The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.
Blog Archives
The U.S Dollar to Be ‘Discarded’ by World ( Article)
The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating. The United States “should get...
According to Greenspan no chance for U.S Default, Because we can just can Print more Money (Article)
Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P’s decision to downgrade America’s credit rating. Alan Greenspan “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default” said Greenspan on...