Category: Economic Collapse

Business as Usual?: World needs to end risky reliance on U.S. dollar. Calls for the world’s central banks to join together in creating their own replacement ‘electronic/digital’ reserve currency. Technology to the rescue.

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Business as Usual?:  World needs to end risky reliance on U.S. dollar. Calls for the world’s central banks to join together in creating their own replacement ‘electronic/digital’ reserve currency. Reuters•August 23, 2019 JACKSON HOLE, Wyo., Aug 23 (Reuters) – Bank of England Governor Mark Carney took aim at […]

Business as Usual?: The Push To Kill Cash in 2020. There is that year again!!! World calls for digital currencies. Governments can’t control you if you carry ‘cash.’

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Business as Usual?:  The Push To Kill Cash in 2020. – Next Up Is Australia. There is that year again!!! World calls for digital currencies. Governments can control you if you carry ‘cash.’ PNW.  August 26, 2019. The supposed coordination of governments and tech companies to create a […]

Saudi Arabia ‘well positioned’ to face uncertainty in global economy – central bank. The Beast is delighted despite what is happening around the world.

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Business as Usual?:  Saudi Arabia ‘well positioned’ to face uncertainty in global economy – central bank. The Beast is delighted despite what is happening around the world. Arabian Business. August 7, 2019 Saudi Arabia’s central bank said on Tuesday that any potential rise in Saudi interbank rates in […]

Business as Usual?: Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation. What do we know about the number Five (5)?

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Business as Usual?:  Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation By David Lawder and Se Young Lee. Reuters•August 23, 2019 WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% […]

Business as Usual?: The recession question we should be asking isn’t ‘when’ but ‘how bad?’ Where’s the bubble going to burst?

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Business as Usual?:  The recession question we should be asking isn’t ‘when’ but ‘how bad?’ Where’s the bubble going to burst? The triggers of previous downturns aren’t entirely the same today, but there is one new near-to-bursting bubble Financial Post. August 15, 2019. Joe Chidley. It’s taken a […]

Business as Usual?: Harvard Economist Warns Hong Kong Could Trigger World Recession

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Business as Usual?: Harvard Economist Warns Hong Kong Could Trigger World Recession Enda Curran. Bloomberg•August 23, 2019 Hong Kong’s rolling political turmoil could prove a tipping point for the world economy, Harvard University economist Carmen Reinhart said. Noting an incidence of shocks that have rattled global growth, including […]