As more and more people begin to acclimate to pseudo block chain currencies and more governments adopt them–the dominance of both banks and Visa/MasterCard as major payment processing platforms will recede. In 2021 Visa’s net revenue was 7.1 billion dollars according to a Barron’s financial report; while MasterCard nabbed more than 18.8 billion. New tech…
Tag: euro
FX in Spotlight As Ankara, Others Push Back.
For many years, Europe has relied on Turkey to help stem the tide of migrants due to its strategic geographic location. However, now the nation of 82 million people has become an item in geopolitics over the past five years, asserting itself with a new found vigor and conviction. Turkey has become a key player…
Lead by Italy, Southern European States Strain EU Pact in Uncertain Times
When Italy agreed to 65 billion dollars in austerity measures prescribed by the European Union, the result had a crushing effect on the populace. It is largely believed that financial and economic indiscretions in Europe’s southern economies contributed had to the crises. As the EU’s third largest economy, Italy was among those foremost nations being…
Row Over ECO Currency Reveals External Controls
The latest developments coming out of Africa further solidifies the notion that the currency tides are turning. It was only a few decades ago that the U.S. Dollar and Oil/Dollar reigned supreme, despite its lack of actual intrinsic value. It is important to note, that in 1971 when former U.S. President Richard M. Nixon un-pegged…
Brexit: Escaping the Post Colonial Immigration Boom and the Debt Albatross
As the UK and the EU continue to seek to hammer out a deal for Brexit, the world watches as the flagellation surrounding the move intensify. In a June 2016 vote, the UK determined it would leave the EU as saw that its contributions to the union far outstripped many other nations and the looming…
Slow Death of Fiat Currency Fuels New Gold Rush
It was recently reported that Russia had heavily divested from American debt, with holdings falling by half in April 2018 according to data released by U.S. Treasury Department. The former Cold War Super Power is following suit with China and buying Gold. Readers will also note that China too has heavily divested from American debt…
Angola and The Changing Face of Debt
In early February 2018, Angola signed a 70-million-dollar agreement with the World Bank to develop the nation’s local economy. The loan is specifically targeted at infrastructure construction of medical centers, staff residences and other public works. The African nation has unsuccessfully sought to attract investors and appears to be turning its aspirations inward. Like many…
Everybody Wants to Rule the World: The Currency Race
There is a lot of talk swirling around the reason for the Slave Trade in Libya these days. There is this thought that because of destabilization in the region, insurgents have overrun the region and lawlessness has abounded. There are a lot of horror going on in the region, and we have only seen a…
Lela Winston 