TSE busca parceria para bancar observadores convidados nas eleições

Many people think that economic booms and recessions just happen. They may have some awareness that the interest rate setting of the Federal Reserve has something to do with it, but the concept of the artificial production of booms and recessions by the Fed seems alien to them.

Paper money today is fiat money. Since 1971, real assets have not backed the dollars that Americans spend.

The Origins of Fractional Banking The fundamental idea governing the fractional banking system dates back to medieval England. Between 1000 and 1100 A.D., money lenders, who were at that time referred to as goldsmiths, secured the people’s gold and silver in their vaults. With each deposit of gold or silver, the depositors were given a paper receipt designating the amount that they had entrusted to the goldsmiths.

Introduction The middle class is being wiped out financially because the infrastructure that supported the middle class has been yanked out from under it. America previously had a very strong middle class and the country was a world leader in all respects – manufacturing, scientific discoveries, economic prosperity, high rate of home-ownership, excellent employee benefits and a strong dollar based on the gold standard.

The emigration of African experts to US and Europe owing to lack of institutional readiness at home must be seen as a threat to the prosperity and wealth of Africa. As they work in these adopted nations to improve their careers, African governments must find ways to tap these skills. Technologies are readily available and we have the capability to turn this brain drain into brain gain.