Friday , 19 April 2024

Tag Archives: International Monetary Fund

Soros: New Financial System Needed to Avoid Another Crisis

The crucial factor in the crash of 2008 is that it was not due to some exogenous event or extraneous shock but by the system itself. That means that the prevailing paradigm, the efficient market hypothesis basically has been proven wrong. As such, the task ahead is not to restart the economy and the financial system but to create a new system because the old system has broken down. Words: 1285

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Financial Elite’s Behavior Has Opened Floodgates for Gold (+2K Views)

In spite of philosophical differences in many areas of politics and economics, Ron Paul and Simon Johnson agree that the cosiness that exists between the U. S. Congress and the financial elite has not worked, and is not working, in the best interest of the average American. They both suggest that major changes must be made in that relationship to strengthen the American economy. Is it too late, however, to avoid the repercussions of an even weaker greenback, rising inflation and the opening of the floodgates in the price of all investments related to gold and silver? Words: 1336

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