TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
It has been promised for 25 years. Its coming has been heralded as a world-changing event. It has launched a thousand headlines in the last few months. And it happened this week. But if you blinked you would have missed it. What am I talking about? Why, the launch of a Chinese yuan-denominated oil futures Read More…
The IRS has been chasing, demanding, and harassing Coinbase for its users’ transactional information for over a year. Coinbase has been receiving a John Doe summons dating back to December 8th, 2016, with further demands throughout 2017 that transactional data from 2013-2015 should be handed over. Coinbase fought back and won a partial victory, reducing Read More…
I’ve seen some bad ideas in my day, but this has to take the cake. Venezuela has issued a new cryptocurrency called ‘Petro,’ backed by the country’s oil reserves – it has plenty of them. It also aims to create an additional coin named ‘Oro,’ backed by gold. The idea, in and of itself, isn’t bad Read More…
It has all the elements of a Hollywood heist movie: A well-known jeweler-to-the-stars and his shady accomplice. A risky gambit to exploit a banking loophole. Inside help from a high-ranking official. A $2 billion swindle. And the whole house of cards crashing down in spectacular, front-page fashion. But here’s the Bollywood twist: The well-known jeweler Read More…
Rothschild & Co. is ensuring that the business will stay in the family for a seventh generation as the current chairman prepares to hand his seat down to his son. The Rothschild banking empire will ensure that its control continues to stay within the family for a seventh generation as David de Rothschild, 75, is Read More…
A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela’s oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled out of control (entering a death spiral last November), and, perhaps inevitably, the government defaulted on some of its $US bonds. (And all this amidst devastating Read More…