Gold trades at an all-time high in nearly all leading currencies

Between 2000 and 2010 the price of gold in dollars quadrupled and since then it has increased by 50%. By way of comparison, from 2015 to 2019 the price of bitcoin rose by 3000%. Gold may soon follow suit and trade at 45.000 dollars an ounce by the end of 2020. What is possible for the digital currency is also possible for gold. Which is not to say that we know what the precise worth of gold will be: what we hold for sure is that the price of this metal will only soar.

In the Gefira bulletin, we have explained in detail the root cause of the economic and financial problems in the Western world.

The production capacity in the most economically advanced nations is collapsing. Between 2020 and 2030 the white Europeans and East Asians will be leaving the workforce in droves, while the number of retirees will be growing. The global population is increasing at a staggering pace, but the populations that have shaped the modern world are shrinking. Neither the left and nor the liberals dare to touch this subject. Either maintains that all ethnic groups are the same and all individuals are equal. If such is the case – they say – we can import people to Europe or the United States from the Third World and thus solve the problem. This claim is not substantiated by any evidence. The disappearance of the Germans, French or English will mean that the vibrant economies created by them in Europe and on other continents will disappear as well. The same holds good for Japan. Continue reading →

UK July car sales fall to lowest since 2012

Britain bought the fewest new cars since 2012 last month, an auto industry body said, blaming political and economic uncertainty as well as consumers’ uncertainty about future environmental regulation. Source Auto.com

Turkish president vows operation in northern Syria will be ‘very soon’

Turkey’s counter-terrorism operations will move forward to a “different phase” in northern Syria soon, President Recep Tayyip Erdoğan said on Aug. 6. “We wiII move the process which we started with the Euphrates Shield and Olive Branch operations [in northern Syria] forward to a different phase very soon,” Erdoğan said at the 11th Ambassadors’ Conference. Source Hurriyet daily news

Funds go short on Greek banks

Greek analysts are concerned by foreign funds increasingly going short on Greek banks over the last month. The trend became apparent in July and is based on debt rating firms’ repeated warnings that the banking sector, with its nonperforming loans, remains one of the main drags on the economy. Source Ekathimerini

Five years of food embargo: Results and growth paths for Russia’s agriculture

According to the Agriculture Ministry, Russia’s food imports dropped by 31.2% in the past five years Source Tass

Pakistan could go to war with India after Kashmir crackdown, warns Imran Khan

Pakistan has warned war could break out with India after its neighbour announced plans to revoke the semi-autonomous status of the disputed region of Kashmir.

The prime minister, Imran Khan, said on Tuesday he was worried Kashmiris angered by their government’s efforts to more fully absorb the restive province into the rest of the country would launch an attack on the thousands of Indian soldiers and police officers stationed in Kashmir. Source Independent.

EU orders France to recover €8.5m in aid given to Ryanair

The European Union on Friday ordered France to recover €8.5 million from Ryanair which it said the low-cost Irish airline had received in illegal state aid to use Montpellier airport. Source The Local