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Month: September 2013

Russian Privatization Continues

Russian Privatization Continues

It is everywhere you look, on television, in newspapers, on flags, coins and books. I am talking about the world famous Mikhail Kalashnikov’s AK-47, possibly one of the most influential ‘tools’ of the past decade. The Avtomat Kalishnikova 1947 (AK-47) was finally perfected and issued to Russian troops in 1947, as the name suggests. Nearly 60 years on the weapon is still responsible for an estimated 250,000 deaths a year, which could make the AK-47 more deadly than any weapon, nuclear…

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Derivatives Market Reaches New High

Derivatives Market Reaches New High

A combination of fractional reserve banking, bank leverage, money printing, derivative manufacturing and government borrowing has been the reason behind much of the global GDP growth over the past 40 years. This market is now worth a staggering $1 + quadrillion,  that’s $1,000,000,000,000,000 of essentially worthless derivatives where buyers only need to put up a fraction of the purchase price. Add in $250 trillion of government debt around the world and things start to look pretty shaky. During 2012, the…

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COMEX Deliverable Gold Bullion Reaches a 10-year Low

COMEX Deliverable Gold Bullion Reaches a 10-year Low

Back in August, the number of claims per physical ounce of gold stored in COMEX warehouses reached 50. That’s 50 owners for every ounce of gold available for delivery. The physical gold rout has continued and the number of owners per physical ounce, now stands at 54.6, a level not seen since 2003. This comes at a time when the global demand for physical gold is rising, led by Asia where Chinese gold consumption is expected to grow 29% this year….

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