296 search results for "australia"

The Global Corporatocracy Is Nearing Completion

by Don Quijones •  • Comments Off on The Global Corporatocracy Is Nearing Completion

Quietly, the rules governing global trade and financial markets are being changed. Despite the enormous impact they have on our lives, the public is not consulted. Most people are not even aware it is happening.

Dang, The Wine Bubble Implodes (It’s China’s Fault)

by Wolf Richter •  • Comments Off on Dang, The Wine Bubble Implodes (It’s China’s Fault)

Many in the industry believe that in China, 90% of the high-profile wines, like certain Bordeaux, are fake. Devastating thought if you keep wine in a refrigerated vault as an asset class. And prices have collapsed. But it’s not all doom and gloom, not with California wines.

Argentina Kowtows To “Paris Club” on Debt, Thinks It Won

by Bianca Fernet •  • Comments Off on Argentina Kowtows To “Paris Club” on Debt, Thinks It Won

Bond markets are abuzz about Argentina’s deal with the Paris Club of creditors on US$9.7 billion of arrears from the 2001 financial crisis. Economy minister Kicillof emerged, in his mind and that of many, victorious. Brilliant diplomatic showmanship.

The Very Brief Phenomenon Of The Gold Standard

by Contributor •  • Comments Off on The Very Brief Phenomenon Of The Gold Standard

By Dr. Bryan Taylor: Europe was on a bimetallic standard, not a Gold Standard, from the Middle Ages until World War I. Gold triumphed in the 19th century because bimetallism had failed. This should have been taken as a sign that the gold standard too would inevitably fail.