Productivity in Europe is slowing, putting a damper on real wage increases, the International Labour Organization (ILO) has found. In its “World Employment and Social Outlook Trends 2025” chapter, the ILO highlights that labour productivity has declined since the COVID-19 pandemic. Real labour productivity per hour worked in the EU-27 economies fell by 0.1% per …
Banks’ exposure to government debt will bring economic collapse
Crises are never caused by excessive exposure of businesses and individuals to risky assets. Crises can only happen when investors, governments and households accumulate risk in assets where most people believe there is little to no risk – namely government bonds. The recent sell-off and the underlying trend What does the recent sell-off in US …
Citizens, be careful, in Revolut and Viva Wallet, are the funds sufficient?
Let’s be careful… we raise the issue of capital adequacy for Revolut and Viva Wallet in the event of an adverse scenario and what risks consumers – depositors may take out of ignorance. Revolut Revolut has been involved in fraud many times in the past and a lot of money has been lost. A search …
The specter of the IMF hangs over Britain and the new debt crisis
The latest turmoil in UK bonds has drawn comparisons to the collapse of Liz Truss’s 2022 mini-budget, but a parallel with the debt crisis of the 1970s may be more apt. About ten days ago the British pound came under sustained downward pressure amid a fall in the value of UK government bonds, which arose …
Inflationary money: foundation of uncontrolled state growth – destruction of economic & social freedoms
The rulers and the ruled in the Western world have long succumbed to a particularly demonic temptation: the replacement of commodity (or precious metal) money with unbacked, state-issued money, known as fiat money. In a sense, they have been seduced by the alluring prospect of securing the power to increase the quantity of money arbitrarily …
The huge Public debt and Budget deficit, the trade war and the… problem with the dollar
Investors around the world spent much of 2024 worrying about China’s problems with the housing market and deflation. In 2025, it’s the US’s turn to be the star of the negative scenarios. While Donald Trump’s trade war is making headlines, the rapid decoupling between US net foreign investment and the level of federal debt is …
Trump’s Tariffs – US Economic Suicide – and the Gold Standard
On November 30, 2024, US President-elect Donald Trump threatened the BRICS nations – Brazil, Russia, India, China, South Africa, Iran, Ethiopia, Egypt and the United Arab Emirates, as well as other states in the process of joining – with 100% tariffs on their exports to the US if they dare to attempt to replace the …
Russia: Oil – natural gas with Bitcoin and foreign exchange reserves in digital gold
Bitcoin and the BRICS group are seen as weapons to reduce Russia’s dependence on the dollar, according to President Vladimir Putin’s monetary strategy. Due to the inability to access the global financial system and international markets, Russia has to choose alternatives, such as trading in local currencies of allied states and even using its gold …
How is the financial engineering tool -synthetic risk transfer (SRT) disintegrating the Global Financial System?
New products reminiscent of the subprime era and which may create negative vicious cycles and crises are being launched by global bankers, reaping temporary benefits but at the same time questioning the stability of the international financial system. SRT – synthetic risk transfer is one of the hottest financial engineering tools today. The SRT tool …
The return to the gold standard and blockchain are killing the dollar
The changing dynamics of global trade and the economy have intensified the search for a stable, universally accepted unit of account for international settlements. Recent geopolitical tensions, such as Russia’s exclusion from the SWIFT payment system, have accelerated efforts to find alternatives to the dollar. In response, the BRICS nations – which include Brazil, Russia, …