This simple chart shows how the US Fed Quantitative Easing (QE) and Twist programmes of dollar creation are almost perfectly correlated to the US WTI crude oil benchmark price: itself linked to the Brent/BFOE benchmark oil price.
Aristocracy is a kind of government that puts power in the hands of a small, privileged ruling class. In Ancient Greek, the word aristocracy means the rule of the best, but it has come to be linked with rule by royal families. There are different kinds of aristocracy with different ways the government is set up. In history, most aristocracies are hereditary.
The aristocracy is a social class that a particular society considers its highest order. In many states, the aristocracy included the upper class of people with hereditary rank and titles. In someâsuch as ancient Greece, Rome and Indiaâaristocratic status came from belonging to a military caste, although it has also been common, notably in African societies, for aristocrats to belong to priestly dynasties. Aristocratic status can involve feudal or legal privileges. They are usually below ...