FinTech: dólares digitales para los pobres, beneficios exponenciales para los ricos

La reciente incursión de las empresas FinTech en el sector bancario y el respaldo implícito de la Secretaria del Tesoro, Janet Yellen, de una moneda totalmente digital podría ser el fin de los bancos como los conocemos.

Raul Diego
Por Raul Diego
Fintech Feature photo

In a virtual conference hosted by The New York Times, Treasury Secretary Janet Yellen gave her nod of approval to the idea of "sovereign digital currencies" to solve the riddle of financial inclusion in America. According to recent data, approximately 7.1 million, or 5.4 percent of households, in the United States have no access to a bank

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El excepcionalismo estadounidense está contra las cuerdas y el final del petrodólar está cerca

Desde la retórica del muro fronterizo hasta las guerras comerciales, Trump está configurando efectivamente la implosión del dólar y expresándolo como un pseudo populismo nacionalista.

Raul Diego
Por Raul Diego
US dollar decline Feature photo

The pressure on the global economy imposed by the measures to curb the COVID-19 pandemic threatens to erode whatever confidence the world still has in the U.S. dollar as a viable reserve currency. A shortfall in U.S. domestic savings, dropping to 1.4 percent of national income, brought on by the drawn-out shutdowns and structural changes to the

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Russia and India Are Dropping the Dollar in Upcoming Defense Deal

American sanctions are increasingly making the USD irrelevant.

Frank Sellers
Por Frank Sellers
Russian S-400 air defense missile systems make their way through Red Square during a rehearsal for the Victory Day military parade in Moscow. (AP/Alexander Zemlianichenko)

Presently, some $2 billion worth of arms deals are hitting a snag over how settlement is to be made for defence transactions between Russia and India as US sanctions stand in the way. The issue has led to the US Dollar being dropped as a means of payment, with the Ruble and Rupee being considered as alternatives. The Economic Times reports: New

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Amid Qatar-Saudi Rift, Qatar May be Turning Its Back on the US Dollar

“The failure of this insurgency, however, has spelled the death of this proposal, leaving Qatar bound to look East to Asia – already their biggest customers – for their LNG markets. But most of the existing Eastbound LNG pipeline infrastructure is controlled by Iran. For Qatar, then, cutting its Iran links would be cutting off its nose to spite its face. This is why the Saudis aim to demonstrate that the alternative is having their entire face cut off.”

Darius Shahtahmasebi
Por Darius Shahtahmasebi

Late last week, Saudi Arabia and other members of the Gulf Cooperation Council (GCC) that are involved in attempting to isolate Qatar sent the tiny Gulf nation a list of 13 demands. They are insisting that Qatar meet these demands within ten days or face unspecified further action. The list of demands includes Qatar shutting down Al-Jazeera and

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Blame the Federal Reserve, Not China, For Stock Market Crash

The Federal Reserve’s inflationary policies distort the economy, creating bubbles, which in turn create a booming stock market and the illusion of widespread prosperity. Inevitably, the bubble bursts, the market crashes, and the economy sinks into a recession.

Ron Paul
Por Ron Paul
With the Washington Monument behind them, protesters cal for the end of the Federal Reserve, Sunday, Oct. 9, 2011. (AP Photo/Cliff Owen)

Analysis-- Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose "solutions” to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right

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Washington’s Financial Currency War On China: Eclipsing of US Dollar by The Yuan

The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street.

Mahdi Darius Nazemroaya
Por Mahdi Darius Nazemroaya

Global Research Analysis-- The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by

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