USD will no longer be king — Jeffrey Tucker |
Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend.
"The dollar's just not going to be king," he warned, adding that history will record recent events "as the turning point for the dollar." Read more |
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US Treasury's Yellen acknowledges sanctions could hurt dollar U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets.
According to Yellen, the government tries to use sanctions "judiciously," as they can create a desire to find alternatives to the U.S. dollar. |
Fall of Medici Bank: Fractional reserve banking in 15th century Italy Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time.
It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers were early adopters of fractional reserve banking, a practice that Medici Bank customers were unaware of, and that ultimately led to the financial institution's failure. |
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