The document warns of an impending global economic crisis due to flaws in the fiat monetary system. It argues that fiat currency relies on debt that exceeds the amount available to pay back principal plus interest. This leads to inflation and wealth concentration among a few. The document calls for returning monetary creation powers to governments and implementing a debt-free monetary system backed by precious metals to stabilize currencies and the global economy.
Fdi in multi brand retail dangerous for india aug 10, 2011Himanshi Sharma
This document outlines the potential risks of allowing foreign direct investment in India's multi-brand retail sector. It argues that large foreign retailers like Walmart and Tesco will dominate the market and squeeze out small local retailers, hurting livelihoods. It notes that foreign retailers seek to control supply chains and squeeze costs by forcing down prices paid to farmers. The document also argues that handing over control of the country's food supply chain to foreign companies would compromise national security. Based on experiences in other countries, it predicts the entry of large retailers will cause massive disruption and unemployment in India.
Ae911 The Destruction Of Hierarchy (Robin Upton)tomtom99
This document discusses the collapse of hierarchical power structures and what can be done. It argues that hierarchies are vulnerable to subversion and control by psychopaths who advance their selfish interests. As resources decline, hierarchies will fight to maintain control through coercion and violence. Alternatively, non-hierarchical cooperation and new decentralized communication technologies may allow people to spread information, nurture their communities, and work collaboratively for positive global change.
The document discusses the concepts of assets and liabilities from the perspective presented in the book "Rich Dad, Poor Dad". An asset is traditionally defined in accounting as something that generates future economic benefits, while a liability is an obligation that requires money to be paid out in the future. However, the book provides an alternative view of an asset as something that generates a positive cash flow and income, while a liability generates a negative cash flow and expenses. It suggests determining if a house is an asset or liability based on comparing its costs to potential rental income it could generate. The document concludes by summarizing some of the book's suggestions, such as focusing on assets first and letting money work for you.
What you don't know about money final final presentationNeoGemini
The document discusses the history and nature of money, currencies, and financial markets. It notes that money has traditionally taken many forms throughout history, including shells, bones, precious metals, and various forms of paper currency and coins. It suggests that fiat currencies are unstable and vulnerable to inflation. It recommends investing in gold and silver to hedge against inflation and the potential decline in value of fiat currencies. It cites Warren Buffett advising his wife to invest in gold as well.
Meltdown presentation atca full master Mike HaywardEd Dodds
Mike Hayward: With the help of DK, I have redrafted my Meltdown presentation to be suitable for an International Audience and it is attached below. I have already given this talk at several UK universities with more to come. It is designed multidisciplinary audiences so it is not too technical and is richly illustrated. Please feel free to use and adapt the presentation to suit your own needs and viewpoint. My name is not mentioned in the presentation. The subject is too important to claim authorship or credit.
Summary...... The global debt mountain, peak oil, population growth, resource depletion, population growth, the pension time bomb and climate change are all interconnected.
Meltdown did not occur in October 2008, but we were within 4 hours of it happening. It has only been deferred. Remember, only 3 dozen economists correctly predicted the 2008 global financial crisis, out of a profession of 20,000 members. Not one of the World politicians and Central Bankers saw the crisis coming, but all of them claim to know the remedy. The reasons for the 2008 crash have not gone away. The US housing market is still in freefall and US and European Banks are becoming increasingly insolvent, although they won't admit it. Economic growth will be stifled by rising oil prices. The bailouts are not working. World Politicians, Bankers and Economists are trying to maintain the status quo but they are losing control. Fundamentally, the real systemic causes of the crisis are rarely discussed with transparency and have not been addressed. Fractional Reserve Banking and universal public ignorance of banking practices are the cause of all the our global problems.
The collapse will happen within the next couple of years. The Eurozone or USA will most probably be the epicentre. The interconnectivity of the financial system means we will all be affected. What happens next after the collapse is impossible to predict. History is replete with examples but not on a Global scale. Massive political unrest will prevail. There will be a rise in popularity of extreme left and right political parties.
This document defines and describes various types of money including:
- Standard money which serves as the basis for a currency system.
- Commodity money which derives its value from the commodity it is made of.
- Fiat money which has no intrinsic value but can be exchanged for a commodity.
- Credit money which is issued by private banks and the central bank and includes bank notes and deposits.
Maximizing information and communications technologies for development in fai...Ed Dodds
This document discusses a summit held in 2014 on maximizing information and communications technologies (ICT) for development in faith-based initiatives (ICT4DF). The summit brought together over 80 faith leaders to discuss leveraging ICT to better accomplish missions and development goals.
The document notes that traditional faith-based development models are often siloed and lack collaboration between organizations. It argues that a new paradigm is needed utilizing ICT to empower local communities and allow for greater collaboration, sustainability and long-term impact. Emerging technologies can exponentially increase the positive impact of development efforts if used effectively.
The document discusses commodity markets in India. It provides background on the history and development of commodity exchanges in India, including some of the earliest organized futures markets in cotton, oilseeds, and wheat dating back to the late 19th century. It then describes the major participants in commodity markets, including hedgers who use futures markets to manage price risk, speculators who trade based on price expectations, and arbitrageurs.
Fdi in multi brand retail dangerous for india aug 10, 2011Himanshi Sharma
This document outlines the potential risks of allowing foreign direct investment in India's multi-brand retail sector. It argues that large foreign retailers like Walmart and Tesco will dominate the market and squeeze out small local retailers, hurting livelihoods. It notes that foreign retailers seek to control supply chains and squeeze costs by forcing down prices paid to farmers. The document also argues that handing over control of the country's food supply chain to foreign companies would compromise national security. Based on experiences in other countries, it predicts the entry of large retailers will cause massive disruption and unemployment in India.
Ae911 The Destruction Of Hierarchy (Robin Upton)tomtom99
This document discusses the collapse of hierarchical power structures and what can be done. It argues that hierarchies are vulnerable to subversion and control by psychopaths who advance their selfish interests. As resources decline, hierarchies will fight to maintain control through coercion and violence. Alternatively, non-hierarchical cooperation and new decentralized communication technologies may allow people to spread information, nurture their communities, and work collaboratively for positive global change.
The document discusses the concepts of assets and liabilities from the perspective presented in the book "Rich Dad, Poor Dad". An asset is traditionally defined in accounting as something that generates future economic benefits, while a liability is an obligation that requires money to be paid out in the future. However, the book provides an alternative view of an asset as something that generates a positive cash flow and income, while a liability generates a negative cash flow and expenses. It suggests determining if a house is an asset or liability based on comparing its costs to potential rental income it could generate. The document concludes by summarizing some of the book's suggestions, such as focusing on assets first and letting money work for you.
What you don't know about money final final presentationNeoGemini
The document discusses the history and nature of money, currencies, and financial markets. It notes that money has traditionally taken many forms throughout history, including shells, bones, precious metals, and various forms of paper currency and coins. It suggests that fiat currencies are unstable and vulnerable to inflation. It recommends investing in gold and silver to hedge against inflation and the potential decline in value of fiat currencies. It cites Warren Buffett advising his wife to invest in gold as well.
Meltdown presentation atca full master Mike HaywardEd Dodds
Mike Hayward: With the help of DK, I have redrafted my Meltdown presentation to be suitable for an International Audience and it is attached below. I have already given this talk at several UK universities with more to come. It is designed multidisciplinary audiences so it is not too technical and is richly illustrated. Please feel free to use and adapt the presentation to suit your own needs and viewpoint. My name is not mentioned in the presentation. The subject is too important to claim authorship or credit.
Summary...... The global debt mountain, peak oil, population growth, resource depletion, population growth, the pension time bomb and climate change are all interconnected.
Meltdown did not occur in October 2008, but we were within 4 hours of it happening. It has only been deferred. Remember, only 3 dozen economists correctly predicted the 2008 global financial crisis, out of a profession of 20,000 members. Not one of the World politicians and Central Bankers saw the crisis coming, but all of them claim to know the remedy. The reasons for the 2008 crash have not gone away. The US housing market is still in freefall and US and European Banks are becoming increasingly insolvent, although they won't admit it. Economic growth will be stifled by rising oil prices. The bailouts are not working. World Politicians, Bankers and Economists are trying to maintain the status quo but they are losing control. Fundamentally, the real systemic causes of the crisis are rarely discussed with transparency and have not been addressed. Fractional Reserve Banking and universal public ignorance of banking practices are the cause of all the our global problems.
The collapse will happen within the next couple of years. The Eurozone or USA will most probably be the epicentre. The interconnectivity of the financial system means we will all be affected. What happens next after the collapse is impossible to predict. History is replete with examples but not on a Global scale. Massive political unrest will prevail. There will be a rise in popularity of extreme left and right political parties.
This document defines and describes various types of money including:
- Standard money which serves as the basis for a currency system.
- Commodity money which derives its value from the commodity it is made of.
- Fiat money which has no intrinsic value but can be exchanged for a commodity.
- Credit money which is issued by private banks and the central bank and includes bank notes and deposits.
Maximizing information and communications technologies for development in fai...Ed Dodds
This document discusses a summit held in 2014 on maximizing information and communications technologies (ICT) for development in faith-based initiatives (ICT4DF). The summit brought together over 80 faith leaders to discuss leveraging ICT to better accomplish missions and development goals.
The document notes that traditional faith-based development models are often siloed and lack collaboration between organizations. It argues that a new paradigm is needed utilizing ICT to empower local communities and allow for greater collaboration, sustainability and long-term impact. Emerging technologies can exponentially increase the positive impact of development efforts if used effectively.
The document discusses commodity markets in India. It provides background on the history and development of commodity exchanges in India, including some of the earliest organized futures markets in cotton, oilseeds, and wheat dating back to the late 19th century. It then describes the major participants in commodity markets, including hedgers who use futures markets to manage price risk, speculators who trade based on price expectations, and arbitrageurs.
Presentation for League of Women Voters of Central, PA (10/17/17)Colleen LaRose
Looking forward to speaking to the League of Women Voters in Central, PA on Tuesday October 17th from noon to 1pm at La Primavera restaurant in Lewisburg, PA
I will also be on the radio in the morning on radio station WKOK at 7:10am and 7:40am If you are in the region...stop by or listen!
This presentation is the start of a national dialogue on the US economy....why the economy is in the mess it is in and what we can do on the local/regional level to impact the national economy.
If you would like me to help you start this important dialogue in your region, contact me at colleen@nereta.org
The document discusses modern monetary theory and challenges conventional views of government spending and deficits. It argues that since abandoning the gold standard, governments that issue sovereign currencies like the US dollar are not financially constrained in the way households are, as they can create money by fiat. Deficit spending by the government sector allows the private sector to go into surplus without requiring trade surpluses. While conventional views warn of inflation, debt crises, or loss of confidence from large deficits, the document argues these risks are overstated based on historical examples like Japan.
The document discusses predictions for the world in 2050 based on 20 essays covering topics like population, social revolution, technology, and corporations. Some key points include: the world's population is expected to be older and more urban, with half of growth in Africa; innovation will be key to determining if the future results in doom or boom; and China may overtake the US as the world's largest economy as early as 2018. Black swan events and other surprises could alter expectations.
The document discusses problems with centralized currency systems controlled by central banks and proposes a peer-to-peer (P2P) currency system as an alternative. It argues that central banks can devalue currencies through inflation and require interest payments on loans, making the rich richer over time. In contrast, a P2P system where individuals issue their own currencies could avoid inflation, interest, and debt by not having a central authority controlling the money supply.
The document discusses Frank Baum's allegorical work "The Wonderful Wizard of Oz" and its portrayal of economic issues in late 19th century America. It analyzes the characters and symbols used as representations of different factions in the monetary policy debates around bimetallism, greenbacks, and fractional reserve banking. The document also examines court cases and proposed solutions regarding the practice of fractional reserve banking and whether banks should be allowed to loan out money they don't fully have in reserves.
Basics of Money: Seeing Through DeceptionsAsad Zaman
This document summarizes a lecture on the basics of monetary economics and common misconceptions about money. It discusses how money is created through trust and legal frameworks rather than emerging spontaneously through barter. It debunks the myth that commodity money like gold was historically dominant, and explains how token and fiat currencies have been used effectively throughout history. It also discusses how insufficient money can harm economic production and how stabilizing a currency's value is challenging without tying it to commodities like gold.
1) In the 1920s, the US economy boomed as new technologies like cars, appliances, and electricity became widely available, fueled by easy credit. However, most Americans did not share equally in prosperity.
2) Underlying weaknesses emerged such as overproduction, low wages that prevented many from buying goods, and a reliance on unstable credit.
3) When the stock market crashed in 1929, it revealed that the US economy was not as strong as it seemed, and the imbalances precipitated the Great Depression.
This document presents four multi-trillion dollar paths to a thriving America based on the book "America is Not Broke". The four paths are: 1) Sovereign Money, which argues the government should create debt-free money; 2) Land Value Taxation, which advocates taxing the value of land; 3) Public Banking; and 4) Ending Government Financial Asset Hoarding. The document focuses on explaining Sovereign Money and Land Value Taxation in more detail. It argues that governments could fund public services through collecting $5.3 trillion in economic rent from land rather than through other taxes.
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Louis Boulanger- Gold rises against fiat abuse 111114Symposium
Louis Boulanger presented at The Gold Symposium 2011 on the abuse of fiat currencies and how gold ownership offers protection. He summarized that all currencies are being debased to zero potentially, and that gold provides protection from ongoing fiat currency insanity and delusion until the end of the unsound monetary system. He argued that without currencies being redeemable for gold, today's monetary system relies entirely on confidence in governments and their ability to repay debt, which is not guaranteed and the system could collapse.
Best Website To Buy Research Papers. EssaAmy Isleb
The document provides instructions for purchasing a research paper from the website HelpWriting.net. It outlines a 5-step process: 1) Create an account with an email and password. 2) Complete an order form providing instructions, sources, and deadline. 3) Review bids from writers and select one. 4) Review the completed paper and authorize payment if satisfied. 5) Request revisions until fully satisfied, with a refund available for plagiarized work. The website promises original, high-quality content written to the customer's specifications and satisfaction.
This document discusses money, banking, debt, and inflation. It argues that private and central banks have manufactured too much money through lending and monetary policy, leading to high debt levels globally. To avoid widespread defaults, the political system will choose inflation over deflation, benefiting borrowers over savers. The document predicts moderate but sustained inflation for the next 15 years as debt levels slowly shrink, increasing the price of gold substantially. It advises investing in gold and gold stocks to protect from currency debasement and the effects of continued money printing.
> What are the opportunities in non-Western civilizations? Can they build global innovative products and services? Can the next Steve Jobs be Brazilian?
> Talk given at TEDxFIAP in Sao Paulo in November 2011.
The document discusses the economic crisis and its root causes, including excessive consumer and government debt. It argues that Americans overspent for many years, living beyond their means by accumulating debt and not saving. Meanwhile, loose lending practices and securitization of loans helped fuel more spending and debt. However, this model was unsustainable and has led to the current economic problems of high unemployment, debt burdens, and lack of savings. It calls for Americans to reduce debt, increase savings, and for the government to get spending and deficits under control.
The document discusses poverty as a global issue, providing statistics on the number of people living in poverty worldwide. It notes that extreme poverty results in 18 million deaths each year and 30,000 child deaths daily. While some facts note that relatively small amounts of money spent on things like weapons and chocolate could eliminate poverty, the main problem is defined as an intergenerational poverty cycle where children of poor parents grow up in poverty without means to support themselves. The document promotes the SmileKIDS Foundation, which aims to raise funds through various community events to build a shelter in Nairobi, Kenya to help address poverty.
Money has value established by social convention and law, not nature. It serves as a measure of value and medium of indirect exchange. Throughout history, there has been an ongoing debate over whether money should be controlled privately or publicly directed for the common good. Modern debates focus on issues like whether money should be backed by gold, the role of private banks in money creation, and the power of central banks.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Presentation for League of Women Voters of Central, PA (10/17/17)Colleen LaRose
Looking forward to speaking to the League of Women Voters in Central, PA on Tuesday October 17th from noon to 1pm at La Primavera restaurant in Lewisburg, PA
I will also be on the radio in the morning on radio station WKOK at 7:10am and 7:40am If you are in the region...stop by or listen!
This presentation is the start of a national dialogue on the US economy....why the economy is in the mess it is in and what we can do on the local/regional level to impact the national economy.
If you would like me to help you start this important dialogue in your region, contact me at colleen@nereta.org
The document discusses modern monetary theory and challenges conventional views of government spending and deficits. It argues that since abandoning the gold standard, governments that issue sovereign currencies like the US dollar are not financially constrained in the way households are, as they can create money by fiat. Deficit spending by the government sector allows the private sector to go into surplus without requiring trade surpluses. While conventional views warn of inflation, debt crises, or loss of confidence from large deficits, the document argues these risks are overstated based on historical examples like Japan.
The document discusses predictions for the world in 2050 based on 20 essays covering topics like population, social revolution, technology, and corporations. Some key points include: the world's population is expected to be older and more urban, with half of growth in Africa; innovation will be key to determining if the future results in doom or boom; and China may overtake the US as the world's largest economy as early as 2018. Black swan events and other surprises could alter expectations.
The document discusses problems with centralized currency systems controlled by central banks and proposes a peer-to-peer (P2P) currency system as an alternative. It argues that central banks can devalue currencies through inflation and require interest payments on loans, making the rich richer over time. In contrast, a P2P system where individuals issue their own currencies could avoid inflation, interest, and debt by not having a central authority controlling the money supply.
The document discusses Frank Baum's allegorical work "The Wonderful Wizard of Oz" and its portrayal of economic issues in late 19th century America. It analyzes the characters and symbols used as representations of different factions in the monetary policy debates around bimetallism, greenbacks, and fractional reserve banking. The document also examines court cases and proposed solutions regarding the practice of fractional reserve banking and whether banks should be allowed to loan out money they don't fully have in reserves.
Basics of Money: Seeing Through DeceptionsAsad Zaman
This document summarizes a lecture on the basics of monetary economics and common misconceptions about money. It discusses how money is created through trust and legal frameworks rather than emerging spontaneously through barter. It debunks the myth that commodity money like gold was historically dominant, and explains how token and fiat currencies have been used effectively throughout history. It also discusses how insufficient money can harm economic production and how stabilizing a currency's value is challenging without tying it to commodities like gold.
1) In the 1920s, the US economy boomed as new technologies like cars, appliances, and electricity became widely available, fueled by easy credit. However, most Americans did not share equally in prosperity.
2) Underlying weaknesses emerged such as overproduction, low wages that prevented many from buying goods, and a reliance on unstable credit.
3) When the stock market crashed in 1929, it revealed that the US economy was not as strong as it seemed, and the imbalances precipitated the Great Depression.
This document presents four multi-trillion dollar paths to a thriving America based on the book "America is Not Broke". The four paths are: 1) Sovereign Money, which argues the government should create debt-free money; 2) Land Value Taxation, which advocates taxing the value of land; 3) Public Banking; and 4) Ending Government Financial Asset Hoarding. The document focuses on explaining Sovereign Money and Land Value Taxation in more detail. It argues that governments could fund public services through collecting $5.3 trillion in economic rent from land rather than through other taxes.
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Louis Boulanger- Gold rises against fiat abuse 111114Symposium
Louis Boulanger presented at The Gold Symposium 2011 on the abuse of fiat currencies and how gold ownership offers protection. He summarized that all currencies are being debased to zero potentially, and that gold provides protection from ongoing fiat currency insanity and delusion until the end of the unsound monetary system. He argued that without currencies being redeemable for gold, today's monetary system relies entirely on confidence in governments and their ability to repay debt, which is not guaranteed and the system could collapse.
Best Website To Buy Research Papers. EssaAmy Isleb
The document provides instructions for purchasing a research paper from the website HelpWriting.net. It outlines a 5-step process: 1) Create an account with an email and password. 2) Complete an order form providing instructions, sources, and deadline. 3) Review bids from writers and select one. 4) Review the completed paper and authorize payment if satisfied. 5) Request revisions until fully satisfied, with a refund available for plagiarized work. The website promises original, high-quality content written to the customer's specifications and satisfaction.
This document discusses money, banking, debt, and inflation. It argues that private and central banks have manufactured too much money through lending and monetary policy, leading to high debt levels globally. To avoid widespread defaults, the political system will choose inflation over deflation, benefiting borrowers over savers. The document predicts moderate but sustained inflation for the next 15 years as debt levels slowly shrink, increasing the price of gold substantially. It advises investing in gold and gold stocks to protect from currency debasement and the effects of continued money printing.
> What are the opportunities in non-Western civilizations? Can they build global innovative products and services? Can the next Steve Jobs be Brazilian?
> Talk given at TEDxFIAP in Sao Paulo in November 2011.
The document discusses the economic crisis and its root causes, including excessive consumer and government debt. It argues that Americans overspent for many years, living beyond their means by accumulating debt and not saving. Meanwhile, loose lending practices and securitization of loans helped fuel more spending and debt. However, this model was unsustainable and has led to the current economic problems of high unemployment, debt burdens, and lack of savings. It calls for Americans to reduce debt, increase savings, and for the government to get spending and deficits under control.
The document discusses poverty as a global issue, providing statistics on the number of people living in poverty worldwide. It notes that extreme poverty results in 18 million deaths each year and 30,000 child deaths daily. While some facts note that relatively small amounts of money spent on things like weapons and chocolate could eliminate poverty, the main problem is defined as an intergenerational poverty cycle where children of poor parents grow up in poverty without means to support themselves. The document promotes the SmileKIDS Foundation, which aims to raise funds through various community events to build a shelter in Nairobi, Kenya to help address poverty.
Money has value established by social convention and law, not nature. It serves as a measure of value and medium of indirect exchange. Throughout history, there has been an ongoing debate over whether money should be controlled privately or publicly directed for the common good. Modern debates focus on issues like whether money should be backed by gold, the role of private banks in money creation, and the power of central banks.
Similar to Failure of the world economic system (20)
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
7. The worrying level of DEBTS !!!!
Debt to Gross Domestic Product ratio, GOLDEN RULE = 60%!
Source: Authors calculation using Tradingeconomics.com (2012)!
8. The huge GAP between the poor and
the rich !!!!
Global income distribution by population quintiles 1990, 2000, and 2007!
Source: Isabel Ortiz (2011)!
10. Actually there are many more signs…!
Political Crime rates! Bankruptcy!
instability!
Poverty! Foreclosures!
Corruption!
People Currencies
losing jobs! loss of buying
Expensive power!
health fees!
The 2008
Expensive subprime
education mortgage!
fees!
Inflation!
And many more….. You
can look around to find
it yourself !!
11. You can’t leave the economy alone!
Because the subsystems affect each other, but we will
get through the economy anyway !!
Politics! Economy!
Social &
Culture!
Politics!
Science &
Environment!
Technology!
16. COMMODITY MONEY!
Money which has intrinsic value, meaning it is worth
something in it’s own right!
Cowrie shells Roman gold coin
China 1200 B.C.! 1st century A.D.!
17. REPRESENTATIVE MONEY!
Money that does not necessarily have the intrinsic value
that it represents, but is backed and could be redeemed
by the equal value of commodity money!
Banque Generale
banknote 1718 A.D.!
18. FIAT MONEY!
Money that has no intrinsic value and is not backed up
by the equal value of commodity money, but is made
legal tender through government decree!
The U.S. dollar!
19. HISTORY OF MONEY!
Notable events and discoveries of money!
Year! Event!
Cowrie shells are used as money in present day
1200 B.C.!
China!
500 B.C.! Gold coins are used in Lydia present day Turkey!
A form of paper money is used in present day
618 A.D.!
China!
1000 A.D.! Invention of fractional reserve banking in England!
15th century
First form of modern day banking emerged in Italy!
A.D. !
1816 A.D.! England adopted the gold standard!
1944 A.D! The Bretton Woods conference!
1971 A.D.! The Smithsonian agreement!
20. Now, we are mainly on the fiat
money system while actually it is
the greatest SCAM ever !!!!
22. FIAT MONEY is the official money of
any government!
Expenditure! Income!
23. BANKS created the fiat money not the
government !!
Central Bank! Government!
Commercial Bank! Community!
24. They print money out of THIN AIR and
charge INTEREST to the government !!
Government bond!
Fiat Money!
Government! Central Bank!
25. Commercial banks also created fiat
money through the fractional reserve
banking!
Through fractional reserve banking, banks can give loan up to 9x
their reserves !!
Debt!
Loan!
Community! Commercial Bank!
26. QUOTES!
“It is well enough that
people of the nation do
not understand our
banking and monetary
system, for if they did, I
believe there would be
a revolution before
morning.”!
!
- Henry Ford!
27. In other words money is DEBT!
Without debt, money do not exist!
Government bond!
Fiat Money!
Government! Central Bank!
Debt!
Loan!
Community! Commercial Bank!
28. They created the PRINCIPLE but the
INTEREST was never created!
So, the amount of debt must exceed or at least in the same
amount of principle + interest created!
Debt!
Principle + Interest!
(P + I)!
29. If the P + I needed exceeds the debt in
the system the economy will CRASH !
Because there isn’t enough money to pay all the debts !!
30. QUOTES!
“If the American people ever
allow private banks to control
the issuance of their currency,
first by inflation and then by
deflation, the banks and
corporations that will grow up
around them will deprive the
people of all their property
until their children will wake
up homeless on the continent
their fathers conquered.”!
!
- Thomas Jefferson!
31. With fiat money and fractional reserve
banking they receive UNFAIR profits!
Because they created a little value but received a lot of value !!
Principle!
P + I!
Goods & Services!
32. Bankers and a few businessman
receive the most benefit from this
system!
As fiat money flows into our society, first few money holders can
buy at a normal price while most of the people buy at an inflated
price. WHY ?!
33. The insane growth of INFLATION !!!!
The Consumer Price Index of USA 1913-2008!
Source: Authors calculation using Inflationdata.com (2012)!
34. Because not all of the money increases
production instead it is spent in
DERIVATIVES!
Comparison between annual OTC derivatives and world GDP!
Source: Authors calculation using IMF (2012) and ISDA (2011)!
35. This is actually a SILENT THEFT of
wealth by the GREEDY FEW to the
people !!
37. QUOTES!
“At the end fiat
money returns to its
inner value—zero.”!
!
- Voltaire!
!
38. Failure history of the fiat money!
Shall we learn from history ?!
• Roman Denarius (54 A.D.)!
• Chinese Paper Money (1200 A.D.)!
• French Livres (1715 A.D.)!
• US Continental (1775-1780 A.D.)!
• French Assignats (1789 A.D.)!
• Weimar Inflation (1919-1923 A.D.)!
39. Because it’s a treason to the value!
=
Value!
Genuine
=
Forced
Value!
40. Because it gives power to create
almost unlimited amount of money!
Excessive amount
of money in the =
INFLATION
!!!
market!
41. The insane growth of INFLATION !!!!
The Consumer Price Index of USA 1913-2008!
Source: Authors calculation using Inflationdata.com (2012)!
42. The Inflation Case: Fiat Money!
In the 1950s!
With US $ 34.72 you can buy a suit!
Now!
With US $ 34.72 you can’t buy a suit !!
43. The Inflation Case: Gold!
In the 1950s!
With an ounce of gold you !
can buy a suit!
Now!
With an ounce of gold you can still !
buy a suit !!
44. Fiat money FAILED to serve as a store
of value ! While GOLD served better!
Three basic functions of money:!
!
• Medium of exchange!
• Unit of account!
• Store of value!
45. QUOTES!
“The problem with fiat
money is that it rewards
the minority that can
handle money, but fools
the generation that has
worked and saved
money.”!
!
- Adam Smith!
51. Be Productive !!
It’s not the amount of money but it’s the equality
between goods & services and the amount of money!
52. QUOTES!
“The world suffers a lot.!
Not because of the
violence of bad people,!
But because of the
silence of good
people !”!
!
- Napoleon Bonaparte!
!