Consider a country rich in oil. Yes, the black tar liquid gold that fuels our cars, planes and trains. Think the price of an oil barrel today (~ roughly $55/barrel) and then think of all the money a country can make. Sound like a prosperous country right? Well, now think Venezuela! Venezuela has been experiencing …
Ever wondered what the world debt of $63 Trillion (yes, that is $63,000 Billion) looks like? I mean which country has what share? Well, the good folks at Visual Capitalist put a really amazing infographic out. Their numbers differ from The Economist, but then again what’s a few trillion plus or minus?
Any student of economics will tell you, that sooner or later, the Bretton Woods Agreement will come into their syllabus and what a difference it made to the world. Established in 1944, the Bretton Woods Agreement remains to be one of the most historical achievements ever made through global cooperation and coordination. The agreement was …
My first memory of cash comes from my birthday. I think it was the 5th or 6th birthday and I remember very vividly, cash being given to me in lieu of gifts. This cash was kept by my mother for safekeeping. Those were the good ol’ memories of cash. I wrote about Cash is Evil …
