Why Our Legal System Is Collapsing
[ad_1] QUESTION: Your curiosity has traveled down so many paths, and you are quite unique in your diverse knowledge and experience. I am curious myself about your comment that our legal system has crumbled. As a legal scholar among your many talents, you mentioned that we should have taken the advice of Ben Franklin in […]
China’s shadow-banking industry threatens its financial system
[ad_1] Shares in Xinhua Trust, a Chinese shadow lender, are selling for rock-bottom prices. The outfit went bankrupt in May, becoming the first Chinese trust to fall in more than two decades. Since then chunks of the firm have been put up for sale on Taobao, an online e-commerce platform, at a 30% discount. Its […]
The world’s trading system needs to ditch its paper trail
[ad_1] Chris Southworth is secretary general of the International Chamber of Commerce, United Kingdom We think of the world today as a digital one. But right now the global trading system is suffocating under a mountain of billions of paper documents. It doesn’t need to be that way. A recent Trade Barometer survey by Santander […]
The financial system is slipping into state control
[ad_1] There exists a centuries-old and fathoms-deep relationship between finance and the state. The great banking houses, such as the Medicis of Florence, were lenders of last resort to rulers at risk of being overthrown. Financiers had to avoid backing losers, who would be unable to repay debts. Now it is banks that threaten to […]
More and more Americans are gaming the deposit-insurance system
[ad_1] Imagine you are the dealer at a vast card table. There are 3,000 players, each of whom is holding a different number of cards. Some have thousands; others a handful. Each will hold onto some cards and return the rest to you. Your job is to reshuffle the deck and deal it again such […]
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
[ad_1] A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg | Bloomberg | Getty Images Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists […]
Long-awaited Fed digital payment system to launch in July
[ad_1] The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve’s digital payments system, which it promises will help speed up the way money moves, will debut in July. FedNow, as it will be known, will create “a leading-edge payments system that is resilient, adaptive, and accessible,” […]
What does Silicon Valley Bank’s collapse mean for the financial system?
[ad_1] Two ways. Gradually, then suddenly. That is how Silicon Valley Bank (svb), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position deteriorated over several years. But just two days elapsed between the San Francisco-based bank’s announcement on March 8th that it was seeking to raise $2.5bn to plug […]
Interview: Neocons Need War Because Monetary System Collapsing
[ad_1] Watch the video above or click here for the latest interview with USAWatchdog. Commentary from Greg Hunter: Legendary financial and geopolitical cycle analyst Martin Armstrong said at the end of last year the U.S. is being set up for a “nightmare fall.” Train derailments and political problems are spinning out of control, but the […]
An Apostate Indicts Our Educational System
[ad_1] Michel Gibson was on the road to a career in the academic world. He was about to begin a Ph.D. program in philosophy at Oxford, when he realized that a professorship wouldn’t give him the freedom for deep, independent thinking and writing he longed for. He began to think deeply and independently about what […]