Unless you’ve had the misfortune of living in Zimbabwe or Argentina during a currency crisis, your bread and milk costs are usually pretty stable. But I believe we’re standing on a precipice for this current system of money.
Italy wants to bail out BMP with taxpayer money. That’s the standard playbook which governments used in 2008. But the rules have changed.
When it comes to converting currency, I try to avoid the banks at every point I can. Fortunately, in today’s world we can use peer-to-peer currency exchanges to beat the banks.
The International Monetary Fund (IMF) officially added the Chinese yuan to its basket of currencies comprising its SDR. This has enormous long-term implications for the US dollar...
Greece isn’t a concern and markets remain in a post European QE glow. But if Syzria pushes ahead with its plans to reduce Greece’s debt load, expect volatility to increase.
Germany wants its gold back. Suggesting that Germany has serious doubts about the ability of the euro to hold its value.