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Global Financial System

The BRICS Bank Signals the End of the American Financial Empire and U.S. Dollar Hegemony

Dr. Nasser H. Saidi | Posted 09.19.2014 | World
Dr. Nasser H. Saidi

Establishing the BRICS Bank is a momentous event The July 2014 BRICS (Brazil, Russia, India, China, South Africa) Summit was a momentous event, more ...

Bernie Sanders Applauds Pope For Calling Out 'Cult Of Money'

The Huffington Post | Nick Wing | Posted 05.17.2013 | Politics

Sen. Bernie Sanders (I-Vt.) commended Pope Francis for calling attention to the dangers of the global financial system on Thursday, agreeing with the ...

Most Of The Cash In The Financial System Is Manic-Depressive

The New York Times | AMAR BHIDÉ | Posted 01.04.2012 | Business

Central bankers barely averted a financial panic before Christmas by replacing hundreds of billions of dollars of deposits fleeing European banks. But...

Soros: Global Financial System On Brink Of Collapse

The Huffington Post | Bonnie Kavoussi | Posted 04.12.2012 | Business

Billionaire investor George Soros says that the global financial system is on the brink of collapse. Developed countries are falling into a "defla...

Bonnie Kavoussi

Europe Could Cause U.S. Financial Crisis

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.06.2011 | Business

If European politicians are unable to contain their sovereign debt problems, Wall Street could be on the brink of another financial crisis, according ...

The Danger Zone: Financial Stability Risks Soar

José Viñals | Posted 11.22.2011 | Business
José Viñals

Several shocks have recently buffeted the global financial system: unequivocal signs of a broader global economic slowdown; fresh market turbulence in the euro area; and the credit downgrade of the United States.

Frankenstein, Return of the Zombies: The Sequel

Lydia Fisher | Posted 10.11.2011 | Business
Lydia Fisher

Frankenstein was a "failed artificial life experiment" that went badly wrong. Ours incubated in financial laboratories -- the result of complex "innovative" financial engineering.

Greek Default Could Trigger Chain Reaction Around The World

AP | David Mchugh | Posted 08.16.2011 | Business

FRANKFURT, Germany (AP) -- Greece's economy is small but the shock waves from a default on its debt could be amplified by links in the global financia...

A Tale of Titans: The Too Important to Fail Conundrum

Aditya Narain | Posted 07.27.2011 | Business
Aditya Narain

We need look no further than the example of Lehman Brothers to understand how one financial institution's failure can threaten the global financial system and create devastating effects to economies around the world.

Macroprudential Policy -- Filling the Black Hole

José Viñals | Posted 06.15.2011 | Business
José Viñals

Given the enormous economic and human cost of the recent financial debacle, I strongly believe that we cannot afford to miss this opportunity for substantial reform.

Toto, We're Not in Kansas Anymore: Exploring the Post-tornado Contours of the Financial System

Laura Kodres | Posted 05.25.2011 | Business
Laura Kodres

Just as a tornado in Kansas transplanted Dorothy and, her dog, Toto, from familiar comforts to the unknown land of Oz, the global crisis has led many ...