... from $22.7 to $26.7 trillion. This is the largest increase in U.S. national debt ever. A considerable amount of this debt is financed through the extraordinary growth of the U.S. stock market, which currently accounts for
over half
of the combined capitalization ... ... financial system as we know it will collapse and a new model will take its place.
If the first scenario plays out, then the world economy will most likely continue to function in the same institutional format that we know today. If the second scenario ...
... survive.
Corporate Capitalism
Igor Ivanov:
Rethinking International Security for a Post-Pandemic World
The liberalization of the world economy that was an integral part of Reaganomics and Thatcherism opened up unlimited opportunities for corporations to explore ... ... This category of banks makes money through payment services only. With 100 per cent reserves, the government is thus able to finance its expenses at a zero-interest rate and does not have to resort to expensive loans. Accordingly, the issuance of risky ...
... economic and financial leader (China). Will Beijing manage to build its own system of global institutions, one that is capable of internationalizing the yuan and competing against the U.S. currency when it comes to servicing global flows of commodities and finance? In order to answer this question, we need to look at the trends of the global financial architecture as it stands today and identify the strengths and weaknesses of the U.S. and Chinese financial systems.
Igor Ivanov:
The Belt and Road Initiative: ...
