Whether you like it or not, central bank digital currencies (CBDCs) are coming. That’s the message in a recent tech column in the Wall Street Journal. A similar tone can be found coming from organizations like the World Economic Forum, the International Monetary Fund,...
Last week, the Justice Department announced criminal charges against Anatoly Legkodymov for violating anti‐money laundering laws while operating Bitzlato, an off‐shore crypto exchange alleged to have processed over $700 million in illicit funds over several years....
Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...
Ukraine’s Rada approved a draft budget for 2023 in a closed session. The spending plan has a $30 billion deficit which Kiev largely expects to be covered by Washington. The White House has sent Ukraine tens of billions in aid since Russia invaded in February.
Speaking at the Eisenhower Executive Office Building, President Joe Biden on Tuesday morning declared inflation to be his top “domestic priority” and insisted that inflation would not be a problem were it not for covid and the war in Ukraine. There was little room,...
Ukraine is seeking tens of billions of dollars in financial aid from the International Monetary Fund’s Covid relief program. Kiev says it is in dire economic straits due to the Russian invasion, while the World Bank estimates the country’s GDP will drop by a staggering 45% in 2022.
The escalation of tension in Ukraine has reminded us of something many investors seemed to have forgotten: geopolitical risk. Sanctions and the inevitable drop in trade have proven to generate a significant negative impact on the different economies involved. We know...
In the debate over whether or not China will soon rise to challenge the United States as the world’s hegemon, it is often assumed that states with large aggregate economies are necessarily more militarily powerful ones. This stems from decades-old methods that remain...
The United States and much of the world may have initiated a business shutdown—resulting in tens of millions of unemployed domestically, along with all of unemployment's other negative side effects—for no statistically measurable benefit in tamping down COVID-19. (See...
“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from...
On August 11, 2019, the presidential ticket of Alberto Fernández and Cristina Fernández de Kirchner pulled off a major electoral upset against incumbent President Mauricio Marci in the Argentine primary elections. Based on their performance last month, they’ll be able...
How does the IMF really work? Get the real inside scoop in this humorous format: https://www.youtube.com/watch?v=NCypnbJVk8E
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