The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America’s first offshore RMB hub, which CBC reports analysts suggest “could double maybe even triple the level of Canadian trade between Canada and China,” impacting the need for Dollars.But that is not the week’s […]
MONEY
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Canada’s Head Central Banker Has A Modest Proposal: “You Should Consider Working For Free”
Nine short months ago, the clever people running the show in Europe suggested a number of measures including “unpaid work for the young and unemployed up to 24 years old, so that companies would have a strong motive to hire young employees”. ‘Unpaid’ work sounded a lot like slavery to us then but it seems […]
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13 European Banks Don’t Have Enough Money To Survive A Financial Crisis
In this Nov. 3, 2011 file photo, activists of the Occupy Frankfurt movement have set up a fire near the Euro sculpture in front of the European Central Bank in Frankfurt, Germany. The European Central Bank said on Sunday that 25 eurozone banks showed a capital shortfall, after a year-long review of finances for 130 […]