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Archive for bank

New IMF Report: The U.S. Dollar Needs To Be Replaced As The World Reserve Currency And SDRs “Could Constitute An Embryo Of Global Currency”

The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again. In a new report »»

Word of the Year: Austerity

The noun was searched so many times on Merriam-Webster’s website, the dictionary decided to make it word of the year. According to John »»

Crises of Capitalism

Poland’s Leaders Move to Weaken Currency, Then Die in Plane Crash

There’s no telling if the two events are connected, but their timing is mighty interesting.
The Polish government and the National Bank of Poland, in a »»

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are  demanding a solution. What they don’t realize is »»

Bankers in favour of paying global fee

Some of the world’s most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks »»

Be Prepared for the Worst

The large-scale government intervention in the economy is going to end badly.

Any number of pundits claim that we have now passed the worst of the »»

The G-7 Abandons The Dollar

The greenback fell further after the G-7 would not come to the rescue. The Group of Seven will let the dollar fall.

The heated »»