Saturday, March 25th, 2017 MST

Category: Black Swans

Modi paper money cancellation crushes gold

Tuesday last week, India’s Prime Minister Narendra Modi demonetized 86% of the money in circulation, except for special uses. Ostensibly, it was a move to check black money, i.e., counterfeit money, money that was gotten through graft or corruption and money on which taxes had not been paid. In the four trading days following the

Renewed fighting in Ukraine

Despite a supposed truce, Monday pro-Russia troops launched an intensive attack, including the use of tanks and rockets, in what looks like an effort to take the town of Starohnativka. The town lies strategically in the land route that Russia wants to Crimea, which Putin engineered the annexation of in September 2014. Since the agreement