India: Another Demonetization?
TUESDAY, MAY 23, 2023 – 06:40 AM Authored by Jayant Bhandari In late 2016, the Indian Prime Minister, Narendra Modi, came on TV at 8 pm to announce that most…
US Banks lose a TRILLION dollars in deposits, replace with borrowings
The first bad news is that 50% of the US banks have more liabilities than assets. But here comes more… One may say now that deposits are liabilities as well…
Africa’s First Test Run For A CBDC has Failed
BY TYLER DURDEN TUESDAY, MAY 23, 2023 – 11:30 AM Authored by Martin Armstrong via ArmstrongEconomics.com The transition to CBDC in Nigeria did not go as planned. The elites always…
