Business

Two months after speculation and recurring headlines of an "imminent" OPEC meeting to first cut, then merely freeze (at record output levels) oil production, a meeting in which Iran is certain to not comply with any production curbs and the all important Saudis following suit, not even Goldman believes there is any upside from the meeting scheduled for this upcoming Sunday.

This is what Goldman commodity strategist Damien Courvalin said in a note released overnight.

it has been a rather quiet session, which saw Japan modestly lower dragged again by a lower USDJPY which hit fresh 17 month lows around 170.6 before staging another modest rebound and halting a six-day run of gains; China bounced after a slightly disappointing CPI print gave hope there is more space for the PBOC to ease; European equities rose, led by Italian banks which surged ahead of a meeting to discuss the rescue of various insolvent Italian banks, while mining stocks jumped buoyed by rising metal prices with signs of a pick-up in Chinese industrial demand.

Failure of the War on Cash

Written by Jeff Thomas (CLICK FOR ORIGINAL)

The company responsible for security at the World Trade Center buildings (Stratesec) before the 9/11 attacks held meetings prior to the attacks in offices leased by Saudi Arabia.  The Securities and Exchange Commission suspected Stratesec’s CEO, Wirt D. Walker, of 9/11 insider trading – yet no investigation was made into the security firm or its links to Saudi Arabia. Washingtonsblog.com reports: Despite that documented suspicion and the SEC’s call for FBI investigation of Walker’s trades, neither the FBI nor the 9/11 Commission questioned Walker at all.

Harvard economist and global elitist Larry Summers has demanded that the U.S. government “go after big money” by banning the $100 dollar bill in a move to completely get rid of cash from circulation.  The former U.S. Treasury secretary and chief economist of the World Bank outlined the plans for a cashless society in a recent op-ed for the Washington Post, calling for the ban on 500 euro and $100 dollar bills to begin with.