Ben Dyson explains how banks make 92% of their investments in non-productive businesses, like speculative property bubbles, which has led to the massive unemployment that we see and repetitive boom and bust cycles. === Uploaded by PositiveMoneyUK January 10, 2012 Ben Dyson gives clear answers to 3 Key Questions: 1) Who creates money? 2) How much money do they create? …
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India abandons US dollar to purchase Iranian oil
Most oil sales throughout the world are denominated in United States dollars (USD). According to proponents of the petrodollar warfare hypothesis, because most countries rely on oil imports, they are forced to maintain large stockpiles of dollars in order to continue imports. This creates a consistent demand for USDs and upwards pressure on the USD's value, regardless of economic conditions …
Read More »A new Reserve currency to challenge the dollar – What’s really going on in The Straits of Hormuz. By David Malone
A little over a year ago on 1st November 2010 I wrote what I called “…a little bit of scurrilous speculation.” In it I speculated that an unintended consequence of QE had been to spur several countries to think very seriously of how they could replace the dollar as their settlement currency for international deals. The Settlement Currency just means the currency …
Read More »The Decline of the American Empire By Al Jazeera
The US has the world's biggest economy, the most influential culture, and the most potent military machine, with a budget that equals that of all other nations combined. It is the only power with a global project defended and supported by more aircraft carriers, Fortune 500 companies, and more successful media-tainment conglomerates than any other. But the last decade has …
Read More »The Book of Jobs By Joseph E. Stiglitz
Forget monetary policy. Re-examining the cause of the Great Depression—the revolution in agriculture that threw millions out of work—the author argues that the U.S. is now facing and must manage a similar shift in the “real” economy, from industry to service, or risk a tragic replay of 80 years ago. It has now been almost five years since the bursting …
Read More »Islamic finance: Alleviating poverty in Sri Lanka
In order to solve the issue of poverty in Sri Lanka, MUATH MUBARAK highlights the initiatives that have been taken by Islamic finance institutions in Sri Lanka. Sri Lanka has been heavily engaged in solving the civil armed violation in the country for the last three decades and the government was finally able to put a full stop to the conflict two years ago. This …
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