Thursday , 25 July 2024

Banking

What Are Non-fungible Tokens (NFTs)?

NFT stands for “non-fungible token” and hundreds of millions of NFTs are bought and sold each week. Last March, for example, an NFT of a picture on the internet so for $69M on the internet so just what is an non-fungible token?

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Continued M2 Contraction Could Devastate the Markets

The economy and stock market have been built on massive stimulus and liquidity from a rapidly expanding money supply. With M2 growth decelerating last month, the stock market looked in trouble. Now that it has become a contraction, the effect could be very profound.

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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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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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The World’s Biggest Private Tax Havens

When the world’s ultra-wealthy look for tax havens to shield income and wealth from their domestic governments, where do they turn? Here are the world’s top 20 tax havens, as ranked by the 2020 Financial Secrecy Index.

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The Biggest Ponzi Schemes EVER

Ponzi schemes are a type of financial fraud that lures investors by promising abnormally high returns. To help you learn more about these sophisticated crimes, this infographic examines some of the biggest Ponzi schemes in modern history. The scheme is named after Charles Ponzi, an Italian who became infamous in the 1920s for claiming he could double his clients’ money within …

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