Current News & Events - IMF To Print SDR Funny Money | Forums at …
Written by admin on March 15, 2009 – 7:00 pm -Should the move, which is up for discussion by the summit of G20 finance ministers this weekend, be adopted, it will represent a global equivalent of the Bank of England’s plan to pump extra cash into the UK economy. However, economists warned that the scheme could … And not a very liquid one, since it’s accepted nowhere as a currency , and traded on no public market. See the rest here: Current News & Events - IMF To Print SDR Funny Money | Forums at … Read More →
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Global Labor Strategies: Global Labor’s Forgotten Plan to Fight …
Written by admin on March 15, 2009 – 7:00 pm -In the early 1930s, as global unemployment tripled in two years and the world plunged into the Great Depression, the world ’s labor movements developed a program for fighting the global crisis through international public works. It’s a little-known historical …. The primary one is a kind of international money , known as “Special Drawing Rights” (SDRs) or “ paper gold” that allows countries to create new currency reserves through the International Monetary Fund. The rest is here: Global Labor Strategies: Global Labor’s Forgotten Plan to Fight … Read More →
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Gold performs poorly when paper assets do well | 16 March 2009 …
Written by admin on March 15, 2009 – 7:00 pm -Again, I agree that the sharp fall-off in global commerce and trade (and the financial black hole created by vaporized lending activity) is seriously deflationary. I further agree that the world is wrestling with a downward spiral in the price of goods and services as businesses … There were some serious hiccups in the 1990s – the Asian currency crisis, the Russian default, and so on – but for the most part Alan Greenspan washed them away with a flood of easy money Here is the original post: Gold performs poorly when paper assets do well | 16 March 2009 … Read More →
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The Filipino View on Global Crisis « Dare To Speak Out
Written by admin on March 15, 2009 – 4:05 pm -First and foremost, we are at the rock bottom (sounds pessimistic but I am implying something different here) or perhaps as a third world country. Many of us have to work out buns out just to provide food for our family for a day. … View original here: The Filipino View on Global Crisis « Dare To Speak Out Read More →
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The Filipino View on Global Crisis « Dare To Speak Out
Written by admin on March 15, 2009 – 4:05 pm -First and foremost, we are at the rock bottom (sounds pessimistic but I am implying something different here) or perhaps as a third world country. Many of us have to work out buns out just to provide food for our family for a day. .. More here: The Filipino View on Global Crisis « Dare To Speak Out Read More →
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Roland San Juan: The End Of Money
Written by admin on March 15, 2009 – 3:56 pm -“All it would take to collapse the world’s financial system is the realisation that paper money is only paper . After all, it has no intrinsic value, unlike something that can be used, manufactured or eaten”. Most wealth is not even in the form of …. Read the original here: Roland San Juan: The End Of Money Read More →
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kenny's sideshow: Embrace a world currency, or not
Written by admin on March 15, 2009 – 2:17 pm -MOSCOW: Russia gave a cool reception on Saturday to a Kazakh proposal for a new global currency , saying it may be a topic for discussion among a loose, Russia-dominated economic grouping of just five former Soviet states. … Go here to see the original: kenny's sideshow: Embrace a world currency, or not Read More →
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Words From The (Investment) Wise For The Week That Was (March 9 …
Written by admin on March 15, 2009 – 12:49 pm -However, the announcement by the Swiss National Bank to intervene by devaluing the Swiss franc dominated news in the currency markets. This step was a strong signal of the severity of the global recession and knocked the Swiss franc back …. Read more: Words From The (Investment) Wise For The Week That Was (March 9 … Read More →
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“Steil says countries should abandon monetary nationalism and …
Written by admin on March 15, 2009 – 8:34 am -This way they can introduce a one- world currency backed by gold to make it acceptable to the world public. The digital nature means government would know every aspect of your financial life and would control you and your country. The gold storage would, .. Original post: “Steil says countries should abandon monetary nationalism and … Read More →
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