umarsaeed

Posts Tagged ‘Euro’

Where is My Father’s Money?

In Advice, Criticism, Financial, Fresh, Uncategorized on January 3, 2013 at 1:26 PM

As some of you know, I’ve been working on a book for the last few years. Here is a sneak peak.

Praying for Euro

In Criticism, Financial, Politics, Strictly Monetary: A Series on June 6, 2012 at 8:58 PM

Panic over the potential break-up of the Euro is at its highest point. People are withdrawing wads of Euro cash from Spanish and Greek banks, hiding it under the mattress and bracing for the fallout. In the Strictly Monetary Series (Part V), I told the story of how an American bank averted crisis during the panic of the Great Depression. It’s a textbook example of how banks can survive the shock of everyone demanding their money at once (bank-run) if they can secure additional cash to appease the frantic public. You don’t beat panic with prayer; you beat it with action.

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Can Currency Be Greater Than Country?

In Criticism, Financial, Fresh, Politics, Strictly Monetary: A Series on December 30, 2011 at 11:46 AM

2011 was a landmark year. Villains were captured and killed, dictators were overthrown, and the initial step was taken in releasing an HIV vaccine. But the financial story of the year was, and continues to be, Europe’s financial crisis. It is viewed more as an inconvenience than a global cultural change. However, the world may be watching the failure of an extremely bold globalization experiment called the Euro.

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