Under the idea to “Make America Great Again” the plan is to extract concessions, country by country, wielding U.S. economic power to reduce trade deficits.
Under the idea to “Make America Great Again” the plan is to extract concessions, country by country, wielding U.S. economic power to reduce trade deficits.
Last Friday, Stanford’s Policy Review published a feature written by global health luminaries Mark Dybul, Peter Piot, and Julio Frenk entitled Reshaping Global Health. The article reads as a call to action, urging the global health community to “give up a lot of turf” and assemble a Bretton Woods-style conversation to reshape the Global Health […]
The Greenback has lost nearly 15% of its value against foreign currencies since the precipitation of the global financial crisis in 2008, and almost 5% since the end of last year. As a result, in 2010, Central Banks around the World became net buyers of Gold reserves for the first time in two decades, adding 87 metric tons of gold in government purchases by countries such as Saudi Arabia, Brazil, Cuba, South Korea, Bolivia, India, Russia and Nigeria, according to World Gold Council data. Interestingly, OPEC which denominates its oil reserves in US Dollars, has recently floated the notion of ditching the Greenback in favor of either the Euro or Gold as an alternative reserve denomination. China, with more than $3 Trn in foreign currency reserves, plans to set up new sovereign funds to invest in precious metals. Russia alone bought 8 tons of gold in 1st Q 2011. As developing countries accelerate purchases, gold may reach $2,000 per ounce this year,