ECN | 5 July 2016 In order to stimulate their respective economies, spur borrowing efforts and try to shoot out the last bullets possible, central banks all over the world are nearing to subzero interest rates. At the present time, Japan, the European Central Bank, Switzerland and Sweden are sitting at negative territory. But more…
Mises | 31 May 2016 Last month, central bankers and finance leaders from the Group of 7 (G-7) advanced economies met in Sendai to discuss the global economy at large. As expected, the United States cautioned Japan, a US currency watchlist country, to refrain from taking further steps to manipulate its currency. This warning came…
Mises Institute | 16 May 2016 On April 20, 2016 US Secretary of the Treasury Jack Lew penned an announcement on Medium: [T]oday I am excited to announce that for the first time in more than a century, the front of our currency will feature the portrait of a woman — Harriet Tubman on the…
GWPF | 2 May 2016 The Mark Carney Effect The number big investors ignoring climate change risk increased last year despite a stark warning from Bank of England Governor Mark Carney’s about the potential for “huge” losses from a sudden shift in regulation designed to curb global warming and fossil fuels. Almost half of the…
Bloomberg | 27 Jan 2016 Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes.…
Reuters | 26 Oct 2015 International Monetary Fund staff are set to give the all-clear for China‘s yuan to be included in the lender’s benchmark currency basket, laying the groundwork for a favourable decision by policymakers, people familiar with the discussions said on Sunday. The IMF’s executive board is scheduled to decide in November on…
Stuff | 22 July 2015 When your money goes into KiwiSaver it goes on a journey into the global financial system and some of the places it ends up will surprise you. Some KiwiSaver schemes invest a lot in New Zealand deposits, bonds and shares, but most have big chunks invested in overseas companies and…
Counterpunch | 13-15 March “There are no nations…. no peoples…. no Russians.. no Arabs…no third worlds…no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multi-variate, multi-national dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the…
RT | 10 March 2015 The China International Payment System (CIPS) is due to kick off this year, bringing the yuan a step closer to becoming a global trading currency, as the new system will make payment transfers just as easy as in dollars and euro. The launch is expected in September or October, depending…
Zems | Live Journal- Fort Russ | 16 Dec 2014 Only the lazy are not writing about this subject today. But everyone for some reason is looking in the wrong direction. Let me explain: – Our country has a stock of dollars – The currency of our country – roubles – is held by other countries…