Mountain View, CA to Wenatchee, WA 1st gas stop in Redding, CA. The following were available in the bathroom (So, in case you weren’t pumped up enough about your trip aready, you can get a “glo boy extender” or a “love kit” for 75 cents)… Roads like this made it relatively easy for me to … Continue reading »
Posted in November 2007 …
Orange Barons
Brazil has become the global superpower of the orange industry Over the last three decades, South America’s largest nation, which has warmer weather and cheaper labor than Florida, has become the world’s number one source of orange juice. The Brazilians have built oceangoing tankers to transport concentrate, port facilities to offload it and tank farms … Continue reading »
Petrodollars, Petrodollar$, Petrodollars…
During the 1970′s, Saudi petrodollars flowed mostly into the following four U.S. banks: Chase Citibank Morgan Guaranty Bank of America The Arabs preferred conservative, blue-ribbon banks.
Proven Oil Reserves
Proven Oil Reserves (in billions of barrels) Saudi Arabia 259 Canada 179 (175 billion in oil sands) Iran 126 Iraq 115 Kuwait 97 Abu Dhabi 92 Venezuela 78 Russia 60 Libya 36 Nigeria 25 United States 23 Mexico 15.7
Mocatta
Established in 1671, Mocatta was the world’s earliest bullion broker and by 1774 was handling three-quarters of the world’s entire gold production. In 1890 Mocatta chaired the first London Silver Fix and ScotiaMocatta, as it became known following acquisition by the Bank of Nova Scotia in December 1997, continues to chair the Fix today.
Economic Thought Of The Day
There is just no reason why an American worker should continue to earn $40 an hour and a foreign worker just 35 cents per hour. Most likely, the foreigner is better educated and more disciplined. I expect we’re going to see a great leveling of wage rates around the world.
I.R.A. Finances
During the early 1980s the IRA bought shares in a publicly traded British company said to have been worth 200 million pounds, then used offshore brokers to take it over. They permitted most of the company to be run legitimately, but kept a corner of it to themselves to launder 30 million pounds over an … Continue reading »
