United States

Authored by John Ivison via NationalPost.com,

Participation in the ballistic missile defence program would be costly, but, amid nuclear threats, it appears Canada is no longer under the protective umbrella of the U.S.

Politicians approach most subjects with open mouths, but they are rarely at a loss for words.

That’s why the testimony at a House of Commons defence committee, specially convened to consider the thorny problem that is North Korea, was so memorable.

New cryptocurrencies are emerging almost daily, and many interested parties are wondering whether central banks should issue their own versions. But what might central bank cryptocurrencies (CBCCs) look like and would they be useful? This feature provides a taxonomy of money that identifies two types of CBCC - retail and wholesale - and differentiates them from other forms of central bank money such as cash and reserves.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Review & Update

Two weeks ago, I noted:

In its latest annual summary published at the end of June, the IIF found that total nominal global debt had risen to a new all time high of $217 trillion, or 327% of global GDP...

... largely as a result of an unprecedented increase in emerging market leverage.

During an appearance CNN’s “State of the Union” Sunday morning, US Ambassador to the United Nations Nikki Haley admitted something that most of the international community – perhaps including Kim Jong Un himself – has known for weeks: The United Nations Security Council has just about reached the limit of its ability to economically punish North Korea.