Tags: currency, economy, money, recession
More Communities Ink Their Own Currencies:”A small but growing number of cash-strapped communities are printing their own money.”
Tags: Bank of England, banks, currency, dollar, federal reserve, money
Bank of England May Provide Liquidity to Fed: “The Bank of England said Monday that it is ready to provide sterling liquidity to the U.S. Federal Reserve if necessary through a temporary currency swap arrangement.”
Why does this news make me uneasy?
Tags: Africa, economy, inflation, money, Zimbabwe
Tags: economy, money, recession, UK
Bank of England Set to Run Printing Presses: “The Bank of England’s Governor paved the way last night to unleash the weapon of “printing money” in a last-ditch drive to combat the rapidly deepening recession.”
This is not a good sign at all, since hyperinflation could occur once the extra bills are dumped into circulation.
Tags: economy, money, Russia
Bank of Russia reserves may not last another year. “The Bank of Russia has been supporting the ruble with its own dollar and Euro reserves of about $450 billion, but these assets have dropped 25 percent since they began defending it in August. At this rate, they cannot keep up their defense for another year.”