Posts tagged as:

global currency

Different Banking Cultures Around the World

April 28, 2010 · 3 comments

in Greece, bailout, banks, capitalism, central banks, credit, currencies, debt, economy, ethics, europe, foreign investment, government, interest rates, international economy, legislation, market reports, news and updates, politics, recession, regulation, risk, sovereign debt, taxes, world order, world reserve currency

If you’re in the U.S., you may be justified in blaming your banking industry (you definitely are), but just make sure that you know you’re talking specifically about U.S. banks.  Not all banks around the world screwed everyone over.
Let me remind you that banking cultures are very different around the world.  They don’t all set [...]

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U.S. Dollar Must Be Replaced As The World’s Reserve Currency: UN (Breaking News)

September 8, 2009 · 7 comments

in USD, currencies, international economy, news and updates, world reserve currency

In a report published Monday, September 7, 2009, the United Nations Conference on Trade and Development acknowledged that the U.S. dollar must be replaced as the world’s reserve currency.
According to this article by Stephen Webster, Heiner Flassbeck, director of the conference, said that the changes currently demanded by the world’s financial systems “rival the scope [...]

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