finance

Money talks; reviewing the global economy, government spending, taxes, and economic policy that affect our social and political future.

Same president, same economic problems
Over the course of the past two decades, Recep Tayyip Erdogan's rise to power in Turkey has been accompanied by a striking devaluation of the country's currency, the lira. Shockingly, the lira has lost approximately 90% of its value against the US dollar during Erdogan's tenure. This drastic decline has had dire consequences, particularly in the form of rampant inflation, which has wreaked havoc on the Turkish economy.
By Ronit Batra3 years ago in The Swamp
The dominance of the dollar in the global financial system: Challenges and prospects for the future
The offensive against the dominance of the dollar has gained strength in recent times. Over the years, the end of the dollar as the international hegemonic currency has been repeatedly announced, but so far it has never materialized. However, this time things could be different. The dollar has been the foundation of the global financial and trading system since the Bretton Woods agreements in 1944, but more and more countries, especially dictatorships and emerging economies, are beginning to fear the consequences of relying heavily on this currency.
By GB3 years ago in The Swamp
Janet Yellen's Dismissal of Short Selling: Unearthing a Deeper Systemic Problem in Financial Markets. Top Story - May 2023.
As the CEO and Chairman of Creatd (OTCQB: VOCL) and a financial markets veteran of three decades, I was horrified as I watched Janet Yellen dismiss short-selling in an interview with CNBC’s Sara Eisen on ‘Closing Bell Overtime’.
By Jeremy Frommer3 years ago in The Swamp
A Journey to Financial Mastery: How Sarah Found Wealth and Security
A young woman by the name of Sarah lived in the bustling city of Prosperville once. Sarah, like many others, desired financial independence and prosperity in the future. Not set in stone to transform her fantasies into the real world, she set out on an excursion to dominate individual budget and venture techniques.
By Ahmed3 years ago in The Swamp
SEC Charges Cryptocurrency Exchanges with Fraud: Shedding Light on Market Manipulation
In a recent development, the U.S. Securities and Exchange Commission (SEC) has charged several cryptocurrency exchanges with fraud, sending shockwaves through the digital currency industry. The charges bring to light the need for increased regulation and oversight in the rapidly expanding world of cryptocurrencies.
By Plantera Digital Media 3 years ago in The Swamp
Unveiling the Path to Wealth: Strategies for Financial Success
Introduction: The desire to achieve financial wealth is a common aspiration for many individuals. However, true wealth goes beyond monetary abundance and encompasses a holistic approach to achieving financial security, freedom, and fulfillment. This essay delves into the strategies and principles that can pave the way to wealth and financial success.
By Kerim Çolak3 years ago in The Swamp
The New Silk Road Part 1
Introduction: The People's Republic of China has experienced impressive growth in recent decades, becoming the world's great factory and aspiring to rival the United States. His ambition is not just limited to the economy, however, as China also seeks to play a prominent political role on the world stage. In this two-part article, we'll explore one particular aspect of Chinese strategy: the New Silk Road, a massive infrastructure project that seeks to spread Chinese influence across the globe. In this first part, we will see the historical background and the evolution of the project, as well as its main objective.
By GB3 years ago in The Swamp
The New Silk Road Part 2
Read the first part... CRITICISMS AND CHALLENGES OF THE NEW SILK ROAD Although the New Silk Road has aroused interest and participation from many countries, it has also faced criticism and challenges. Some of the concerns and discussion points are:
By GB3 years ago in The Swamp
Brazil
Brazil is the largest country in South America and the fifth largest country in the world by area. It is located in the tropics, and its climate is hot and humid. The country has a population of over 210 million people, making it the fifth most populous country in the world. Brazil is a federal republic, and its capital is Brasília.
By Nouman Yousaf3 years ago in The Swamp
Montana's governor become the 1st state in US to ban TikTok
Montana's Governor Greg Gianforte has officially enacted a ban on TikTok by signing a bill, thus becoming the inaugural state in the United States to prohibit the widely-used social media platform. This historic decision comes after the bill successfully passed through the state's legislature, marking a notable turning point. While the ban is slated to be implemented in 2024, potential legal hurdles loom, potentially influencing the timing and execution of the prohibition.
By Indra Shambahamphe3 years ago in The Swamp
Aladdin - BLACKROCK
Aladdin (Asset, Liability, Debt and Derivative Investment Network) is a technology platform developed by the world's largest investment management firm, BlackRock, to manage risk, portfolio construction, and trading for institutional investors. The platform was launched in 1999 and has since become a central component of BlackRock's operations. In this article, we will take a closer look at Aladdin and its impact on the investment industry.
By Suganthan3 years ago in The Swamp
$141 Million Settlement to be Issued to TurboTax Customers
Millions of American taxpayers who were eligible for free tax services but were misled into paying TurboTax will soon receive settlement checks as compensation. In a settlement reached last year, Intuit Inc., the owner of TurboTax, was ordered to pay $141 million to approximately 4.4 million individuals nationwide. These individuals, who were low-income consumers qualifying for free federally-supported tax services, were charged by TurboTax to file their federal tax returns for the years 2016, 2017, and 2018 due to deceptive and predatory marketing practices, according to New York Attorney General Letitia James.
By E.A Nich3 years ago in The Swamp