Posts Tagged ‘Transaction Settlement’
1) PARADIGM SHIFT away from a US Dollar centric world manifested as the global revolt against the US Dollar in reserves management and transaction settlement, extended from bank structures 2) colossal irresponsibility of major central banks with expanded balance sheets, money creation, and credit growth, endorsing their government profligacy 3) failure of the central bank franchise model, exhibited by the ongoing credit crisis, insolvency of banks, and desperate attempt by the US Federal Res
