The recent news of depositors withdrawing $60 billion from three US banks has caused a stir in the financial world. This unprecedented move has raised concerns about the stability of these banks, and investors are looking for answers. In this article, we will take a closer look at what happened, why it happened, and what […]
The US dollar has been the world’s dominant currency for decades. Its position has been reinforced by the power and influence of the United States, its economy, and its policies. However, recent comments by Janet Yellen, the US Treasury Secretary, have raised questions about the sustainability of this status. Yellen has warned that the use […]
China has recently launched a new policy that targets the reserve status of the US dollar by promoting its own currency, the yuan. The policy is aimed at reducing China’s reliance on the dollar, which is currently the dominant global currency used in international trade, investments, and foreign exchange reserves. Introduction China’s new yuan policy […]
Cryptocurrency is not a new concept to the world of finance. However, a new form of digital currency is currently being developed by the International Monetary Fund (IMF) that has caught the attention of the global community. Known as the Universal Monetary Unit (UMU), this central bank digital currency (CBDC) was recently unveiled at the […]
The world of currencies is always changing, and the coming years are no exception. With the rise of new technologies and changing economic landscapes, we can expect to see a number of developments in the realm of currency. In this article, we will explore four key trends that are likely to shape the future of […]
China’s growing economic influence in the world is not a secret. The country has been making significant investments in developing countries and emerging markets in the last few years. The latest development is China’s offer of $10 billion to the Taliban in Afghanistan for access to lithium deposits. This move has caused concern and controversy […]
The idea of a one-world digital currency replacing traditional currencies has been a topic of discussion for some time. However, recent developments suggest that this concept may not be as far-fetched as it once seemed. The Bank for International Settlements (BIS), often described as the central bank of central banks, is reportedly working on a […]
The International Monetary Fund (IMF) has announced a new global currency called the “Universal Monetary Unit” (UMU) which will be used for all international transactions. This announcement is significant as it marks a shift towards a new global financial system. In this article, we will explore the details of the UMU and its potential impact […]
Gold has surged almost 10% in the past month, surpassing the $2,000 mark for the first time in over a year. While this is good news for gold investors, it should be seen as a warning for everyone else, as gold prices typically rise during times of trouble. Recently, the banking crisis and growing fears […]
The Tony Blair Institute for Global Change recently proposed the implementation of a Universal Basic Income (UBI) scheme based on the upcoming UK’s Central Bank Digital Currency (CBDC) network. The idea behind this proposal is to provide financial support to the citizens of the UK, especially during times of economic uncertainty. However, this proposal is […]
