stackyFACTSForget diplomatic foreign aid; the real global safety net is familial guilt. Migrant workers send hundreds of billions of dollars back to their home countries annually, single-handedly propping up developing economies and utterly dwarfing official governmental assistance programs.
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Charity is great, but getting a return on investment is better. Microfinance platforms extend tiny loans to entrepreneurs in developing countries to help them…
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You don't need a booming local industrial sector when your primary national export is people sending cash back home. In island economies like Tonga and Samoa,…
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The financial vehicle that allows billionaires to buy their third yacht was invented by a journalist on deadline. In 1949, while writing an article about…
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Banks do not actually trust each other internationally. When your local branch needs to send money to a remote corner of the globe, they route it through…
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Doing the right thing is great, but getting a cut of the settlement is legendary. Government agencies legally incentivize insiders to snitch on massive…
Discover moreIn a world obsessed with blockchain and instant digital wire transfers, the most resilient financial network on earth is run by a bunch of guys writing things…
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