The Global Banking Financial Crisis's and Its Impact on Developing Nations: Case Study Africa
The Global Banking Financial Crisis 's and Its Impact on Developing Nations: Case Study Africa
(1888 PressRelease) The Global Banking Financial Crisis 's and Its Impact on Developing Nations: Case Study Africa.
For several decades the public has witnessed the shift of world global economic policies from countries ' production and stable economic indicators, to wild crazy speculations and market derivatives created to hide the real cause of economic instability which is the printing of the fiasco money and fiscal policy! Plainly stated we cannot continue to run and hide, the problem will not eradicate itself. We have no other alternative than to face what rulers of globalization have created and the consequences.
The FED and the Bank of Japan, have for decades, pioneered the premise that to stabilize an economy more money must be printed. This extra money can be used to fight inflation and other economic pitfalls. The European Central Bank has followed the cause with competition and even surpassed others in the last 20 years by its creation and printing of money to become one of the Apex Printing Houses followed by the Bank of China for the same reasons previously mentioned.
This central bank money manipulation has been a scheme with the consequences postponed for later. During this process, the Social Security 's retirement funds, pension 's funds and other equity funds have made it possible for governments to borrow money using these governments ' control of certain municipalities and countries as collateral to guarantee payment. How can a government who is insolvent guarantee payment to other institutions? These schemes have been growing and developing across the world.
As a result of these lending practices, many Central Banks around the world are and have been becoming very powerful and often oversee government activity in borrowing nations. It is good to have the independence of any Central Bank but when independence grows into ownership by a
(1888 PressRelease) The Global Banking Financial Crisis 's and Its Impact on Developing Nations: Case Study Africa.
For several decades the public has witnessed the shift of world global economic policies from countries ' production and stable economic indicators, to wild crazy speculations and market derivatives created to hide the real cause of economic instability which is the printing of the fiasco money and fiscal policy! Plainly stated we cannot continue to run and hide, the problem will not eradicate itself. We have no other alternative than to face what rulers of globalization have created and the consequences.
The FED and the Bank of Japan, have for decades, pioneered the premise that to stabilize an economy more money must be printed. This extra money can be used to fight inflation and other economic pitfalls. The European Central Bank has followed the cause with competition and even surpassed others in the last 20 years by its creation and printing of money to become one of the Apex Printing Houses followed by the Bank of China for the same reasons previously mentioned.
This central bank money manipulation has been a scheme with the consequences postponed for later. During this process, the Social Security 's retirement funds, pension 's funds and other equity funds have made it possible for governments to borrow money using these governments ' control of certain municipalities and countries as collateral to guarantee payment. How can a government who is insolvent guarantee payment to other institutions? These schemes have been growing and developing across the world.
As a result of these lending practices, many Central Banks around the world are and have been becoming very powerful and often oversee government activity in borrowing nations. It is good to have the independence of any Central Bank but when independence grows into ownership by a