By The Ister for the Saker Blog The origin of modern banking can be found in the early days of the gold trade. In the Middle Ages, goldsmiths accepted deposits of gold in return for paper notes, which could be exchanged for the deposits at a later date. Because these paper notes were more convenient for commercial use than physical metal, they were usually not redeemed for gold right away.
Tag "The Ister"
by The Ister for The Saker Blog The billowing wheat fields of Syria once were a staple that kept the people sated through times of struggle. Until the beginning of the war, Syria was a net food exporter, providing grain to neighboring countries and enjoying a healthy supply more than sufficient to feed its population. When the attempted overthrow of Bashar al-Assad began in 2011, the nation collapsed into chaos
by The Ister for The Saker Blog We can see the ongoing war against Russia’s energy industry as an act of revenge from the Empire – but a war which it is losing. After Putin prevented the looting of the country’s energy reserves in the early 2000s, this economic war was launched, designed to cripple the nascent Russian Federation’s oil and gas industry and by extension the Russian economy as
by The Ister for The Saker Blog The 1990s was a time of immense suffering for the Russian people. As the impending collapse of the USSR became discernable, insiders such as Nikolai Kruchina, Viktor Geraschenko, and Leonid Veselovsky created a planning group to ensure the continued influence of Soviet-era officials by transferring Russian state assets to offshore shell companies and thus stripping the country’s wealth. One such offshore company, FIMACO,