The Global Banking Financial Crisis's and Its Impact on Developing Nations: Case Study Africa

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The Global Banking Financial Crisis 's and Its Impact on Developing Nations: Case Study Africa

(1888 PressRelease) The Global Banking Financial Crisis 's and Its Impact on Developing Nations: Case Study Africa.

For several decades the public has witnessed the shift of world global economic policies from countries ' production and stable economic indicators, to wild crazy speculations and market derivatives created to hide the real cause of economic instability which is the printing of the fiasco money and fiscal policy! Plainly stated we cannot continue to run and hide, the problem will not eradicate itself. We have no other alternative than to face what rulers of globalization have created and the consequences.

The FED and the
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Conclusively, the stimulus money received by banks and insurance companies alternatively belong to the taxpayer, so far banks receive these funds and still traction persists creating a downward spiral for the worse.

Today, central bankers are more powerful than the heads of state as such central bankers play a very important role in the shape and complexion of the world 's economy. Central banks are like other institutions which are in the business to make profits, but the fallout and consequences are grossly different. Since last December the US Federal Reserve posted capital as $54 billion and $3.57 trillion in assets. This is less than 1.513% cash to asset or liquidity ratio and it becomes worse every month; the European Central Bank 3.68%, Bank of Japan 1.93%, Bank of England 0.8426% and Bank of Canada 0.531%. In 2008 when Lehman Brothers filed for Bankruptcy, they had almost $691 billion of assets and $22 billion of equity; this represents an average of 3% equity to asset ratio.

Each of these Central Banks: The European Central Bank, Bank of Japan, Bank of England, and Bank of Canada are in average, below the level of Lehman Brothers when it filed for bankruptcy; this should conclude that these central banks days are numbered and bankruptcy is imminent. Evidence supporting this conclusion is based on the presumption that the aforementioned central bank 's corresponding

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