Banking

Over the past few years, there have been many rumors about a coming global currency, but at times it has been difficult to pin down evidence that plans for such a currency are actually in the works but not anymore. A shocking new report by the IMF is proposing just that - a global currency beyond national control! Words: 820

This article relates to a recent dinner I had with an European Central Bank [ECB] "executive" during which it was expressed/revealed (some might say, confirmed) that there is an on-going global conspiracy by Central Bankers to overthrow democracy and take over the world so to speak in what many refer to as a New World Order (NWO). My first reaction was that what he had to say was outlandish but, upon reflection, I think, in spite of the humorous circumstances surrounding the meeting, what he had to say was of considerable merit. Read on and express your own views in the Comment Section at the end of the article.

...An offer of employment from the European Central Bank has inspired me to put down the bottle, battle the delirium tremens (DTs), and put pen to paper, (or, I guess, finger to keyboard) to expose a shocking and effective coup d’état that is overwhelming our global governments, our global economy and our way of life. Please consider my commentary extremely confidential and don't share it with anyone, particularly with anyone under 30. Read on. You'll understand why.

A 98 year old lady (yes, 98!) actually wrote the following letter to her bank. The bank manager thought it amusing enough to have it published in the local newspaper and we thank him most sincerely for doing so. Perhaps it is something you should require from your bank as well.

Islamic Finance doesn't have all the answers but if we're going to improve the systems we have, it's important to understand how other systems work — especially one that has been around for a cool 1,300 years, and is now a sector holding $3.2 trillion in global assets.

One of the 5 main purposes of the meeting in Davos is to discern and implement new ways to convince the public that giving a perpetual and eternal supply of money to the largest employers in the world - governments, the banking industry and the defense industry - is the path to financial salvation.

In the unlikely case the U.S. defaults on its debt, the consequences will be far-reaching. Here are 5 ways a U.S. debt default would impact your wallet.

Hyperinflation is not an unusual phenomenon. 33 countries have experienced hyperinflation over the last 100 years of which no less than 22 have experienced it in the past 25 years and 4 in the past 10 years. The United States is one of the few countries to have experienced two currency collapses during its history (1812-1814 and 1861-1865). Could it happen again?

There is a difference between inflation and hyperinflation and there is no gradual path from one to the other. To wind up with true hyperinflation, some very bad things have to happen. The government has to completely lose control the populace has to completely lose faith in the system or both at the same time. Are we there yet? Let's take a look.

I am on assignment at the World Economic Forum in Davos, Switzerland. Unfortunately my previous commentaries irked the organizers so profoundly that I was not allowed the intimate access usually accorded friendly members of the media. No matter, I am staying at a pleasant bed and breakfast about an hour and half outside of Davos....[But I digress. Back to the Forum.] Words: 2369