The German-born and British-based economist Detlev Schlichter warns us of the impending dollar doom. According to him, the world’s major currencies, the dollar, the euro and the yen, are destined to crash as they are locked in a race to the bottom. The only remaining question is which one will crash first.

He argues that we are only partially through a market meltdown that will be even worse than the Great Depression. One fact he employs to support his argument is that “U.S. industrial production is 12 times higher now than it was in 1929, but the amount of U.S. dollars in circulation is 200 times higher.”

Another fascinating piece of evidence Detlev uses is the history of paper money in China. The Chinese invented paper and ink, which quickly led to the creation of paper money. By tracking the development of paper money through a number of dynasties, he draws the conclusion that “all of these experiments ended with worthless currencies.” The underlying argument is that paper money will eventually get depreciated.

Founded in 2008, Groupon, the Chicago-based daily-deal giant, is a good example of entrepreneurship. Groupon is the first company to tap into the power of collective buying with its daily deals, identifying a new market and providing it with a unique service. Through the demonstrated innovation, it has gained various competitive advantages, which should have led to the rapid creation of a substantial amount of wealth. However, this is not the case for Groupon, which is currently running at a net loss. On the other hand, as a tech firm and a newer business, I would be rather surprised if Groupon is actually earning a profit. After all, given a young market that still needs some development, marketing expenditure is going to be astronomical. This has proven to be true as a major source of Groupon’s net loss is marketing expenditure. However, I felt that the key point is not whether Groupon is currently profitable or not, but whether it has the potential to rapidly creates a substantial amount of wealth in the future. Despite Groupon’s apparent success, many people are still skeptical about the sustainability of its success given the high risk associated with E-commerce.

Bank of Nova Scotia is changing the name of its securities and investment banking unit, a name it has used for 12 years now. Although the new name has not been revealed yet, the general expectation is that it will start with Scotiabank, the common link in the bank’s new branding strategy. This move is intended to reinforce the fact that the division is not a separate entity, but a part of the bank’s overall business.

The rebranding of Scotia Capital is just a small part of the bigger change that lies ahead. Bank of Nova Scotia is planning to get rid of approximately half of its 60 brands around the world in an effort to present a more consistent face to clients.

Stressing the bank connection is not only a message to clients, but also to employees, emphasizing the integral role their business plays in the parent bank’s overarching brand. As a result, this new branding strategy allows for the clear identification of the bank among clients and employees alike. Given its large number of different brands, a result of years of growing by acquisition internationally, this plan to narrow them down seems rather inevitable.