Timothy Alexander Guzman, Silent Crow News –Are we entering a new era where cash is outlawed and a cashless society is becoming an Orwellian reality? The European Central Bank President Mario Draghi recently said that the bank is “considering action” to drop 500 euro notes because of its links to criminal activities. The former treasury secretary and director of the National…
Category: Global Economy
Currency War Escalation: Iran Wants Euros Instead of US Dollars for Oil Payments
Timothy Alexander Guzman, Silent Crow News – Washington must be getting nervous with the latest announcement from Iran’s state-owned oil company, the National Iranian Oil CO (NIOC) which declared that Iran will replace US dollars with Euros for its oil trades according to a Reuter’s news article titled ‘Exclusive: Iran wants euro payment for new and outstanding oil sales – source’.…
De-Dollarization Accelerates: Iran-Russia “New Trade Agreements” to Drop US Dollar
Timothy Alexander Guzman, Silent Crow News– The threat of war against Iran is not just about its natural resources, strategic control and supposedly to protect Israel, it is also about the US dollar being used for its oil trades. Iran is moving forward to replace US dollars for its foreign trade with Russia in rials and Russian rubles. This past…
The cost of disaster relief
Melanius Alphonse, The Lucian People’s Movement – The overwhelming loss of life and destruction wrought on the Caribbean island of Dominica by Tropical Storm Erika is utterly heart wrenching and would I like to convey my sincere condolences to the people of Dominica. Many years of reconstruction lie ahead at a towering cost and likewise the opportunity to reconsider the development…
The Secretive Trans-Pacific Partnership: Washington’s Strategy to Isolate China
“When more than 95 percent of our potential customers live outside our borders, we can’t let countries like China write the rules of the global economy” U.S. President Barack H. Obama Timothy Alexander Guzman, Silent Crow News – The secretive Trans-Pacific Partnership (TPP) is an agreement that serves numerous purposes; one of them is to contain China’s rising economic power…
Commentary: Trinidad and Tobago presages transformation
Editor’s Note: Reprinted from May 26, 2015 Melanius Alphonse, The Lucian People’s Movement – Accepting recurring themes of low growth and a downturn in oil prices as the new normal in world economy, and activities in China that slowed marginally to 7.4 percent in 2014 compared to growth of 7.8 percent in 2013, places Trinidad and Tobago to endure alternatives to…
Puerto Rico is Bankrupt: Will the IMF Bail-Out Puerto Rico?
Former IMF Officials Propose Austerity Measures to Solve Puerto Rico’s Debt Crisis, Governor Agrees Timothy Alexander Guzman, Silent Crow News – Puerto Rico is bankrupt according to Governor Alejandro Padilla because it is mathematically impossible to pay its $73 billion debt it owes to creditors. In an interesting turn of events, the Associated Press reported that Padilla met privately with…
The Bilderberg’s “Cashless Society” Proposal and Rwanda’s US Supported Cashless Payment System
Timothy Alexander Guzman, Silent Crow News– One of the main topics at the Bilderberg Group meeting held last week in Telfs-Buchen, Austria was the idea of promoting a cashless society. It seems like governments in Africa think that a cashless society is a good idea, which is good news for the Bilderberg elite, but really bad news for the rest of…
All is not lost in the midst of downgrades
Melanius Alphonse, The Lucian People’s Movement – The Republic of Trinidad and Tobago is under enormous scrutiny following Moody’s Investor Service downgrade of its bond rating and issuer rating to Baa2 from Baa1; changing the outlook to negative from stable. Added to that, Moody’s downgraded the long term local and foreign currency deposit ratings of First Citizens Bank Limited (FCBL) – 82.64%…
Suicide Mission: Why a War With Iran Will End in Another Defeat for the U.S. Military Machine
Timothy Alexander Guzman, Silent Crow News – On Hardball with Chris Matthews, a U.S. mainstream media program interviewed President Barack Obama and was asked about Russia’s decision on lifting a ban on the sale of S-300 air-defense missile systems to Iran. According to the Jerusalem Post, Obama said “Our defense budget is somewhere just a little under $600 billion. Theirs…
Is Puerto Rico on the Brink of Economic Disaster?
Mass Migration, Poverty, Unemployment and the “VAT” Initiative Timothy Alexander Guzman, Silent Crow News – Puerto Rico’s unemployment rate hovers around 14 percent but of course, the Bureau of Labor Statistics (BLS) does count those who dropped out of the labor force completely. If you did count every working age person not participating in the labor force, you would probably…
Politics, Financial Fraud and the “Big Three” Credit Ratings Agencies
China and Russia to Launch Credit Rating Agency that will Challenge U.S. Financial System Timothy Alexander Guzman, Silent Crow News – The “Big Three” Credit rating Agencies Moody’s, Standard & Poor’s and Fitch Ratings are a powerful monopoly and a very influential actor in the World of finance. Since 1975, these same rating agencies gained power with assistance from the…
The Economic War on Cuba: Western Media Remains Silent as Obama Extends U.S. Embargo
Timothy Alexander Guzman, Silent Crow News – As the world pays close attention to the war on terror with ISIS in the Middle East, the ongoing civil war in the Ukraine and the spread of Ebola that began in West Africa, another war has been silently extended for another year with hardly any media coverage especially in the U.S. It…
Financial Tyranny in Puerto Rico: The Puerto Rico Government and the Creation of the New Tax Police
Timothy Alexander Guzman, Silent Crow News – Puerto Rico has hit a brick wall. A financial tyranny is slowly emerging as desperation is starting to reflect on the Puerto Rican Government. Not only Puerto Rico’s underground economy will face a tax burden that will be enforced by the government, but also businesses, both small and large. According to Reuters they…
Will South Africa Allow Shale Gas “Hydraulic Fracking” in the Karoo?
Timothy Alexander Guzman, Silent Crow News – South Africa is possibly moving forward with a plan to allow Shell Oil Company to explore and develop natural gases through the highly controversial ‘Hydraulic Fracking’ technology in the region of Karoo. The South African based company that produces liquid fuels, chemicals and electricity ‘Sosal’ is optimistic that that the shale gas industry…