The world of money

There are basically two ways to fake a statistic: Winston Churchill’s famous quote “I only believe in statistics I doctored myself” is a reference to the first way, often used by governments for propaganda purposes. They operate with a simple ‘fake input numbers – fake output statistics’ mechanism to mislead the unaware public to get re-elected. A poor political game …

When you pay for your cumparaturi with a plastic card, you perform a cashless transaction. This system has a long history with many chapters. Bartering was once a standard- method of payment used around the globe long before currency was introduced. A farmer would bring a chicken to town in exchange for warm clothes for his children for instance. In …

One of the first official visits paid by Hans Klemm, the newly appointed US-Ambassador to Romania, was to the Ford plant in Craiova. The US car manufacturer is considering a new investment in Romania that could considerably increase the current output. For US-Ambassador Klemm, the visit in Craiova has had a particular note – his father had been a process …

Who is the most influential when it comes to ‘money & power’ around the world? Goldman Sachs comes up quickly, others point at the Federal Reserve but the real king of global money-managment is rarely mentioned, because the name is pretty unfamiliar outside financial circles. Within 3 months of 1986, a 34 year old manager in the fixed income division …