Banking

The USD’s days of unchallenged dominance are quickly coming to an end - something even the Fed Chairman openly admits - which means we are likely on the cusp of a historic financial earthquake that could alter that direction of the U.S. forever and mark the biggest economic event of our lifetimes.

...It was announced on Friday that the Moscow Exchange would be resuming trading at least to some degree as of the market open on Monday, after having been shuttered on February 25 following the invasion of Ukraine.

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?

 According to calculations by the Kiel Institute, sanctions against the following sectors would most adversely affect Russia's GDP:

There are 862 individual SWIFT codes of Russian origin, belonging to somewhere around 300 financial institutions out of a total in the bank network of 11,000 and removing them from the network would prevent those banks from using the network to facilitate transfers.

Since COVID-19 started its spread around the world in 2020...global governments have had to increase their expenditures to deal with higher healthcare costs, unemployment, food insecurity, and to help businesses to survive. Countries have taken on new debt to provide financial support for these measures, which has resulted in the highest global debt levels in half a century...[Below is a] debt-to-GDP data by country from the most recent World Economic Outlook report by the IMF.

This infographic shows how Fed tapering works, and its impact on the economy.

2021 was a most depressing year so this article-of-articles should put a smile on your face.

How often do you come across an individual who is uniquely qualified, and sufficiently talented, to present insights into the central banking systems of the world and other financial matters in such a way that it puts a broad smile on your face? David Hague is one such man. Hague's reports as to what is happening in the world of finance today makes for the most insightful, intriguing and amusing "take" on the world of funny money. Enjoy the summary of his "articles" below.

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.