President Lee calls for urgent reforms, warning that South Korea's financial system risks entrenching a 'financial caste' and demanding swift solutions.
#YonhapInfomax #PresidentLee #FinancialSystem #Reform #SouthKorea #CasteSystem #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90717

Trump’s 50-Year Mortgage Idea Is Basically Just Renting Forever

So, Trump recently floated this idea of a 50-year mortgage — and honestly, it’s one of the most absurd, dystopian financial ideas imaginable. Let’s break this down, because it’s not just bad economics — it’s bad for everyday people, bad for homeowners, and good only for the banks and real estate speculators who want to keep us paying forever. A 50-year mortgage isn’t a dream of homeownership — it’s a nightmare of lifelong debt. You wouldn’t own your home; you’d just be […]

https://theinterfaithintrepidart.com/2025/11/11/trumps-50-year-mortgage-idea-is-basically-just-renting-forever/

Federal Reserve Chair Jerome Powell downplays concerns over systemic risk, stating leverage in the financial system remains contained.
#YonhapInfomax #Powell #FinancialSystem #Leverage #FederalReserve #SystemicRisk #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=88055
Powell Says 'Not Seeing Excessive Leverage in the Financial System'

Federal Reserve Chair Jerome Powell downplays concerns over systemic risk, stating leverage in the financial system remains contained.

Yonhap Infomax

African Nations Shift from Western Financial System to China's Cross-Border Payment Network

It's about time Africa moves away from the West's control. Replacing SWIFT with China's CIPS could be a game-changer, but we have to ask: Is this a true shift in power, or just swapping one dependency for another? We'll see if the yuan can truly stand up to the dollar.

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Paxos Stablecoin Glitch: $300 Trillion Error Shocks Crypto Market

Paxos, PayPal’s crypto partner, mistakenly minted $300 trillion in stablecoins within 20 minutes, raising concerns over transparency.

https://www.olamnews.com/economy/3060/paxos-stablecoin-glitch-300-trillion-error/

As BRICS nations explore the possibility of a common currency, the question arises: Could it challenge the dominance of the U.S. dollar in global trade? #BRICS #Currency #Dollar #GlobalTrade #Economy #Finance #Geopolitics #USDollar #EmergingMarkets #FinancialSystem #GlobalEconomy #Trade #BRICSCurrency #MonetaryPolicy #InternationalTrade

https://kokcha.news/8826/?utm_source=mastodon&utm_medium=jetpack_social

Will the BRICS Currency Replace the Dollar?

As BRICS nations explore the possibility of a common currency, the question arises: Could it challenge the dominance of the U.S. dollar in global trade? #BRICS #Currency #Dollar #GlobalTrade #Econo…

Kokcha News

#Somaliland secures #AssociateMembership in #IADI, strengthening its #financial ties with #Taiwan. This milestone enhances Somaliland's integration into the global #FinancialSystem & underscores its commitment to #InternationalStandards.

https://saxafimedia.com/somaliland-associate-membership-iadi-taiwan/

Somaliland Secures Associate Membership In IADI, Strengthens Financial Ties With Taiwan | Saxafi Media

Somaliland has secured associate membership in the International Association of Deposit Insurers (IADI), a move officials hailed as a breakthrough for the Republic of Somaliland’s efforts to integrate into the global financial system.

SaxafiMedia
#Trump expands 50% #steel and #aluminum #tariffs to include 407 additional product types - https://www.cnbc.com/2025/08/19/trump-trade-steel-aluminum-tariffs-.html - #destroy #US #economy #financialsystem #trump #maga “By my count, the steel and aluminum tariffs now affect at least $320 billion of imports based on 2024′s general customs value of imports,” Jason Miller, a professor of #supplychain management at Michigan State University, wrote on LinkedIn. That is a substantial increase from his prior estimate of roughly $190 billion."
Trump expands 50% steel and aluminum tariffs to include 407 additional product types

President Donald Trump has often relied on sector-specific tariffs to enact his sprawling trade agenda.

CNBC