Search Results for: China Foreign Exchange Trade System

China Foreign Exchange Trade System (CFETS) joins R3 distributed ledger consortium

November 3rd, 2016 (0)
Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Headquartered in Shanghai, CFETS ...

China Foreign Exchange Trade System and Deutsche Börse sign cooperation agreement

October 29th, 2015 (0)
China Foreign Exchange Trade System (CFETS) and Deutsche Börse today entered into a strategic cooperation agreement to connect the respective markets and foster product innovation. The cooperation agreement was signed by Sun Jie, Executive Vice President of CFETS, and ...

Global trade in 2021

January 29th, 2021 (0)
  So long as the fiat-based monetary system continues with accelerated money-printing, the US trade deficit will continue to widen. This is due to the lack of a propensity among Americans to save printed dollars, now credited directly into ...

China is killing the dollar

September 23rd, 2020 (0)
  In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining ...

An unexpected systemic crisis is for sure

August 18th, 2020 (0)
  Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...

China takes battle for cryptocurrency hegemony to new stage

June 16th, 2020 (0)
Global competition for supremacy in digital currencies has entered a new phase with China’s creation of an East Asia cryptocurrency scheme and American social media company Facebook adjusting its Libra plan in line with the stance of U.S. regulators. ...

Money and the theory of exchange

October 23rd, 2019 (0)
  Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major ...

Trade wars – a catalyst for economic crisis

February 1st, 2019 (0)
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...

Why China should remove all trade tariffs

December 10th, 2018 (0)
  I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to ...

Currency exchange value dynamics

March 2nd, 2018 (0)
  In a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the ...
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