Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56586 Sun, 26 Apr 2015 17:47:28 GMT The ECB Needs to Know Its Place iehi-feed-56585 Sun, 26 Apr 2015 17:46:03 GMT The migrants who took over a Sicilian palace iehi-feed-56584 Sun, 26 Apr 2015 16:17:36 GMT Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B iehi-feed-56581 Sat, 25 Apr 2015 14:00:48 GMT Gold, the SDR and BRICS - Alasdair MacLeod The Americans' blocking of reform signals her desire to preserve the dollar's hegemony; but given she lost out spectacularly over the creation of the Asian Infrastructure Investment Bank, IMF reform could become the next serious threat to the dollar's dominance. And if America does not back down over the IMF and the SDR, she will have no fall-back position; China on the other hand still has some aces up her sleeve.

One of them is gold, and another is her role in a rival organisation established by the BRICS. The New Development Bank (NDB) is in the final stages of being set up, driven by frustration at America's attempts to protect the dollar's role and to keep the IMF as an exclusive club for advanced nations. Instead, the NDB could easily issue its own version of the SDR with [a gold backing]...

iehi-feed-56579 Sat, 25 Apr 2015 13:53:43 GMT China bad debt spikes by more than a third iehi-feed-56578 Sat, 25 Apr 2015 13:51:21 GMT Greece, euro zone no closer to bailout deal after tough talks iehi-feed-56577 Sat, 25 Apr 2015 13:49:47 GMT The Greek crisis has a new buzzword: Grimbo iehi-feed-56574 Fri, 24 Apr 2015 23:34:44 GMT ECB Buys Negative Yield Covered Bonds; Trade Guaranteed to Blow Up iehi-feed-56565 Thu, 23 Apr 2015 15:07:35 GMT China's Stealth Gold Reserves To Quadruple as IMF Seeks Answers iehi-feed-56564 Thu, 23 Apr 2015 14:56:17 GMT Leaked: Obama aide ready for diplomatic war of attrition with Russia iehi-feed-56563 Thu, 23 Apr 2015 14:53:14 GMT Sea Of Liquidity: 3M Euribor Negative for First Time ($5.3 TRILLION In Negative Yield Gov't Bonds) iehi-feed-56562 Thu, 23 Apr 2015 14:52:15 GMT BIS president in 1981: We've got to start rigging the gold market iehi-feed-56560 Thu, 23 Apr 2015 03:28:30 GMT QE Forever, as Japan's Central Bank Stuck iehi-feed-56558 Thu, 23 Apr 2015 01:04:26 GMT Obama's fast-track trade plan forced to slow start by liberals iehi-feed-56555 Wed, 22 Apr 2015 17:14:44 GMT The Mystery Of China's Gold Holdings Is Coming To An End iehi-feed-56553 Wed, 22 Apr 2015 13:34:41 GMT This tiny European state may trigger a Grexit iehi-feed-56552 Wed, 22 Apr 2015 13:19:40 GMT Ukraine Has 1 Month to Avoid Default iehi-feed-56549 Tue, 21 Apr 2015 16:36:55 GMT JPMorgan's Aggressive "Silver Stacking" May Be Harbinger of "Terminal Phase" of Global Monetary System iehi-feed-56548 Tue, 21 Apr 2015 16:32:03 GMT Major Chinese Developer Says It Can't Pay Dollar Debts iehi-feed-56546 Tue, 21 Apr 2015 15:40:52 GMT Sanctions will cost Russia more than $100 billion: Medvedev