Today, Zimbabwe no longer has its own currency. The country effectively deals in cash only, in foreign currencies. Merchants take whatever they can get– US dollars, euro, South African rand, etc.
I think this was among the eye-opening videos I've seen. It draws together a lot of well-known events, and presents a clear clean solution for the People. The question is whether or not they will stop feeding the Beast that consumes them...We'll seeEntered By: Barry Hess
The Institute of International Finance, a group that represents 420 of the world's largest banks and finance houses, has issued yet another call for a one-world global currency, to prevent a looming currency war.
World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus next month and amid mounting speculation that China is planning to raised reserve requirements for ban
Can anyone explain the very strange behavior that we are seeing in world financial markets right now? Corporate insiders are bailing out of the U.S. stock market at a very alarming rate. Investors are moving money into gold and other commodities.
Strip away the political correctness, Chapter 3 of the IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and America...
The banks bill will quadruple national debt levels to 155 billion euros or over 100,000 euros per household.
The Daily Bell is pleased to present an exclusive interview with Steve Horwitz.
Two months after Lehman Brothers collapsed in the fall of 2008, a small group of European leaders set up a secret task force—one so secret that they dubbed it "the group that doesn't exist." Its mission: Devise a plan to head off a default by a count
Two years after the 2008 bailout, the economy continues to struggle with a lack of credit, the hallmark of recessions and depressions. Credit (or debt) is issued by banks and is the source of virtually all money today. When credit is not available, t
The world’s top bank regulators agreed Sunday on far-reaching new rules intended to make the global banking industry safer and protect international economies from future financial disasters.
The International Monetary Fund said on Thursday it sold 10 metric tonnes of gold to the central bank of Bangladesh on Sept 7, using Tuesday's market prices for the transaction. The IMF said the sale raised $403 million, adding that it was part of
Why? Let me be plain and blunt. The “unexpected developments” Bernanke referred to is the collapse of the global banks. This is FED speak and to those in the loop, this is the dire warning. So many renowned economists have misdiagnosed the obje
Just another reason to advocate for a voluntarist society. The powerful 'kick-ass and take names' government you create today will be someone else's tomorrow.
Legendary global investor and chairman of Singapore-based Rogers Holdings, Jim Rogers said economies in trouble should be allowed to go under, like bad companies.
More than 80 years ago, Germany sold tens of thousands of bonds to American investors in an effort to recover financially from World War I. Later, Adolf Hitler used some of the money raised by those bonds to build the powerful Nazi war machine that w
By Arnaud Mares | London - The sovereign debt crisis is not European: it is global. And it is not over. The European sovereign debt crisis of spring 2010 was a misnomer in more ways than one: there was not one crisis but two. And it will continue wel
Wheat rose in Chicago after Russia, the world’s third-largest grower, extended a ban on grain exports into next year, raising the prospect of higher food prices that already have sparked riots in Mozambique.
Spanish-born Muslim Umar Vadillo's solution took shape when the local Muslim-led government in Malaysia's Kelantan state joined forces with him to introduce Islamic-style gold dinar coins as alternative currency to the U.S. dollar.
As depositors thronged branches of Afghanistan's biggest bank, the brother of the Afghan president and a major shareholder in beleaguered Kabul Bank called on Thursday for intervention by the United States to head off a financial meltdown.
Sales on vodka and other spirits after 10:00 pm will be banned in Moscow starting Wednesday. But one political activist, makes a "libertarian" argument against the ban on both cultural and economic grounds.
India's economy grew at its fastest rate for more than 2 years in the last quarter. In the 3 months to June, GDP was up 8.8% compared with the same period last year. Only the 11th biggest economy in the world, India is the 2nd fastest-growing, behind
Russia's economy grew 4.0 percent in the first half of the year, continuing its recovery from the global crisis, but this was slightly below official forecasts, data showed on Tuesday.
The German unemployment rate was stable at 7.6% of the workforce, as the number of people seeking work edged slightly lower to 3.188 million people. "The clear rebound of the German economy continues to translate positively onto the jobs market," sai
This was expected to be big, but the number highlights the hit that the Irish public balance sheet is taking with its support for the banks...
Removing the borrowing cap on this facility, which previously stood at 1000 percent of a member’s IMF quota, in essence making the FCL a limitless credit facility, to be used to rescue whomever, at the sole discretion of the IMF's overlords.
Asian markets lost ground Tuesday as a strong yen pummeled Japanese shares and after Wall Street fell amid pessimism about the U.S. economy. Japan's Nikkei 225 stock average led regional declines, down 236.93 points, or 2.6 percent to 8,912.33. Dr
Over the past few years, there have been many rumors about a coming global currency, but at times it has been difficult to pin down evidence that plans for such a currency are actually in the works. Not anymore.
Watch the attached clip to see a former Fed director go from comfortable, to fidgety, to stuttering, to thoroughly discredited, to in dire need of diaper change, in under 2 minutes.
Despite the global downturn, China's economic growth rate remains above 10%. But there is mounting evidence that Beijing has misallocated vast amounts of capital, touching off a real-estate crisis that could yet drag China down to earth.