James Meadway , Jan 6, 2023. BlackRock thinks inflation will come down only if central banks ‘crush’ economies into a severe recession
The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse
The EU Council formalised its position on the European digital identity at the Telecom Council meeting on Tuesday (6 December).
The European digital identity is intended to create a public version of digital wallets in each member state that can be used to identify, authenticate or verify certain aspects such as age in any other EU country.
These wallets will take the form of apps for smartphones. In the digital sphere, the EU’s ambition is to compete with the identification systems currently offered by Big Tech companies like Amazon, Google and Facebook.
“We are looking at a massive advancement in how people use their identity and credentials in everyday contact with both public and private entities, and in how they use digital services,” said Ivan Bartos, Czech Deputy Prime minister for digitalisation.
A currency war has been declared, ensuring that the U.S. dollar, Euro, Yen and many other state currencies are linked in a suicide pact. Printing money and endlessly expanding debt are policies that will erode the underlying value of every dollar in people’s wallets, as well as digital funds in their bank accounts. This new war operates in the shadows of the public’s ignorance, slowly undermining social and economic stability through inflation and other consequences of central control. As the Federal Reserve leads the rest of the world’s central banks down the rabbit hole, the vortex it’s creating will affect everyone in the globalized economy
by Philip S Golub
a slow shift towards a tripolar world monetary system no longer exclusively centred in the West
Despite worries over the end of the Chinese economic miracle and harder times because of the aftershocks of the 2008 financial crisis, global rebalancing is happening — and quickly. The International Monetary Fund's executive board announced on 30 November that the Chinese currency, the renminbi (RMB) or yuan, would soon be included in the basket of currencies that make up its Special Drawing Rights (SDR), beside the US dollar, the euro, the British pound and the yen. The decision recognised (...)
About: "The Forum for Stable Currencies was co-founded by Lord Sudeley and Sabine K McNeill. It was the result of Lord Sudeley trying to get justice for two incidents in his family of unique notoriety: Lloyd’s bank had made his great-grandfather bankrupt
The single day record for gross-value settlement, set on 19 Mar 2008, stands at US$ 10.3 trillion, for 1,113,464 payment instructions. A key feature of CLS is the settlement of gross-value instructions with multi-lateral net funding. On average, CLS netti
"Den lokalt skapade valutan stannar i den lokala ekonomin . Där finns den alltid tillgänglig. Vanliga pengar däremot, som sätts in på bank, återinvesteras mycket sällan i det område de kommer från."
Elmer "Once you become part of senior management," he says, "and gain international experience, as I did, then you are part of the inner circle – and things become much clearer. You are part of the plot. You know what the real products and service are, an
Början av december, 2010. "På EU:s toppmöte den 28 oktober uppges Tysklands förbundskansler Angela Merkel ha flaggat för att Tyskland har börjat fundera på att överge EMU. ”Om det här är den klubb som euron verkar utvecklas till kanske Tyskland borde dra
July 21, 2011: "An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided m