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Who Owns the American Dollar?
I have never heard anyone question who owns the U.S. dollar as it seems obvious; the state owns and manages it. Not so quick: It belongs neither to the government of the United States nor, being a republic, to its people. The actual dollar has...
Is the U.S. Dollar Finished?
A remarkable consortium of six nations gathered last year in the Russian city of Yekaterinburg. Its purpose was to plan a strategy to replace the U.S. dollar as the world’s reserve currency. The Shanghai Corporation Organisation may sound innocuous...
Europe, The Giant Awakes
In a world of conflicting interests it is hardly surprising that we are bewildered by contradictory information. Nations opposed to the euro-zone, such as Britain and the United States, are desperate to talk up their own currencies: Being economical...
U.S. The Crossroads of History
America’s superpower status may be tested and found wanting if, urged on by Israel it opts for what it sees as a pre-emptive strike against Iran. The argument that the Persian nation will acquire a nuclear potential if not checked is a red herring;...
Euro collapses to record four-year low
As the European economy suffers from heavy financial burdens and Germany moved to ban naked short-selling of shares, the Euro has collapsed to a new four-year low against the US dollar in international currency markets. The Euro collapsed by 1.7 per cent...
Cash for Wall Street Crash
Thursday 6th May, the New York Stock Exchange plummets 1,000 points; a historical first. By the Monday it recovers and a further 400 points are added. Spikes in graphs don’t get any sharper. In four days $3.7 trillion has disappeared into a black hole....
Debt Burden Continues to Cripple the South
Between 1970 and 2002, the continent of Africa received some US$540bn in loans. However, a United Nations Conference on Trade and Development (UNCTAD) study, Debt Sustainability: Oasis or Mirage? revealed that despite repaying some US$550bn in principal...
