Global Financial Crisis

•Mon. 27 May 2024: Argentina's Peso has plummeted to an all-time low against the U.S. Dollar on the Black Market (which is where Argentineans go to convert to USD).
• Mon. 27 May 2024: The government of Maldives confirmed that BRICS members India and China have agreed to accept local currencies for imports and ditch the US dollar. https://watcher.guru/news/brics-india-china-agree-to-ditch-us-dollar-for-imports
• Mon. 27 May 2024: Hong Kong is one of the few open market economies that we have. Vietnam is about to become one in July. There will be many more, and the changes in currency rates will be determined by these changes. …Goldilocks
• Mon. 27 May 2024: Philadelphia-based Republic First Bank has been seized by regulators, says the FDIC. In a surprising turn of events, Philadelphia-based Republic First Bank has become the latest casualty in a string of bank failures that have shaken the financial sector since last spring. The bank, with $6 billion in assets, was seized by regulators due to challenges stemming from the current high-interest rate environment, marking it as the first bank failure of the year. This event has once again raised concerns about the stability of the banking sector and the potential impact on the global economy. …US Debt Clock on Telegram Mon. 27 May 2024
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