Tag Archives: dollar

The Billionaire World and Karl Marx: A Marxist version of Captalism has legalized greed, theft and lack of accountability

TThe Billionaire Class and Robbery Capitalism: he Billionaire World and Karl Marx: Number 1 on Amazon: The Billionaire World. How Marxism serves the Elite. By Hanne Nabintu Herland.

  The current day globalist capitalism that became dominant since the mid-1980s, could not have been successful without the Marxist weakening and breaking down of the moral standards in the West. To build the economy without a strong ethical foundation has legalized greed, theft and lack of accountability among the ruling elites. The Billionaire World and Karl Marx: The socialist …

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The Economic Situation of the West: The highly successful historic capitalist system is replaced by an entirely different economy today

The Economic Situation of the West: Why the International Dollar System Is Breaking Up GB

  Once upon a time America had a capitalist economy. Bank deposits were used for loans that expanded productive ability. America produced its own goods and grew its own food. America’s currency was backed by gold and inflation was nonexistent. New technology brought into play by new investment improved the productivity of labor, and living standards rose. Profits were plowed …

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American economy great only for equity owners

American economy great only for equity owners: Ill

  We have been hearing about the great economy for a decade while the labor force participation rate declined, real family incomes stagnated, and debt burdens rose. The American economy has been great only for large equity owners whose stock ownership benefitted from the trillions of dollars the Fed poured into financial markets and from buy-backs by corporations of their …

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Digital Currency: Big Brother will be in your wallet every hour and every day

Digital Currency: Big Brother will be in your wallet every hour or every day. WashingtonNote.

  Digital Currency: The new digital currency will make trackable every transfer of money to family, charities, friends, clients. The nation’s central banks who issue the virtual money will have total control over how you spend it. Big Brother will, in other words, control your wallet every hour of every day.  “You will not be able to buy a stick …

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Economic Ethics: Trust as ethical principle defines the difference between constructive and self-destructive Capitalism

American economy great only for equity owners: Ill

  A study of requirements for the optimal functioning of Capitalism quickly uncovers the need for a strong focus on trust. This applies to economics on the micro level as well as the macro perspective. Trust is one of the ethical principles that make the difference between constructive and self-destructive operation in profit-driven financial businesses. In cultures where social development …

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The trend of cutting dependence on the US dollar is gaining steam across the globe

Verdien av tillit: Cutting dependence on the US dollar: cutting dependence on the US dollar and switching to national means of payment in international settlements is gaining steam, SputnikGlobe

  As the dollar declines, so does Washington’s power. Cutting dependence on the US dollar: The De-Dollarization discussion suffers from holdover thinking that a reserve currency is needed.  No reserve currency is needed.  Countries can settle their trade balances in their own currencies or contracts can specify the currencies of trade transactions.   Countries with low inflation and low debt will have stronger …

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The Global Financial Revolution and the End of the PetroDollar hegemony

The Global Financial Revolution and the End of the PetroDollar hegemony

  No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United States.” Foreign governments, needing …

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