Commodity Trade Mantra

Posts Tagged ‘Corruption’

Turkey's "200 Tons Of Secret Gold" Trade With Iran

Turkey’s Oil-for-Gold ‘deals’ included classic money-laundering techniques of over-invoicing & false invoicing. The network spanned Turkey, China, Dubai & Iran & the exposure of this scheme won’t slow Turkey’s manipulation. It’s trade balance continues to fluctuate unpredictably as gold stocks flow out of the country in bursts.

Moody's: Russia Downgrade Review On Event Risk, Investor Sentiment & Economy

Hot on the heels of what S&P said was not a “politically motivated” shift to rating watch, Moody’s has decided to put Russia on rating downgrade watch. Decision was triggered by 3 key factors: Weakening of Russia’s economic strength, Potential shifts in investor sentiment & susceptibility to event risk.

Why Are So Many People Renouncing American Citizenship?

In recent years, a lot of American people with deep roots here have made the difficult decision to say goodbye to the United States permanently. The number of Americans that renounced citizenship was 221% higher in 2013 than was in 2012 – A staggering figure & symptomatic of a larger trend.

Breathtaking Corruption In The European Union

The extent of corruption in Europe is breathtaking and it costs the EU economy at least 120bn euros (£99bn) annually, the European Commission says. The cost to the EU economy is equivalent to the bloc’s annual budget. The EU Home Affairs Commissioner presented a full report on the problem.

Scandal: Bank Of England Encouraged Currency Manipulation By Banks

This report confirms that yet another conspiracy theory is fact, as at least one central bank has been exposed to not only have known about a criminal activity that is now costing the jobs of hundreds of traders (and should lead to jail time), but to have urged it on.

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