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Basel Committee

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Gold Passions Around Basel III

The validation of the Basel III standards in a number of countries in 2013 is a serious indication that gold has returned to the world of money. We are not yet talking about the classical gold standard, of course, whereby banks are able to freely exchange paper money for metal. But metal may become more widely used to cover banks’ liabilities and be a financial asset of the «highest authority». Who knows, maybe in the future, when banks have accumulated enough gold, the issue of the reinstatement of the gold standard will be put back on the agenda...  

Valentin KATASONOV | 09.05.2013




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OUR COLUMNIST
    Finian CUNNINGHAM

UK Conservatives in another ‘Victory’ for British Establishment

For the past 100 years, Britain has been ruled for most decades under the Conservative party. The Tories can be thus considered the «establishment party» of British politics. This dominance is not simply a reflection of democratic choice by the British electorate. It is rather because Britain’s system of parliamentary democracy is one of the most regressive and anti-democratic among modern nation states. In many ways, Britain’s ruling establishment has prevailed again and again – in spite of democratic choice...

22.05.2015
 
 
 
 
 
 
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