Category Archives: International News

Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills

Venezuela’s highest denomination bill in circulation, 100 bolivars, is worth approximately 8 cents on the black market now. And though Maduro and the local government sternly refused to admit reality they are now having to change their tune. They are planning to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill. The new coins and notes will go up to 20,000 bolivars, making the biggest note worth about $15 on the black market.

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Why There’s a War on Cash in Europe

The debate on cash is heating up right now. European governments and central banks have stepped up capital controls in the last few years, cash has become a major hurdle for conventional monetary policy. As a result, many economists and high-ranking government officials have routinely argued in favor of abolishing cash. Although most European citizens do not approve further restrictions on cash, the outcome of the political debate remains uncertain.

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Why Syria Matters To You

The war in Syria is significant in two ways. First, the outcome can reshape the Arab Middle East. Second, and perhaps more important, Syria is not simply about Syrians. The US, Russian, Iranian, Turkish, and French forces are engaged there along with the Islamic State (IS), al-Qaida, and secular Arabs. The Saudis and the rest of the Arab monarchies also […]

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Chinese, Russian Navies Launch Largest Ever Joint Drill In South China Sea; Send Message To Washington

Perhaps it is not a coincidence that on the 15h anniversary of Sept11, China’s navy announced earlier that China and Russia will hold eight days of naval drills in the South China Sea off southern China’s Guangdong province starting from Monday. The exercises, previewed here at the end of July, come at a time of heightened tension in the contested […]

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