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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
    Alexander DONETSKY

Why Are Southern and Eastern Ukraine Rebelling?

The popular protest in the southeastern regions of Ukraine against the nationalists who carried out an armed coup d’état in Kiev is being linked - at the instigation of the U.S. State Department - with Russia's interference in the internal affairs of a neighboring country. In fact, the outbreak of the civil protest movement in these industrial regions has nothing to do with the supposed schemes of Russian intelligence agencies. The immediate impetus for current events came from the seizure of power in Kiev by interest groups with an aggressive anti-Russian ideology; the deeper cause of the movement is rooted in the ethnic composition of the population and the history of the settlement and development of these lands...

23.04.2014
 
 
 
 
 
 
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