“FRAUDULENT” fraud•u•lent/ˈfrôjələnt/ Adjective: 1. Obtained, done by, or involving deception, esp. criminal deception: “the fraudulent copying of American software”. 2. Unjustifiably claiming or being credited with particular accomplishments or qualities. Synonyms: deceitful – dishonest – deceptive Merriam-Webster – The Free Dictionary When the Euro was created on January 1, 1999, the following criteria were to [...]
In December of 2011 economic experts across the globe are making their predictions for the coming year. Predicting any event is a game of chance. The Universe is so complex that trying to see what will happen in the pages of the future is impossible. Even in our own lives, predicting what will happen to [...]
Angela Merkel is out to save her banks and her exporting factories even if she has to kill all her German citizens. The German mentality of “We will do it or die trying†has not disappeared. This is just like the end of the Second World War when Germany struggled to stay alive as Russia [...]
Now that multinationals can trade with Chinese customers and suppliers in renminbi, CFOs have a new option to weigh. China is moving quickly to expand its financial presence in the world, making its currency (renmimbi) available is essential for that expansion. China’s Currency Conversion By Vincent Ryan, from CFO Magazine Three years ago, China’s policy [...]
Gold May Rise, Extend Longest Winning Streak in Nine Decades, on Debt Woes By Nicholas Larkin and Glenys Sim, from Bloomberg Gold may rise for a 12th day after touching a record in the longest winning streak in at least nine decades as debt concerns in Europe and the U.S. spur demand for a protection [...]
The Chinese Sub-Prime Disaster is Coming From Bloomberg Workers toil by night lights with hoes, carving out the signs for Olympic rings in front of an unfinished 30,000-seat stadium, bulb-shaped gymnasium and swimming complex in a little-known Chinese city. Loudi, home to 4 million people in Chairman Mao Zedong’s home province of Hunan, is paying [...]
China plans global role for renminbi By Peter Garnham China has kick-started a major plan to internationalise the renminbi and the process is likely to be faster than many expect, according to HSBC. If successful, this could lead to nearly $2,000bn in annual trade flows, or as much as 50 per cent of China’s total, [...]
