Articles About Global Financial System

In his semi-annual testimony before the House Financial Services Committee, Federal Reserve Chairman Ben Bernanke said that although the economy is exhibiting “tentative signs of stabilization,” he plans to maintain a “highly accommodative” monetary policy for the time being.  According to Bernanke, “The pace of decline appears to have slowed significantly.  In light of the […]

$70 trillion dollars.  That’s all the money in the world, or to get technical, the subset of global savings known as fixed-income securities.  And it almost doubled from $36 trillion in just six years.  How did this happen? The Federal Reserve presided over the creation of what we have learned (the hard way) is a […]