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News

March 28th, 2020
The Corona recession or depression

By Dickson C. Igwe

The world economy is in the process of abysmal collapse: a major contraction in consumer demand and supply. In the USA, the current President, Donald Trump, is in denial and states that he expects the economy to begin to return to normal in April this year. Donald Trump believes economic growth precedes national health.

March 14th, 2020
CORONA: The economics of fear

By Dickson C. Igwe

The US Stock exchange has dropped into bear market territory. There has been a sustained downturn in the US stock market for the first time since Donald Trump became President in 2016.

March 7th, 2020
Corona 2: The economic fallout

By Dickson C. Igwe

With the Coronavirus outbreak, the best countries can do for now is to expect the worst, but hope for the best. OK. Corona has wiped $2.5 trillion from the value of global stocks. This is despite central bank intervention earlier this week.

February 8th, 2020
Brexit, nationalism & globalism

By Dickson C. Igwe

Donald Trump and Brexit are symbols of a new cold war within western society. This is an existential conflict between the forces of globalization, and the forces of nationalist nativism. Time alone will tell who wins.

February 4th, 2020
'Our action to BREXIT should not be a reaction!'- Claude O. Skelton-Cline

BAUGHERS BAY, Tortola, VI - Outspoken ZBVI 780 radio moderator and pastor, Mr Claude O. Skelton-Cline has challenged the people of the Virgin Islands (VI) to have more dialogues regarding the issues surrounding Brexit and the future of the VI under a United Kingdom outside of the European Union (EU).

January 31st, 2020
Cabinet approves more $$$ for Economic Substance Legislation

ROAD TOWN, Tortola, VI – The Virgin Islands Cabinet has approved an additional $150, 000 towards Economic Substance Legislation as the government makes moves to put itself in good standing with European Union (EU) requirements as an offshore financial services jurisdiction.

January 11th, 2020
Brexit & Offshore Finance

By Dickson C. Igwe

Brexit will be a boon to the offshore finance industry in the short term, at least

Will Brexit be advantageous to offshore finance? The answer could well be yes.

The European Union is pro-regulation of offshore finance for obvious reasons. The EU is much less of a deregulated economy than a Post Brexit UK is likely to become.

December 16th, 2019
Gov't rubbishes claims of developing a new digital currency

ROAD TOWN, Tortola, VI - The Virgin Islands Government has shut down claims that it is developing a new digital currency called 'BVI~LIFE' through a partnership with blockchain startup LifeLabs, as reported by some local and international media agencies.

December 14th, 2019
The Thrift Paradox

By Dickson C. Igwe

There are two types of player in the market economy: the producer and the consumer. Producers and consumers can be further described as savers and spenders; and lenders and borrowers. This is an important dichotomy of the marketplace.

November 30th, 2019
A Virgin Islands Treasury note - Part A

By Dickson C. Igwe

A Virgin Islands treasury note for specific projects is an effective means of finance and development, in a world of low-interest rates. A Virgin Islands Bond, well managed and trusted, could become legal tender for business deals internally, and on the international money and stock markets.

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