The Federal Reserve, the central bank of the United States, is attempting to boost interest rates in an effort to stem the unrestrained rate of price inflation. Jerome Powell, the chairman of the Federal Reserve, recently announced the largest incremental rate rise...
Almost exactly a decade ago, Mario Draghi, then the president of the European Central Bank, promised to do “whatever it takes” to save the euro from destruction. At the time, Greece was on the verge of collapse; Italy, the region’s third-largest economy was drowning...
Times sure have changed. When we talk about immigration, we tend to envision vast hordes of impoverished immigrants that are desperate to find a way to cross our southern border. But did you know that large numbers of Americans are actually going in the opposite...
Even though there have been so many problems with the economy over the last 12 months, many Americans continued to believe that everything would eventually be okay because stock prices remained stubbornly high. But now that stock prices are crashing, the cold, harsh...
In mid-2007 the Bank for International Settlements (The central bank of central banks) released a statement predicting an impending “Great Depression” caused by a credit market implosion. That same year the International Monetary Fund also published warnings of...
The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
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