MARISA MONTE INICIA SUA TURNÊ | DROPS da Pan – 20/05/22

Generally, the bailout plan was a sort of debt relief program that was pushed during the Bush administration. It was during a time wherein there was a great upheaval in the world of finance. After all, drastic circumstances require drastic steps to be taken to resolve it.

It comes as no news to anyone that the U.S. dollar has recently been in free fall. Two actors are conducting the moves, namely he Federal Reserve and the European Central Bank. Due to their policies and decisions, we hear more and more about the risk the dollar is facing – that of becoming ‘toxic waste’.

Massive civil unrest has played out in the northern parts of Africa and the Arab world recently. But where did all the anger and hatred come from? Who can we blame at the top for these troubles?

The prevailing wisdom is that the Great Depression started in 1929 because of the stock market crash. However, the brunt of the damage was done by the bond market collapse, which started in 1931 in Austria and spread like a virus. Panic spread throughout Europe because creditors started now questioning loans made to all countries.

The issue of money laundering is generating national discourse among Nigerians because of its negative implications on the economy of the country. It is generally agreed that it is a phenomenon that is worse than terrorism. The argument is that since the economy is its first victim, it naturally affects every citizen of the country, as against terrorism which only affects a portion of the people of the country.