James Meadway , Jan 6, 2023. BlackRock thinks inflation will come down only if central banks ‘crush’ economies into a severe recession
The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse
ICAN and PAX’s latest Don’t Bank on the Bomb Report:“Perilous Profiteering: The companies building nuclear arsenals and their financial backers” exposes the financial institutions making $685 billion available to the nuclear weapon producing companies like Lockheed Martin, Raytheon, Airbus, Northrop Grumman and Leonardo, and shows how divestment is seriously shaking up the industry.
Reuters , By Jemima Kelly | LONDON, Sept 29, 2015
Thirteen top banks, including HSBC and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is working on a framework for using blockchain technology in markets, a spokesman for the firm said on Tuesday.
by Philip S Golub
a slow shift towards a tripolar world monetary system no longer exclusively centred in the West
Despite worries over the end of the Chinese economic miracle and harder times because of the aftershocks of the 2008 financial crisis, global rebalancing is happening — and quickly. The International Monetary Fund's executive board announced on 30 November that the Chinese currency, the renminbi (RMB) or yuan, would soon be included in the basket of currencies that make up its Special Drawing Rights (SDR), beside the US dollar, the euro, the British pound and the yen. The decision recognised (...)
"If the G-20 fails to deliver, is it really possible that we are doomed to repeat the same mistakes with regard to building up vulnerabilities in our financial system? Amazingly, the answer is yes. How can this happen, with so many smart people in governm
Greg Palast intervjews Lamy and Martin Khor in Geneva. "GREG PALAST: But we got our hands on a document you certainly won’t find on the WTO website; something very confidential: a secret demand of the European Union and USA, leaning on emerging nations to