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The Currency Myth: “Money Makes The World Go Round” The Currency Myth: “Money Makes The World Go Round” Money is everywhere isn’t it? We use it daily, we buy our goods and necessities with it. If we are working, we are making it daily. For most of us not a day goes by where we are in some way using money or thinking about money. That’s all natural of course as it has been such a huge part of our society for a long time.
RESERVE BANK ACT 1959 - SECT 11 Differences of opinion with Government on questions of policy RESERVE BANK ACT 1959 - SECT 11 Differences of opinion with Government on questions of policy [ Index ] [ Table ] [ Search ] [ Search this Act ] [ Notes ] [ Noteup ] [ Previous ] [ Next ] [ Download ] [ Help ] (1) The Government is to be informed of the Bank's policy as follows: (a) the Reserve Bank Board is to inform the Government, from time to time, of the Bank's monetary and banking policy ; (b) the Payments System Board is to inform the Government, from time to time, of the Bank's payments system policy . (2) In the event of a difference of opinion between the Government and one of the Boards (the ) about whether a policy determined by the relevant Board is directed to the greatest advantage of the people of Australia , the Treasurer and the relevant Board shall endeavour to reach agreement.
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European Parliament adopts the Directive on payment accounts15/04/2014 "With these new rules we intend to make a real difference in the lives of millions of EU citizens. Improving the transparency and comparability of fees in the payment accounts [...] will enable consumers to benefit from better offers and lower costs for their payment accounts. Universal access to basic payment accounts will encourage more people to profit from the new opportunities which derive from them". Michel Barnier Michel Barnier
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Primary Dealer Credit Facility - Wiki Primary Dealer Credit Facility - Wiki The creation of the Primary Dealer Credit Facility constitutes the first time in the history of the Federal Reserve that the Fed has lent directly to investment banks, and it reflects the severity of the financial crisis perceived by Federal Reserve Chairman Ben Bernanke.[3] Non-bank institutions such as investment banks exist outside the Fed's regulatory structure. A full detail of the nominal value of loans outstanding through the PDCF is available in the Federal Reserve's public balance sheet.[4] During the first three days the facility was open, an average of $13.3 billion was borrowed daily with $28.8 billion in loans outstanding.[5][6] Lending activity peaked in the first week of October 2008, averaging around $150 billion daily.
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Hank Greenberg - Wiki Henry Benjamin "Hank" Greenberg (January 1, 1911 – September 4, 1986), nicknamed "Hammerin' Hank," "Hankus Pankus" or "The Hebrew Hammer," was an American professional baseball player in the 1930s and 1940s. A member of the sport's Hall of Fame, he was one of the premier power hitters of his generation and is widely considered as one of the greatest sluggers in baseball history.[1] His 58 home runs in 1938 equaled Jimmie Foxx's 1932 mark for the most in one season by anyone but Babe Ruth, and tied Foxx for the most between Ruth's record 60 in 1927 and Roger Maris' 61 in 1961. A first baseman primarily for the Detroit Tigers, Greenberg was a five-time All-Star and two-time American League MVP. He was the first major league player to hit 25 or more home runs in a season in each league, and remains the American League (AL) record-holder for most RBIs in a single season by a right-handed batter (183 in 1937, a 154-game schedule). Hank Greenberg - Wiki

World debt comparison: The global debt clock

World debt comparison: The global debt clock The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms. Does it matter? After all, world governments owe the money to their own citizens, not to the Martians.
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The American National Debt : To Who Does American Owe Money?
Your Ultimate Guide to Wealth Inequality and Banking Practices
Lists of banks are contained in the following articles: List of banks in the Arab World - Each Arab country has a list of banks operating in that countryList of banks in Africa - Each country in Africa has a list of banks operating in that countryList of banks in the Americas - Each country in the Americas has a list of banks with operations in that countryList of banks in Asia - Each country in Asia has a list of banks with operations in that countryList of banks in Europe - Each country in Europe has a list of banks licensed to operate in that countryList of banks in Oceania - Each country in Oceania has a list of banks with operations in that countryList of international banking institutions - A list of International and multilateral financial institutionsList of systemically important banks - List of banks deemed systemically important by at least one major regulatorList of largest banks - List of largest banks as measured by market capitalization and total assets on balance sheet Lists of banks - Wiki Lists of banks - Wiki
Full List - 25 People to Blame for the Financial Crisis
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List of Bank Identification Numbers - Wiki List of Bank Identification Numbers - Wiki Sc This page contains a list of issuer identification numbers and to which bank or institution they are assigned. Overview[edit] The first 6 digits of a credit card number are known as the Issuer Identification Number (IIN), previously known as bank identification number (BIN), issued under the ISO/IEC 7812 standard.
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THE FED : The Federal Reserve

Banking in the United States Banking in the United States Banking in the United States is regulated by both the federal and state governments. The five largest banks in the United States at December 31, 2011 were JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs.[1] In December 2011, the five largest banks' assets were equal to 56 percent of the U.S. economy, compared with 43 percent five years earlier. The U.S. finance industry comprised only 10% of total non-farm business profits in 1947, but it grew to 50% by 2010. Over the same period, finance industry income as a proportion of GDP rose from 2.5% to 7.5%, and the finance industry's proportion of all corporate income rose from 10% to 20%.
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France Expresses Confidence in Banks After Downgrades
The New York Times - Breaking News, World News & Multimedia François Sinzikiramuka, perpetrator (left); Christophe Karorero, survivor. Jean Pierre Karenzi, perpetrator (left); Viviane Nyiramana, survivor. Godefroid Mudaheranwa, perpetrator (left); Evasta Mukanyandwi, survivor. Juvenal Nzabamwita, perpetrator (right); Cansilde Kampundu, survivor. Deogratias Habyarimana, perpetrator (right); Cesarie Mukabutera, survivor.

The New York Times - Breaking News, World News & Multimedia

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Vickers report: banks get until 2019 to ringfence high street operations | Business Britain's biggest banks are to be given until 2019 – longer than had been expected – to implement radical reform of their operations to prevent another taxpayer bailout of the system. The Independent Commission on Banking – issuing its report almost three years to the day after the collapse of Lehman Brothers which led to the major 2008 bank bailouts – said that banks should ringfence their high street banking businesses from their "casino" investment banking arms. The much anticipated final report by Sir John Vickers admitted its proposed reforms would cost between £4bn and £7bn but were more practical and less expensive than the full-scale separation of the kind that business secretary Vince Cable had called for in opposition. The ICB conceded that its reforms were "deliberately composed of moderate elements" but insisted "the reform package is far-reaching".
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Oxford University, Department of Economics | John Vickers
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