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Over 4,000 years ago during Sargon the Great’s reign of the Akkadian Empire, it took 8 units of silver to buy one unit of gold. This was a time long before coins. It would be thousands of years before the Lydians in modern day Turkey would invent gold coins as
Every time I come to Viet Nam, I’m always astounded at the incredible growth and opportunity here. This time around I’m reviewing a number of suppliers to buy raw materials from for a new business we’re acquiring in Australia. Just a few years ago those supply contracts would have easily
Just stunning. German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH. Europe, of course, has been battling with negative interest rates for quite some time. What this means is that commercial banks are being charged interest for holding
In the middle of a heated battle against my jetlag yesterday, I finally decided to exercise the nuclear option and turn on CNBC in order to stay awake. I figured someone would say something completely ridiculous, and it would get my blood boiling enough to power through the next couple
Before there was an America, before there was a Britain, before even Rome and Ancient Greece, there was Assyria. For more than five centuries, the Assyrian empire was the wealthiest, strongest superpower in the world. If you could go back thousands of years during the reign of Ashurbanipal and suggested
On January 26, 1841, two years into the First Opium War between China’s Qing Dynasty and the British Empire, Commodore Sir Gordon Bremer hoisted the British flag above Possession Point in Hong Kong. At the time the island’s population numbered less than 10,000. Most were illiterate fishermen. Hong Kong was
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