29 Clean Turning to the banks for help in times of trouble… The world’s economic crisis has forced many countries to turn to the banks for help. In this week’s episode, we talk to some of the people behind the emerging global financial crisis recovery. Free View in iTunes
30 Clean The next financial crisis or tailspin? Many countries are re-evaluating their relations with the International Monetary Fund, and with the U.S. and the European Union in particular.
Will the U.S. and European economies be ready for the worst? And if so, what will it take to get us out of this mess? In this week’s episode, we talk to Christine Lagarde, President of the IMF. Free View in iTunes
31 Clean Does this sound familiar? The specter of a looming global financial crisis haunts the political and economic landscape. The global financial crisis has many causes, but one of the most serious issues is the lack of investment and high levels of debt.
Christine Lagarde, Managing Director of the IMF, has a prescription for our economic and financial woes. Her speech is embedded below. Christine Lagarde, Managing Director of the IMF Free View in iTunes
32 Clean The emerging currency crisis and the U.S. Dollar Being the largest and most liquid financial market in the world, the stock market has always attracted a great deal of speculative and manipulative activity. In the realm of international finance, this kind of activity has a bad rep; and with the U.S. Dollar being what it is today, any time a currency is being called upon to answer the speculative and manipulative pressure, it always seems to attract speculators and/or manipulate the market. In this case, the IMF seems to be in a similar boat. Their latest Financial Stability Report is riddled with numerous instances of speculative and manipulative activity.
I say “in a similar boat” as in “in a currency which is being demanded as a backup to the U.S. Dollar” The fact is, the U.S. Dollar is not going anywhere anytime soon. The Communist China’s currency controls 90% of the global currency market, and the U.S. Dollar is not going anywhere soon either. This is bad for the dollar, and good for the U.S. but bad for the currencies markets as a whole. I say “in a currency which is being demanded as a backup to the U.S. Dollar” as the U.S. Dollar is not going anywhere any time soon. The Chinese Communist Party has always maintained a high currency, and this will continue no end. If the U.S. Dollar ever approaches parity with the Chinese Yuan, it could very well become very hard for the U.S. to be self sufficient.
I say “in a currency which is being demanded as a backup to the U.S. Dollar” as the U.S. Dollar is not going anywhere anytime soon. People are realizing that the U.S. is no longer a place for the wealthy to relocate.