For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
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Showing posts with label RT. Show all posts
Showing posts with label RT. Show all posts
Strait Jacket: Iran to 'definitely' close Hormuz if EU bans oil
The EU (no doubt pressured by the Neocon/Israeli led US policy) has officially declares sanctions against Iran for reasons publicly stated as a means of halting Iran's alleged nuclear development program. The sanctions include the blocking of oil and GOLD trade with Iran. RT interviews James Corbett and they discuss the numbers, implications, and some possible results from this action.
Labels:
Corbett Report,
GOLD,
oil price,
RT,
sanctions
Iran threatens action if US returns to Persian Gulf
Uploaded by RussiaToday on Jan 3, 2012
Iran has warned the United States it will take action if an American warship returns to the Persian Gulf. It left the area when Iran started its 10-day naval war games, during which they successfully test-fired a number of different missiles. But Russia's defence ministry says that despite the latest military exercise, the Iranians don't have the technology to make intercontinental ballistic missiles. Meanwhile France is pushing for stricter sanctions as it says it's sure Tehran is developing nuclear weapons. It's urged EU countries to follow the U.S. in freezing Iranian central bank assets and imposing an embargo on oil exports. Tehran has been threatening to block the Strait of Hormuz - one of the world's most important oil routes - if the West stepped up sanctions. RT talks to James Corbett, editor of the Corbett Report website.
RT on Twitter: http://twitter.com/RT_com
RT on Facebook: http://www.facebook.com/RTnews
www.corbettreport.com
Iran has warned the United States it will take action if an American warship returns to the Persian Gulf. It left the area when Iran started its 10-day naval war games, during which they successfully test-fired a number of different missiles. But Russia's defence ministry says that despite the latest military exercise, the Iranians don't have the technology to make intercontinental ballistic missiles. Meanwhile France is pushing for stricter sanctions as it says it's sure Tehran is developing nuclear weapons. It's urged EU countries to follow the U.S. in freezing Iranian central bank assets and imposing an embargo on oil exports. Tehran has been threatening to block the Strait of Hormuz - one of the world's most important oil routes - if the West stepped up sanctions. RT talks to James Corbett, editor of the Corbett Report website.
RT on Twitter: http://twitter.com/RT_com
RT on Facebook: http://www.facebook.com/RTnews
www.corbettreport.com
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