‘With the current world bank system having been established a while ago, time has come for new financial institutions to be developed globally, South Africa’s President Zuma told RT. BRICS and its New Development Bank is one of such alternatives, he said. “We’ve had these old banks that have been established many years back. The […]

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U.S. Hegemony and Dollar Threatened By New Chinese Bank – Chinese Success in Attracting Major Western Countries to New Bank Marks Beginning of New Era – Diverse members include UK, Israel, Germany, Australia and Russia and Iran – Demonstrates the

Podcast: Play in new window | Download With massive currency volatility & a big jump in gold & silver in the wake of the FOMC statement, Alasdair Macleod joins the show this week discussing:   Massive moves in the dollar are justified, as The Federal

Podcast: Play in new window | Download With massive currency volatility & a big jump in gold & silver in the wake of the FOMC statement, Alasdair Macleod joins the show this week discussing:   Massive moves in the dollar are justified, as The Federal

Gold Surges – Fed Loses “Patience” and Signals Loose Monetary Policies to Continue – Gold rose over 2% – Fed signals ultra loose monetary policies to continue – Fed dampens expectation of a rate hike in June – Yellen no

Currency Wars Deepen – IMF Concedes End to Dollar Hegemony – Dollar has declined as reserve currency over past decade from 70% of global reserves to 61% – Chinese yuan is growing in stature as international currency – IMF deputy