A new International bank called BRICS (An acronym for the economies of Brazil, Russia, India, China and South Africa combined) was recently launched in an apparent effort to break the dominance of the US dollar in global trade, as well as dollar-backed institutions such as the International Monetary Fund (IMF) and the World Bank. The […]
Senate issues resolution 448 on situation in Ukraine that doesn’t necessarily reflect the will of the American people
On May 15, 2014 Senator Rubio and Senator Cruz issued a resolution on the situation in the Ukraine which was referred to the Committee on Foreign Relations. It doesn’t however necessarily reflect the will or sense of the people of America. It reads as follows: “S. Res. 448 – Whereas the territorial integrity of Ukraine has […]
West Africa Single Currency: The Lesson To Learn From European Single Currency By Dr. Mehenou Amouzou
(1888 PressRelease) Before talking about a single currency or economic association between the states members, we need to examine the current political structure that allows a single faction to confiscate power for twenty years or more. Western Africa states which are represented by Economic Community of West African States (ECOWAS), a commission comprised of countries […]
Legislation designed to send a “strong message” to President Putin that there will be real consequences to the use of brute force in Ukraine, says Senator Leahy
On April 2, 2014 Senator Leahy of Vermont asked for permission to address the United States Senate regarding the situation in Ukraine: “Mr. President, yesterday afternoon a bipartisan majority in the House of Representatives passed Senate legislation to provide loan guarantees to Ukraine and to impose sanctions on certain Ukrainian and Russian officials. This legislation […]
Dick Durbin of Illinois calls referendum in Crimea “phony”, urges Senate support of Ukraine
On March 25, 2014 Senator Dick Durbin of Illinois asked for and was granted time to address the full Senate regarding the situation in Ukraine: “Mr. President, I listened carefully to the comments of the minority leader, Senator McConnell, and he is asking for bipartisanship and quick action on the Ukrainian matter before the Senate today. I agree […]
Nigeria’s Mismanagement of Naira and structural liquidity: What happened to 1kobo, 5k, 25K, N1, N5?
The most effective indicator for measuring and evaluating the state of a country’s economy apart from GDP is the currency of a nation. Most countries of the world keep their foreign exchange reserve in dollar. United States dollar is the global currency of transaction and business dealings due to its effectiveness in retention of value […]
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