British businesses and households “need to accept” they are poorer and stop asking for pay hikes or pushing prices higher, says Huw Pill, the Bank of England’s (BoE) Chief Economist. Speaking on a Columbia law school podcast, Pill explained that a game of “pass the parcel” is occurring in the national economy. Here is everything […]
Report: Zimbabwe to introduce a gold-backed digital currency for legal tender
Will Zimbabwe make money great again? It would be ironic after years of having the most devalued currency on the planet. But now it is being reported that Zimbabwe is poised to launch a gold-backed digital currency. These types of reports have popped up from time to time over the years, but here is what […]
#BREAKING: Tucker Carlson leaving Fox News; Don Lemon fired by CNN
Fox News Media announced that it is parting ways with host Tucker Carlson. Here is the full announcement: “NEW YORK — April 24, 2023 — FOX News Media and Tucker Carlson have agreed to part ways. We thank him for his service to the network as a host and prior to that as a contributor. Mr. […]
U.S. banking deposits decline nearly $1 trillion in a year
Commercial bank deposits have plunged since the failures of Silicon Valley Bank and Signature Bank. But what if we told you that bank deposits had been on a steady decline since hitting a peak in April 2022? That’s right. In the last year, bank deposits have decreased by nearly $1 trillion, from a record high […]
De-Dollarization: Bangladesh settles payment to Russia in Chinese yuan
In another case of de-dollarization, Bangladesh settled a loan from Russia in Chinese yuan. According to a new report from the Bloomberg, the Bangladesh government paid a $318 million Russian loan in Chinese yuan to avoid U.S. sanctions. Because of the Western-led sanctions imposed on Russia, it had been almost impossible for Bangladesh to make […]