Category: Global Financial System
The analysis published under this category are as follows.
Monday, November 15, 2010
G20 Summit Fails to Resolve Global Trade and Currency Conflicts / Politics / Global Financial System
By: Barry_Grey
The G20 summit of leading economies held in Seoul, South Korea concluded Friday without any agreement on policies to bridge differences over global currency and trade issues that have grown increasingly bitter in recent weeks.
President Barack Obama failed to obtain a consensus to demand that China allow its currency, the renminbi (also known as the yuan), to appreciate more rapidly. But the US continued to defend its policy of printing hundreds of billions of dollars, dismissing complaints from countries ranging from Germany, Japan and China to Brazil, Thailand and South Africa that Washington is deliberately devaluing the dollar in order to obtain a trade advantage over its competitors.
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Wednesday, November 10, 2010
Will G20 Take a Collective Stand on Capital Controls? / Politics / Global Financial System
By: Global_Research
Kavaljit Singh writes: Leaders of the G20 will meet in Seoul on Nov. 11 and 12 to discuss a myriad of issues concerning global financial stability and economic recovery. In many ways, the G20 Seoul Summit is significant because for the first time it is hosted by a non-G8 nation and one in Asia too.
The two-day Seoul summit covers an expansive agenda, ranging from global safety nets to new rules on bank capital and liquidity requirements to reforming the International Monetary Fund (IMF).
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Wednesday, November 10, 2010
World Bank Head Calls for Monetary System Linked to Gold / Politics / Global Financial System
By: Barry_Grey
In the run-up to the G20 summit of leading economies, to be held Thursday and Friday in Seoul, the president of the World Bank has published a column in the Financial Times calling for a fundamental revamping of the global currency system involving a lesser role for the US dollar and a modified gold standard. The Financial Times underscored the significance of the column by making it the subject of its front-page lead article on Monday.
Wednesday, November 03, 2010
Global Monetary System in Crisis, Currency War Is Leading to Trade War / Politics / Global Financial System
By: Bob_Chapman
The UK, Europe, the US and Canada are different degrees of welfare states. By way of regulation, government controls via taxation. The states and their inhabitants send taxes to Washington, which takes its cut and sends funds back to the states with strings attached. You either do what we want you to do, or we cut off your funds. The states and the people are subject to extortion with government using their funds to do so. By using regulations, welfare and extortion, the federal government creates dependency.
Saturday, October 30, 2010
The Global Monetary System is in Crisis / Politics / Global Financial System
By: Bob_Chapman
The recognition of currency war, which has been going on for years, reflects the failure of international cooperation and the failure the G-20 to find a solution of the beggar-thy-neighbor policies of almost every nation. The result has been growing geopolitical dislocation, which G-20 has yet to find a solution for. These efforts, until recently, were turned upside down by the failure of the Copenhagen Summit in the summer of 2009, when it was discovered that global warming was a giant scam.
Wednesday, October 27, 2010
Global Banking System, Is There Life After Sudden Death? / Economics / Global Financial System
By: Professor_Emeritus
The debate on the Real Bills Doctrine (RBD) within the sound money movement is important because the international banking system, financing world trade as well as domestic trade, is facing its greatest challenge in all history. Indeed, it may succumb to the sudden death syndrome, and all efforts to resuscitate it may fail. Worse still, banks have by now acquired such a bad name, and they have earned such a universal hatred for their role in the global destruction of capital and of individual savings, that any new financial institution in whose name the word "bank" figures may be rejected out of hand by the people, should anyone try to make a fresh start in the banking business after the collapse.
Saturday, October 23, 2010
China Rejects G20 New Trade Currency Rules and Limits / Politics / Global Financial System
By: Submissions
Tehran writes: China rejects any form of rules on currency policy and exports limits among world’s industrialized nations, Reuters reported from South Korea where the G20 meeting is being held this weekend.
Many observers expect the US treasury secretary Timothy Geithner is going to pressure China to accept a new system of currency valuation in which Beijing would agree to allow its currency fluctuate freely and not be pegged to US dollar like the way it’s currently. The move - if accepted by China - should make Chinese industrial products more expensive and therefore reduce trade imbalance in US favor.
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Friday, October 15, 2010
Financial Markets Tensions Rise as Global Policymakers Part Ways / Politics / Global Financial System
By: Mike_Larson
The tension out there is so thick you can cut it with a knife. I’m talking about the tension building between central bankers and policymakers in developed nations and their counterparts in so-called emerging market countries.
On the one hand, you have policymakers here, in Japan, and in England promising to print money until the cows come home. Their aim is to boost their faltering domestic economies and combat deflation.
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Tuesday, October 12, 2010
BCCI Operations. Inside the Global Banking Intelligence Complex / Politics / Global Financial System
By: David_DeGraw
To get a more complete understanding of our current crisis, we need to look at the history of events that led up to it. We need to peer deeply into the inner workings of the Global Banking Intelligence Complex. Without acknowledging and exposing the covert forces that are aligned against us, we will not be able to effectively overcome them.
In the past I have shied away from going too deeply into the details of the intelligence world out of fear of being written off and dismissed as a conspiracy theorist. If I hadn’t spent the majority of the past 20 years investigating global financial intelligence operations, I certainly wouldn’t believe half of this myself. Given the severity of our current crisis and the imminent devastating implications, I now realize that I must go deeper into covert activities than I publicly ever have. The information I am about to report is very well-sourced and documented, and needs to be covered before we can proceed to exposing present operations.
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Monday, July 05, 2010
The IMF Wants to Take Over the World, Banking Colossus in the Making / Politics / Global Financial System
By: Michael_S_Rozeff
How long did it take to build the Federal Reserve System? Nineteen years. The various interests created and debated banking reform between the years 1894 and 1913. This is documented by Elmus Wicker in his little book The Great Debate on Banking Reform: Nelson Aldrich and the Origins of the Fed.
Wednesday, June 23, 2010
Gold and the Architecture for a New World Financial System / Politics / Global Financial System
By: Professor_Emeritus
The Symposium was held at the historic town of Hall in Tirol, Austria, for a good reason. Hall in Tirol (just east of Innsbruck) had been the “monetary capital” of Europe for centuries.
It all started in 1477 with the moving of the Mint from Meran in South Tirol (now part of Italy) where it had been operating since 1271, to Burg Hasegg in Hall, by Archduke Sigismund of Austria (1427-1496). At the same time the Archduke instituted important monetary reforms. He opened the Mint to silver. As a result, silver mining was revived in the valleys of Tirol, and new mining methods and technology were developed. Ultimately, the much-debased coinage of Medieval Europe was replaced by sound currency that brought heretofore unprecedented prosperity to the people of Renaissance Europe. The currency reform of Archduke Sigismund has laid the foundations for the architecture of a new world financial system.
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Monday, June 14, 2010
The Fractional Reserve Banking System Explained / InvestorEducation / Global Financial System
By: Robert_Murphy
Austrian economics is superior to Marxism in every respect, and this includes internal, sectarian squabbles. When we Austrians feel the time is ripe for another bloodletting — it keeps us strong by thinning the herd once in a while — we argue over fractional-reserve banking.
If you have never had the pleasure of watching such fireworks, I point you to Joe Salerno's recent blog post; it has enough links to bring you up to speed. In the present article, I want to walk through a simple example to make sure everyone understands exactly why some of us think fractional-reserve banking is just plain weird.
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Friday, April 30, 2010
Russian Hackers Threaten the World / Politics / Global Financial System
By: Pravda
According to Symantec, the number of cyber crimes last year has increased twofold and continues to grow, while the number of hacker attacks has increased by 71%. Within the last year nearly 3 million viruses were registered. Russia shot significantly ahead and made it to seventh place among top ten countries producing the most cyber threats.
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Saturday, March 20, 2010
London and New York Tie as Top Global Financial Centres, Asia Catching Up Fast / Politics / Global Financial System
By: Pravda
In the rating of global financial centers created by Z/Yen Group Ltd., Moscow dropped from 67th to 68th place out of 75 available. There were some changes on the top of the list as well. London, despite being a leader, has to share the top place with New York as both cities received 775 points out of 1,000 available.
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Tuesday, February 23, 2010
A Parable About How One Nation Came to Financial Ruin / Politics / Global Financial System
By: Trader_Mark
While Warren Buffet gets all the press and is a media darling, his partner who works in shadows is a person I find much more interesting. Perhaps because Charlie Munger is one blunt son of a gun as we saw a year ago [May 3, 2009: Berkshire Hathaway's Charlie Munger Says 'Venal' Banks May Avoid Needed Reform]
Friday, January 15, 2010
Bilderbergs of the World Unite! / Politics / Global Financial System
By: William_Bowles
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And just in case you still haven’t got the point, the same Heritage Foundation document, dated 25 September, 2002 went on to tell us,
Wednesday, October 28, 2009
SDR Global Currency Power Shift Underway / Currencies / Global Financial System
By: Doug_Wakefield
On Monday, November 2nd, it will have been seven months since the G20 met in London to expand the international currency known as the Special Drawing Rights. If you want to brush up on the background of this international currency, our November 2008 newsletter, states:
Thursday, October 08, 2009
Bankster's Bait and Switch Fractional Reserve Banking System / Politics / Global Financial System
By: Gary_North
The phrase "bait and switch" refers to a sales practice of advertising a desirable item at a low price to get potential buyers into a showroom. Then the salesman tells the shopper that the firm has run out of the sought-after item. The salesman then uses his sales skills to sell the shopper a more expensive item.
This practice is illegal. It is a form of fraud. It steals time from the shoppers.
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Sunday, September 06, 2009
Financial and Geopolitical Intelligence, Gain From the Banking Cartel Game Plan / Politics / Global Financial System
By: DeepCaster_LLC
Studying The Cartel* Game Plan, to the (considerable) extent that that Plan can be inferred from Cartel actions and their consequences (see below), can be a significant aid in making profitable investment decisions.
Asking key questions which arise from market or economic developments which appear to be rationally inexplicable, often reveals important aspects of that Game Plan.
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Thursday, September 03, 2009
American Monetary Institute 2009 Conference: “We Shall Prevail” / Politics / Global Financial System
By: Richard_C_Cook
The world’s most important gathering of monetary reformers takes place each year in Chicago at the American Monetary Institute’s annual conference. This year’s event takes place September 24-27 at Roosevelt University. Chairing the conference is Stephen Zarlenga, AMI director and author of the landmark book “The Lost Science of Money.” For information and the list of speakers, including monetary economist Michael Hudson, see the AMI website at http://www.monetary.org/2009schedule.html. While personal matters will prevent me from appearing on-site, I have sent the following remarks. Segments of my six-part DVD, “Credit as a Public Utility,” will also be shown.