Alexander Reed Kelly / TruthdigMar 24, 2013
It's a virtual currency that travels beyond the reach of banks and centralized regulatory institutions and allows you to transfer money to anyone with an Internet connection, anywhere at any time. Dig deeper ( 1 Min. Read )
Alexander Reed Kelly / TruthdigJan 4, 2013
Residents of the Greek city Volos -- some of whom have lost up to 40 percent of their disposable income -- have taken to bartering or using alternative currency to survive the worst economic crisis in modern times. Dig deeper ( 2 Min. Read )
By Ellen Brown, TruthoutMar 8, 2012
Conventional wisdom holds that government bureaucrats are bad businesspeople. But around the world, the many countries with strong public banking sectors generally have strong, stable economies. Dig deeper ( 6 Min. Read )
Staff / TruthdigMar 26, 2011
European Union financial officials meeting in Brussels have agreed on the setting up of a permanent bailout fund, even as Portugal reportedly teeters on the precipice of financial collapse. Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 4, 2011
You know Fox News is all over this story: The Utah House of Representatives is fixin' to vote on a measure that would make gold and silver coins a viable alternative to the boring -- and inflation-prone -- forms of currency currently in national circulation. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 30, 2010
Like a well-financed and politically powerful parent, the European Union has agreed to implement tougher rules for euro zone countries that overspend and over-borrow to “deter bad budgetary behavior” that could lead the currency into yet another crisis. Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 30, 2010
Although the measure has almost no chance of passing the Senate, the House voted 348-79 to give President Obama the power to put tariffs on all Chinese imports. The legislative hissy fit is clearly intended to sate economically vulnerable voters who view China as a jobs threat. Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 25, 2010
In a fascinating tale of international financial intrigue, the Wall Street Journal reveals how a secret task force of European leaders -- dubbed “the group that doesn't exist” -- was formed in 2008 to prevent the collapse of the eurozone, which could have triggered another global economic tsunami. Dig deeper ( 1 Min. Read )
Staff / TruthdigJun 4, 2010
A new kind of specter is haunting Europe: debt. Hungary's new prime minister is reported to have said that there is only a slim chance that his country will evade a Greek-style debt crisis, a comment that sent domestic markets into a tizzy and saw the Hungarian currency drop more than 2 percent. Dig deeper ( 1 Min. Read )
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