The past few months has been a wild ride for Banks, Stock Brokers, Lenders and Borrowers, but the next few months could be even wilder. How can it get any wilder you ask? The unwinding of the international currency trades has really just begun. International borrowing is about to cause the collapse, or near collapse […]
What is the International Monetery Fund (IMF), how does it work and who does it benefit? These are the questons discussed in this podcast. Additionally we will investigate another type of currency called “Special Drawing Rights” and how they work.
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When you think “World Bank” you might envision a bank so large that is can provide service to the entire world, the bank of all banks so to speak. In a matter of speaking this may in fact be true of the World Bank as it serves as a bank intent on servicing loans to […]
The World Trade Organization is in charge of regulating trade and tariffs on a worldwide basis. As the replacement for the earlier General Agreement on Tariffs and Trade (GATT) it regulates the economies of the world. Unlike the earlier GATT agreement however it is very much focused on Free Trade and the increased power of […]
When you put your money into a bank, How is it used, what do banks do with it? What can they do with it? Thanks to the magic of Fractional Reserve Banking the answer is…almost anything that they want. What exactly is Fractional Reserve Banking? Well, the short answer is keeping only a fraction of […]
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