Tag Archive for Fiat

Our central bankers are intellectually bankrupt – Ron Paul in FT

by Ron Paul The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been rejected…

Iran-Israel Scenario Spiraling Down Rapidly

In my view Israel has all but guaranteed that they will attack Iran’s nuclear facility, and that the timing is imminent. Senior Israeli military and intelligence sources said Wednesday, Feb. 22, that Israel’s strategic and military position in the Middle East has taken a sharp downturn. 1.    UN inspectors were sent packing empty-handed from Tehran after attempting to gain access to nuke facilities. They were also denied an interview with Mohsen Fakrrizadeh, director of the Parchin project and also believed in the West to be the paramount head of Iran’s military nuclear program. 2.  The transfer of 20 percent uranium enrichment to Fordo is taken by Western and Israel intelligence experts to have accelerated  the pace of enriching large quantities of 20 percent enriched uranium to weapons grade and shortened to an estimated six weeks the time needed for arming a nuclear bomb after a decision in Tehran. 3.  There was a threat from Iran’s Chief of Staff  that Iran will not wait for “its enemies” – Israel and/or the US – to strike and will act first. Iran for its part must be calculating that its facilities are not vulnerable to strikes at this stage.  They have also put a wedge [...]