From the category archives:
China was the first to open the floor for discussion on the continued viability of the US dollar as the world’s reserve currency a couple of months ago. With good reason, since they are now the largest foreign holder of US debt instruments (that’s the paper money the Fed prints out of thin air). Just [...]
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When you consider all that’s been happening and put it on a short timeline, it’s amazing that we’re still seeing so much coordinated effort internationally. This is great. No one anywhere wants global markets in chaos. It’s a good sign, in a way, that there is so much financial cooperation (at least that public knowledge [...]
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This is an open question to all of you. I haven’t thought about this in a while, but I was recently reminded of it and noticed that we haven’t heard much in the way of updates on the Iranian oil bourse.
The last I heard, a few months ago, was that Iran successfully opened the euro-denominated [...]
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Lately I’ve found a new source of distraction in this sporadically intriguing book by David Rothkopf:
The book is ostensibly about the world’s power elite and the nature of their power, wealth and influence. Sounds like predictable, run-of-the-mill summer reading? It’s not. It’s actually quite a nuanced approach to the subject. Rothkopf [...]
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