After a year of secret negotiations, the world’s largest arms dealer, the Pentagon, has announced that it is finalizing a preliminary agreement on a complex $10 billion Mideast arms deal with Israel, Saudi Arabia and the United Arab Emirates.
What would happen if the U.S. Dollar were suddenly dropped as the world’s reserve currency? Here are 7 economic consequences of a dollar collapse.
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 21 – As the fighting in Libya continues to take a toll on the civilian population there, the United States and her allies are entering the third day of their offensive to enforce a no fly zone over parts of the North African nation. President […]
A so called “Day of Rage” has been scheduled for tomorrow in the Kingdom of Saudi Arabia. The planned protest has been called for on a Facebook group which sports some 17,000 members and has sent the market for crude oil into emergency standby mode.
The Slow Death of the Dollar… In section C of yesterday’s Wall Street Journal, the paper spent several pages on the topic of global currencies.
You walk up to the gas pump and check the price. $7.94 per gallon the meter reads. You shrug and begin to fill up your tank, watching in numbed silence as the numbers race by. By the time you’re done, the total cost to fill up your tank of gas is $238.20. A fantasy?
In the news this morning: A new GAO report shows massive overlap in government spending, more Mideast news, and more…
Is now the time to be investing in natural gas? I’d have to say that it definitely is. I think the biggest reason why natural gas is set for an explosion in prices (no pun intended) is what’s been happening in my neck of the woods.
In Israel, the heat is on… In a rare turn of events, the U.S. has told Arab governments that it will stand in agreement with them in issuing a U.N. Security Council.
The core Producer Price Index (PPI), which excludes food and energy prices, rose 0.5% in January according to the U.S. Labor Department. Many economists expected a 0.2% increase…
This weekend, Iran goes atomic. On August 21, Iran will bring the nation’s first nuclear power reactor online when it loads a shipment of nuclear fuel into the core of the Bushehr nuclear plant.