NEWS
Pope Francis: The ‘Idolatrous’ Global Economy is Near Collapse
15.06.2014
In a new interview, Pope Francis asserts that “the god of money” is the root of social problems facing the people of the world. The global economy produces war and unemployment, and therefore this economy cannot hold much longer.
“The economy is moved by the ambition of having more and, paradoxically, it feeds a throwaway culture,” Francis told to La Vanguardia’s ...
UK to Make Currency Manipulation a Crime
15.06.2014
British authorities are planning criminal penalties for those who rig benchmark financial and commodity rates. The government will soon propose rules that would criminalize manipulation of the foreign-exchange, fixed-income and commodities market rates.
Britain has already introduced a maximum seven-year jail term for trying to manipulate the LIBOR interbank interest rate, and plans to introduce similar criminal penalties for rigging benchmarks ...
Low Libor Rates Cause A Terrifying Financial Crisis
12.06.2014
“Libor” is an acronym that stands for “London Interbank Offered Rate”, that is derived from the rates that major banks charge each other for loans. As the world’s most important benchmark interest rate, the Libor is used as a reference rate for hundreds of trillion dollars worth of commercial and consumer loans, derivatives, and other financial products across the globe. ...
MMM Global team starts Webcasting promotional and educational webinars
11.06.2014
This week MMM Global team starts Webcasting promotional and educational webinars, for the purpose of a more detailed explanation of our global movement goals and objectives, as well sharing with the most productive practices in attracting new members. The most experienced and successful leaders of the system from different countries will share their experiences, talk about the most simple and ...
Global Wealth: Asia-Pacific Region Overtakes Western Europe
11.06.2014
According to a new report by The Boston Consulting Group (BCG) “Riding a Wave of Growth: Global Wealth 2014”, global private financial wealth grew by 14.6% in 2013 to reach a total of $152.0 trillion. The rise was stronger than in 2012, when global wealth grew by 8.7%. The key drivers, for the second consecutive year, were the performance of ...
