Africa

Submitted by Jayant Bhandari via Acting-Man.com,

India’s Currency Ban – Part VI

India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, and Part-V, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of India and what remains of its institutions.

By Chris at www.CapitalistExploits.at

This article is a follow on from two previous articles discussing the eurodollar system. Part one can be found here, and the following one here.

Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

A new world order is coming of age and the transition is painful to accept for a Western middle class with a deep-seated sense of entitlement.

The interactive visualization you see in this post was created by data visualization expert Max Galka from the Metrocosm blog. (Also check out his new project, Blueshift, which allows users to upload data and visualize it on maps with no coding required.)

Trade is an essential part of economic prosperity, but, as Visual Capitalist's Jeff Desjardins asks, how much do you know about global trade?

Submitted by Patrick Buchanan via Buchanan.org,

In this world, it is often dangerous to be an enemy of the United States, said Henry Kissinger in 1968, but to be a friend is fatal.

The South Vietnamese would come to appreciate the insight.

So it is today with Aleppo, where savage reprisals against U.S.-backed rebels are taking place in that hellhole of human rights.

Yet, again, the wrong lessons are being drawn from the disaster.