To understand what is happening, let's take a look at the events of 1929 in the U.S. and the world. The chronology of events was as follows. In 1929 there was a collapse of the stock markets, then came the Great depression, it was followed by "foreign exchange" and "trade" war and finally world war II. In 1931, Japan abandoned the gold standard and depreciated its currency by 60 percent against the dollar and 40 percent against the British pound – a vivid example of a trade war.

21-04-2013 admin 3812 0

Student at the University of Massachusetts has denied the findings of two Harvard professors that the high level of debt sharply slower economic growth. It is around this idea are built all the austerity programs in the US and Europe in recent years. Now the proponents of draconian measures may lose their most powerful argument.

19-04-2013 admin 2359 0

Recent US economic data disappointed, particularly the plane of the housing sector. In Germany, considered to be the Prime mover of Europe, economic sentiment just fell.

19-04-2013 admin 2186 0

The US dollar is rapidly losing its status as the world's reserve currency. Five of the ten leading economies of the world, along with several others no longer use the dollar as an intermediate currency when trading. This trend is for the dollar and for all of the United States at risk.

18-04-2013 admin 3319 0

Mainstream media told us that the sale of Cypriot gold for $650 million caused a +3% decline in the gold price.

17-04-2013 admin 2115 0

In the January issue of the GEAB, our team wrote the following: "Among the short-term economic indicators which describe only what occurred in a week, others who are easily manipulated by governments to reflect the need for filing messages, and finally others which no longer have any significance in today's world, economic reality is portrayed, at least very bad, even if disguised, these numbers, which, however, is guided by business, banks and even countries.

13-04-2013 admin 2898 0

The world reserve currency is to Finance international trade and implementation for governments, the functions of the accumulation value. Before the Second world war it was the British pound sterling, but with the sunset of the British Empire, the pound lost its international importance and was supplanted by the dollar. Its appearance it received in the framework of the Bretton woods system of 1944.

13-04-2013 admin 2054 0

The largest tax haven in the Eurozone comes under pressure from the European Union to make concessions in the fiscal sphere, but remains one of the leading financial centers of the world.

12-04-2013 admin 2432 0

Earlier this week the anti-crisis creditors - the IMF, ECB and European Commission had promised Cyprus a 10 billion euros tranche on favourable terms, if you will, of course, the conditions on the "cutting" of deposits. On 3 April, the international monetary Fund has already announced the amount he will give in may – one billion euros for three years.

05-04-2013 admin 2737 0

When the dance called "gun control", America may soon begin a waltz with a different partner, world war III.

04-04-2013 admin 2705 0