Posts filed under “Politics”
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The U.S. dollar is still king of global currencies. The dollar made up 60.9 percent of foreign exchange reserves and was used in 42.1 percent of global payments. Some countries, though, contest how much influence the U.S. dollar really has.
The term “exorbitant privilege,” coined by former French Finance Minister and later President Valery Giscard d’Estaing, refers to the benefits the U.S. receives as a result of its currency being the chosen reserve currency of the world. The term also reflects the discomfort some nations feel toward this financial favor.
What other options does the world have? Luckily, we have a chart.
Source: Societe Generale Albert Edwards, the insightful but not especially upbeat analyst at Societe Generale SA, writes to warn: The sequence of events which might flow from a Yes vote may be as unpredictable and as uncontrollable as those of the late 1980s in Eastern Europe, which led to the ultimate demise of the…Read More
9/11 Commission Chairs, Congressmen and Intelligence Officers All Call for Declassification The 9/11 Commission Co-Chairs – Lee Hamilton and Thomas Kean – have called for the 28-page section of the 9/11 Commission Report which is classified to be declassified. Kean said that 60-70% of what was classified shouldn’t have been classified in the first place: Congressman Thomas…Read More
All of the Chairs of the 9/11 Commission and the Congressional Investigation Into 9/11 Say It’s “Implausible” that the 9/11 Hijackers Acted Without Government Backing Congressman Thomas Massie read the 28 classified pages of the Joint Intelligence Committee Inquiry into 9/11 (the joint Senate and House investigation into 9/11) and immediately called for them to be released to…Read More
Why Does the U.S. Support a Country which was FOUNDED With Terrorism … and Is Still the MAIN SOURCE of Islamic Terrorism Today? America Has Sold Its Soul for Oil A U.S. congressman for 6 years, who is now a talking head on MSNBC (Joe Scarborough) says that – even if the Saudi government backed…Read More
This week’s Masters in Business Radio show is on at 10:00 am and 6:00 pm on Bloomberg Radio 1130AM and Siriux XM 119. Our guest is former FDIC chairman Sheila Bair. You can also find at Bairblog. Her book on her time at the FDIC and the financial crisis is Bull by the Horns: Fighting…Read More