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…
Category: Global Economy
Puerto Rico’s Debt Bomb. Could Puerto Rico become “The New Greece” in the Caribbean?
Timothy Alexander Guzman, Silent Crow News – Puerto Rico is heading towards a pivotal moment in history. Standard & Poor’s (S&P), a US-based credit rating agency located in New York City has decided to put the Government Development Bank of Puerto Rico concerning the island’s debt “on watch” concerning its credit rating according to a recent report conducted by Reuters…
As War Lingers in Mali, Western Powers Target its Natural Resources
Timothy Alexander Guzman, Silent Crow News – France’s intervention in the West African nation of Mali under Operation Serval drove Islamic groups associated with Al-Qaeda out of Northern Mali in February 2013. When the Tuareg rebellion occurred in early 2012, it was against the Malian government lead by the National Movement for the Liberation of Azawad (MNLA) for the independence…
Wall Street Pirates of the Caribbean: Puerto Rico’s Public Pension System Teetering on Collapse as Retired School Teacher’s Face Cuts
Timothy Alexander Guzman, Silent Crow News – Protests erupted this past Thursday in San Juan, Puerto Rico’s capitol building. The ongoing economic stagnation of Puerto Rico continues with proposed pension cuts for retired public school teachers according to the Associated Press: The protest interrupted a special legislative session that Gov. Alejandro Garcia Padilla had called to debate reform measures amid…
The Debt Matrix: Consumption and Modern-Day Slavery
“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt” Henrik Ibsen Timothy Alexander Guzman, Silent Crow News – According to Oxford Dictionary the term Slave is defined as “a person who is the legal property of another and is forced to obey them” as in the case of the United States…
Beijing’s Race to Diversify out of US Treasuries: New Agreements would Allow Singapore to become “Leading Offshore Trading Centre” for the Chinese Yuan
Timothy Alexander Guzman, Silent Crow News – China is accelerating the role of the Chinese Yuan with agreements with Singapore that would allow “direct trading between each other’s currency” according to Singapore’s central bank. The Agence-France Presse (AFP) reported that China and Singapore will cooperate on a number of agreements that would boost economic ties for both countries. China is…
China should Reduce its Holdings of US Treasuries, Diversify its Reserves, “There are Alternatives to Investing in the US Dollar”, Chinese Economist
Timothy Alexander Guzman, Silent Crow News – The US political crises and its Debt limit problem is a warning sign for China over its $1+Trillion it holds in US treasuries. Although the crisis is temporarily resolved until January, uncertainties will still remain. Before a deal was reached on Wednesday, Chinadaily.com reported that “Even if the debt impasse is eventually solved…
Has the US Dollar Lost its Credibility? Legitimate Concerns for the World’s “Reserve” Currency
Timothy Alexander Guzman, Silent Crow News – The confidence in the US dollar as the world’s reserve currency since the US government shutdown has continued its rapid decline. On October 14th, started the third week of a US government shutdown reported that the US dollar fell against the Euro. A deal involving a spending bill would most likely happen between…
A Precious Metals Renaissance? What the Federal Reserve Bank’s Endless QE Means for Gold and Silver
Timothy Alexander Guzman, Silent Crow News – As the Syria Crises continues with unfolding developments every day, an economic crisis looms. The US economy is on the verge of sliding in to a severe recession that will eventually lead to a depression. When? It is hard to say. Federal Reserve Chairman Ben Bernanke announced this past Wednesday at a news conference…
America’s Economic War on the People of Iran: Obama Signs Executive Order Targeting Iran’s Currency and Auto Industry
Timothy Alexander Guzman, Silent Crow News – The Nobel Peace Prize President recently signed another executive order targeting Iran’s currency, the ‘rial’ due to its nuclear program. It is intended to make the Iranian people angry at the government for high food prices and an economy that is continuing to stagnate due to numerous sanctions imposed by the West, particularly…
New Sanctions Begin: South Korea’s Samsung announces its “online store” will not operate in Iran
Timothy Alexander Guzman, Silent Crow News – Samsung, the South Korean multinational company headquartered in Seoul just announced that its online store will not operate in Iran as of May 22, 2013. The Associated Press report titled ‘Samsung to block access to app store in Iran’ that “Iranian users of Samsung mobile applications said Thursday that the company had notified…
Buoyant Silver Market: China’s Silver Demand Increases as the Euro Continues its Downfall
Timothy Alexander Guzman, Silent Crow News – Silver will be in high demand in the future. The future of silver looks promising. Many industry insiders understand that silver has the highest electrical and thermal conductivity of any metal that currently exists. As we already know, silver has the potential to store more power in a small amount of space that any other…
Investing in Silver, Moving out of the Dollar: The Roman Denarius, the American Dollar and the Return of Silver?
Timothy Alexander Guzman, Silent Crow News – If the US dollar collapses, it will have a dramatic impact on the world economy because the dollar is the standard unit of currency for commodity markets, especially gold and oil. The U.S. dollar is still the world’s reserve currency, but the reality is that it can lead the world into an economic depression. Nations…
10 Things You Didn’t Know About Gold
Tyler Durden, Zero Hedge – With gold and silver down this morning – following a mysterious vertical plunge last night (once again) – we thought ConvergEx’s Nick Colas’ timely discussion of gold was worthwhile. As he notes, Gold is the ultimate personality test for investors. Some hate it, excoriating its adherents for their lack of faith in human ingenuity –…
The Wolves are at it again! Goldman Sachs Prey on America’s Social Security
Timothy Alexander Guzman, Silent Crow News – In a CBS interview on November 19th 2012 with Goldman Sachs CEO and Chairman Lloyd Blankfein recently said that retirees who are expecting entitlements such as social security will not receive any payments because the US government cannot afford them. The American people should be prepared for what President Obama and his Goldman…