Return to the Pentagon



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Return to the Pentagon

In my 2011 book, Currency Wars, I gave a detailed description of the first-ever financial war game sponsored by the Department of Defense.
This financial war game took place in 2009 at the top-secret Applied Physics Laboratory located about 20 miles north of Washington, DC, in the Maryland countryside.
The post Return to the Pentagon appeared first on Daily Reckoning Australia.

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Japanese Capital Prepares to Boost Aussie Property Market

In the US state of Maryland, the local specialty dish is crabs with a spice called Old Bay.
I ploughed threw a bunch when I was there last year. And believe me, a cold beer to go with the dish is mandatory, such is its saltiness.
I don’t think Maryland is famous for much else.
The post Japanese Capital Prepares to Boost Aussie Property Market appeared first on Daily Reckoning Australia.

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Terrorists, Blowhards, and an Oil Price Spike

2018 is setting up to be an incredible year for oil.
Last week the price of oil hit its highest level since 2014.
West Texas Intermediate crude reached US$69.56 a barrel. This time last year it was trading around US$50.
Naturally, US petrol prices are heading up, causing headaches for consumers.
The post Terrorists, Blowhards, and an Oil Price Spike appeared first on Daily Reckoning Australia.

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Stop Watching the Royal Commission and Pay Attention to Turkey

Australia is besotted with the banking saga.
And for now, I can’t see anything changing this. Day after day, more information comes to light of the Aussie banks’ misbehaviour.
Everyone loves to hate banks. After all, they make billions in profit by selling you debt.
The post Stop Watching the Royal Commission and Pay Attention to Turkey appeared first on Daily Reckoning Australia.

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Woolworths Shutdown Reveals Dangers of Cashless Societies

Cash is king.
No one is quite sure where that phrase originated. Though its use was popularised by Pehr Gyllenhammar, the then-CEO of Swedish carmaker Volvo in the aftermath of the 1987 market crash.
What Gyllenhammar referred to by ‘cash is king’ remains a mystery.
The post Woolworths Shutdown Reveals Dangers of Cashless Societies appeared first on Daily Reckoning Australia.

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