Reserve Bank data, reported that the currency in circulation, in value terms, soared from Rs 17.74 lakh crore on November 4, 2016, to Rs 32.42 … Cash In Circulation Soared by 83% Since Demonetisation in 2016Read more
Economics
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Banking Crisis 3.0: Time to Change the Rules of the Game
On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being … Banking Crisis 3.0: Time to Change the Rules of the GameRead more
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The Mechanics of a Bond Market and its Impact on the Banking Crisis
Why the Bank Crisis is Not Over The crashes of Silvergate, Silicon Valley Bank, Signature Bank and the related bank insolvencies are much more serious … The Mechanics of a Bond Market and its Impact on the Banking CrisisRead more
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Big Oil Giants Shell & ConocoPhillips Squeeze $61 Billion in Profits Out of American Consumers
Today, Big Oil giants Shell and ConocoPhillips formally reported their profits from the fourth quarter of last year, taking in an eye-popping $13.7 billion in … Big Oil Giants Shell & ConocoPhillips Squeeze $61 Billion in Profits Out of American ConsumersRead more
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You don’t need tanks, you have banks for coup
Yanis Varoufakis bankers and fascists are united. we also have to unite.
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Why We Need Pirates
Imagine a pirate. The image that comes immediately to mind is a man, disabled in various ways, with a peg leg, a hook for a … Why We Need PiratesRead more
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McKinsey’s Addiction Corporations
Almost 30 years ago, tobacco CEOs were forced to answer questions – under oath. For the first time, corporate bosses had to admit that tobacco … McKinsey’s Addiction CorporationsRead more
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The world’s insurance bill from natural disasters this year: $115 billion
Extreme weather events have caused an estimated $115 billion in insured financial losses around the world this year according to Swiss Re, the Zurich-based reinsurance … The world’s insurance bill from natural disasters this year: $115 billionRead more
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Wealth Inequality Increased From 2000 to 2021
In most countries around the world, wealth inequality decreased from the beginning of the 21st century, but that trend was reversed in some places. The … Wealth Inequality Increased From 2000 to 2021Read more