World Paper Money To Be Replaced By Electronic-digital Currency

World Paper Money To Be Replaced By Electronic-digital Currency

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Rising bond yields forced Argentina to turn to other lenders for funding reinforcement. Earlier I mentioned how the IMF stepped in. Argentina then broadened its request to entire world Bank and also the U.S. Treasury. In the U.S., currently have already mentioned support with the Fed. Despite all this support and QE action, bond yields in the U.S. are stored on the rise, predictably.

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In July of 2001, Standard and Poor's (S&P) cut the financing rating of Argentina. S&P did by permitting to the U.S. rating 10 years later (2011). There was uproar your halls of Congress about this even though arguably, minimized credit rating could attended much more rapidly. To make matters worse, Oughout.S. credit agencies granted pristine ratings to mortgage-backed securities their particular heyday. Fitch, another credit agency, is warning of further action against the U.S. 12 months.