World Bank

East Vs. West Division Is About The Dollar - Not Nuclear War

The narrative of a coming conflict between the East and the West has been boiling steadily as the U.S. election nears its end. Even the mainstream media is insinuating the potential for shots fired. Some believe the results of the election will determine the odds of war. There is a different position. It seems the rhetoric of East vs. West and nuclear exchange is being exploited as a distraction away from a different but almost equally catastrophic end game - the death of the U.S. dollar as the world reserve currency.

Standard Chartered Becomes Frst Commercial Issuer Of SDR Bonds In China

On August 31, in what was dubbed a "historic event", the World Bank became the first issuer of bonds denominated in SDR and settled in yuan when it sold 500 million SDR units worth of bonds in China. Then, overnight, in yet another historic event, Standard Chartered Bank said it has obtained approval from the PBOC to be the first commercial issuer of bonds denominated in SDRs in China’s interbank bond market.

Do You Believe In QE Miracles?

"This is a very artificial market," warns Allianz' Mohammed El-Erian, and while markets are expecting an ever increasing pace of central bank buying of assets, their policies are no longer working...

Globalization Is Done

The end of growth exposes the stupidity and ignorance of all but (and even that’s a maybe) a precious few (of our) ‘leaders’. We are transcending into an entirely different stage of our lives, our economies, our societies. Growth is gone, it went out the window long ago only to be replaced with debt. And that’s going to take a lot of getting used to. But there’s nothing that says we couldn’t see it coming.

Preparing For A Resurgence Of Globalism

When the Brexit vote occurred, we suggested a dialogue would be created in mainstream media painting populism as responsible for numerous economic political and military difficulties. Gradually, globalism would be suggested as the remedy for populism. That process has begun and the IMF/World bank meetings are leading the way...

Frontrunning: October 3

  • Donald Trump’s Tax Numbers Sharpen Focus on Treatment of Losses (WSJ)
  • Qatari funds nurse €1bn loss on Deutsche Bank stake (Telegraph)
  • Colombian Voters Reject Peace Deal With FARC Rebels (WSJ)
  • Hungarians vote to reject migrant quotas, but turnout too low to be valid (Reuters)
  • Clinton expected to hit Wells Fargo in speech on 'bad corporate actors' (Reuters)