What did the world look like under a gold standard, how did it work, and why did it fail? The Gold Standard of 1871-1914: Gold provided an internationally valid unit of account and medium of payment. The outstanding feature of the period was the unity of the economic world, which has not been achieved at […]
Kenya is Dropping Its Colonial Shackles and Opening Its Borders to the African Continent
Introduction Kenya, a country rich in cultural diversity and natural beauty, has a history deeply influenced by colonial rule. For many years, the remnants of its colonial past shaped its policies and relationships. However, in recent times, Kenya has taken significant steps towards embracing its African identity and forging closer ties with its neighbors. […]
Russia Blocks the Black Sea: Grain Deal Canceled
Outline: Introduction The Black Sea region and its significance in the grain market Russia’s decision to block the Black Sea Impact on global grain trade Economic Consequences for Russia International responses and implications Environmental concerns Potential solutions and future outlook Conclusion FAQs Article: Introduction In recent news, Russia’s decision to block the Black Sea has […]
China Sells U.S. Debt to Buy Gold replacing dollars
Introduction China’s decision to sell U.S. debt and invest in gold has generated significant interest and raised numerous questions about the potential implications for both countries and the global economy. This article explores the motivations behind China’s actions, the impact on the U.S. economy, and the potential consequences of this strategic shift. By examining the […]
The BRICs Go For Gold
Gold has always been a symbol of wealth and prosperity, and over the years, it has played a significant role in the global economy. In recent times, the BRIC countries, comprising Brazil, Russia, India, and China, have emerged as key players in the gold market. These countries are not only significant consumers of gold but […]
This is HUGE: #USD #YUAN #IMF
The International Monetary Fund (IMF) has hinted that it may accept the Chinese Yuan as a currency for countries to settle their obligations with the IMF following Argentina’s recent debt repayment in yuan. Outline: Introduction Background on the International Monetary Fund (IMF) The Role of Currencies in International Transactions Argentina’s Debt Repayment in Yuan The […]
Ripple Wins Verdict: XRP Declared ‘Not a Security’.
Introduction In a landmark decision, Ripple, the San Francisco-based technology company specialising in digital payments, has emerged victorious as XRP, its native cryptocurrency, has been declared not a security by the court. This ruling has significant implications for Ripple and the broader cryptocurrency industry. In this article, we will delve into the details of the […]