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Nalezeno "Monetary System": 43

IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance


Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of the world’s current monetary system,...

Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’


The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.” Bristow says the world is currently “battling” on how to “position investments on the back of...

CBDCs – Might Be an Alternative to the Current Monetary System


In today’s world, where everything is changing at high speed, it is a thoughtful question of what the future of cash or the current monetary system is. Because cryptocurrency and digital assets are conquering the cashless financial market constantly and at a very rapid pace. The phenomena...

Carl Watner: The Tragedy of Political Government


“What is tragic about political government?” you might ask. Let us return to that question once we have examined the nature of political government and the State. In order to distinguish between government and other institutions in society we must look at the ways human behavior can...

Carl Menger: The Nature and Origin of Money


In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most...

Federal Reserve Considers Creating a Separate Entity for Cash Injections


While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank...

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