Tuesday , 24 May 2022

Banking

28 Countries Have Experienced Hyperinflation In the Last 25 Years (+122K Views)

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?

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Why SWIFT Matters To Russia

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.

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Debt-to-GDP Ratio by Country: The Top 10 Most Indebted Nations

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.

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The World’s BEST Financial Satire – Bar None – Is Right Here (+4K Views)

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.

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Funny munKNEE: What the World’s Central Bankers Are Really Up To (+3K Views)

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.

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