currency Archives - gandeste.org

6 Charts Which Prove That Central Banks All Over The Globe Are Recklessly Printing Money

contribuitor — Sat, 19 Feb 2011 08:27:19 +0000

If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies? Well, it is because everybody is recklessly printing money now. The 6 charts which you are about to see below prove this. The truth is that it is not just the U.S. Federal Reserve […]

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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”

contribuitor — Sun, 13 Feb 2011 07:52:54 +0000

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 entitled “Enhancing International Monetary Stability—A Role for the SDR”, the IMF details the “problems” with having the U.S. dollar as the reserve currency of the globe and the IMF discusses the […]

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The Empire is in Charge, the Colonies Obey

contribuitor — Sun, 23 May 2010 08:10:15 +0000

After the Second World War, when Allied forces were victorious, the U.S. government tried to take advantage of its military victory. It integrated the United Nations General Assembly headed by a Security Council composed of the seven most powerful countries with veto power over the decisions of others. They imposed the dollar as international currency, […]

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Pretending We Are Not in a Depression

contribuitor — Wed, 24 Feb 2010 10:00:09 +0000

I’m going to write today about a very somber subject. It will be, as it usually is here in one form or another, about math. First, some background. If you believe that we have “escaped” from the mess that gripped this nation in 2008 and 2009, or that said mess “suddenly appeared” and “nobody saw […]

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Dollar loses reserve status to yen & euro

contribuitor — Wed, 14 Oct 2009 05:49:27 +0000

Ben Bernanke’s dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency. Over the last three months, banks put 63 percent of their new cash […]

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Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation

contribuitor — Thu, 28 May 2009 07:22:08 +0000

“100% sure” that the inflation rate will soar A prominent PhD economist has warned that The US economy will be subject to rampant “hyperinflation” at levels rivaling those in Zimbabwe if the Federal Reserve refuses to raise interest rates. Marc Faber, founder and managing director of Hong Kong-based Marc Faber Ltd., warned Bloomberg News that […]

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European Central Bank resists rush to print money

contribuitor — Wed, 25 Mar 2009 09:35:16 +0000

FRANKFURT: At the European Central Bank, being a maverick means holding steady as others bow to the prevailing winds. With its peers in the United States, Britain and Japan cranking up monetary printing presses in a bid to prevent their economies from falling into deeper holes, the E.C.B. is resisting the rush into the least […]

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