Search Results for: Covid

As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created

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109 years ago, los Estados Unidos. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, más que 96% of the greenback’s purchasing power has been erased…

Remesas a países de bajos y medianos ingresos en 2022 Subido por 5% a $626 Miles de millones: último informe del Banco Mundial

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Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% a $626 mil millones, the World Bank Migration and Development Brief has said. África, where the cost of sending $200 averaged 7.8%…

Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

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Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on…

El yuan alcanza un nuevo mínimo frente al dólar estadounidense mientras los inversores reaccionan al respaldo de la oferta del presidente chino para el tercer mandato

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The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the…

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 billones

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A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. índice de precios al consumidor (IPC) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt…

Moody's States La inflación está afectando la recuperación económica en parte de Latam

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Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brasil, Chile, and Mexico are said to be the countries more affected by…

Colombia planea lanzar moneda digital para reducir evasión fiscal

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The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made by citizens. The proposed measure would also…

La Gran Agenda de Reinicio de WEF Continúa Obteniendo un Rechazo Significativo de los Críticos

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Amid the Covid-19 pandemic in 2020, the world’s bureaucrats, financial institutions, multinational corporations, and international organizations started promoting the Great Reset concept, an idea launched by the World Economic Forum (FEM) that claims to bolster a greener and fairer world. Ya que…

Nuri de intercambio criptográfico alemán se declara insolvente

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Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured….