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China

Why We Should Want the Return of a Two World System

Posted February 16, 2015 by Ian Welsh

Before the collapse of the Soviet Union, there was a two-world system. If you didn’t like the deal that US was offering you, you could go the USSR.  If you didn’t like the deal Russia was offering you could go to the US. While the US probably offered a better deal, especially in later years, […]

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General

Russia Creates Its Own Payment System

Posted February 15, 2015 by Ian Welsh

This is important: Almost 91 domestic credit institutions have been incorporated into the new Russian financial system, the analogous of SWIFT, an international banking network. The new service, will allow Russian banks to communicate seamlessly through the Central Bank of Russia. It should be noted that Russia’s Central Bank initiated the development of the country’s own messaging system in response to repeated threats […]

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Allan's Perspective

You’re a million dollar baby!

Posted November 18, 2014 by Allan W Janssen

Dear Readers: Let this be a warning to be very careful where you go on vacation, and then make sure you have proper insurance! A dream vacation has turned into a financial nightmare for one Saskatchewan couple, after a mom-to-be gave birth while on holiday in Hawaii. Jennifer Huculak and her husband have been saddled […]

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