World Bank

From Bush To Trump: Culture, Economy, & War - The Pillars Of The New World Order

The Trump victory fits into this decadent scenario. Are we facing a true revolutionary who intends to rid forever global hegemonic aims, or is he simply a well-thought-out pause, created by the elites to revitalize the economy, arrest the internal discontent in the country, and rebuild the army to resume the march toward global hegemony in 2020?

All Aboard! Trump's Express Train To The Future

Everybody’s talking about the feds’ opportunity to “invest” free money. It makes us nervous; we know how hard it is to get a good return on investment – especially when you don’t know what you’re doing.

Gold Price Skyrockets In India After Currency Ban

"As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India - and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours."

In Surprising Move China Replaces Finance Minister, Ending Hope For Reform

In a stark and unexpected development, one which could have significant consequences for the future of China's economic reform push, on Monday Beijing unexpectedly removed Lou Jiwei, its highest-profile finance minister in years. His removal raises questions about whether reform-minded officials are being sidelined as Beijing prioritizes short-term growth over major overhauls.

The Story Of Durable Goods Is The Story Of The (Global) Economy

Here’s the part that economists, policymakers, and the media (all three largely indistinguishable from each other) miss – lack of true growth is contraction, and the worst kind because it isn’t recession contraction it is depression contraction. In the former, all is forgotten after a time; in the latter where even occasional positive numbers can be and often are highly deceptive, time is the biggest problem.

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.