Libya’s fragile economy is facing renewed turmoil as the Central Bank of Libya launches an emergency recall of 50 and 20 dinar banknotes after uncovering a massive wave of counterfeit currency in circulation. Authorities say the fake banknotes many allegedly printed in Russia under a rival administration during the country’s political divide have triggered a […]
The Bank of Japan (BOJ) is expected to hold interest rates steady next week as it navigates growing economic headwinds, including renewed U.S. tariffs, slowing global demand, and currency market volatility. The cautious stance reflects ongoing uncertainty surrounding Japan’s export-driven recovery. In a statement released ahead of the upcoming policy meeting, BOJ officials signaled that […]
Federal Reserve Chairman Jerome Powell has been criminally referred to the Department of Justice (DOJ) for alleged perjury, and it’s about time someone called out the central bank’s shenanigans. This isn’t just a bureaucratic slap on the wrist—it’s a direct challenge to the Fed’s ivory tower, exposing the rot of unaccountable power and reckless spending […]
President Trump has urged Federal Reserve Chairman Jerome Powell to resign immediately or risk being removed for allegedly lying to Congress. The reason behind this call? A $2.5 billion renovation of the Fed’s headquarters, designed to resemble a modern-day Versailles, which was kept hidden from the public, funded by taxpayers, and denied under oath by […]
In June 2025, the European Central Bank (ECB) reported that gold surpassed the euro to become the second-largest global reserve asset by market value, trailing only the US dollar. Gold accounted for about 20% of global official reserves at the end of 2024, overtaking the euro’s 16%. This shift was driven by a 30% surge […]
The Federal Reserve held interest rates steady but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies. The economy overall has “continued to expand at a solid pace,” the Fed said in a policy statement, […]
The Bank of England (BoE) lowered its benchmark interest rate by 25 basis points to 4.25% on Thursday, aligning with market expectations amid rising concerns over the economic impact of new U.S. tariffs. The move is the BoE’s first rate cut in over a year and signals the beginning of a potential easing cycle to […]