Banks Brace For Dollar’s Demise
Citi expects gold to hit $3,000/oz by 2025 SOURCE: https://passagetoliberty.substack.com/p/banks-brace-for-dollars-demise APR 18, 2024 It’s not often that a major bank, whose existence depends upon buying…
Tag: banking
‘No cash accepted’ signs are bad news for millions of unbanked Americans
Story by Jay L. Zagorsky, Clinical Associate Professor of Markets, Public Policy and Law, Boston University, The Conversation, 1/22/24 SOURCE: https://www.msn.com/en-us/money/personalfinance/no-cash-accepted-signs-are-bad-news-for-millions-of-unbanked-americans/ar-BB1h4Dlm?ocid=msedgntp&pc=U531&cvid=ad1f13c4f13e49ff9c8f1cca48f4c258&ei=6 How many people don’t…
‘Crisis is assured’: Famed investor Peter Schiff says US rates will remain ‘much higher, forever’ — here’s what that could mean for you
Story by Bethan Moorcraft, Moneywise, 11/29/23 SOURCE: https://www.msn.com/en-us/money/realestate/crisis-is-assured-famed-investor-peter-schiff-says-us-rates-will-remain-much-higher-forever-here-s-what-that-could-mean-for-you/ar-AA1kIGwZ?ocid=msedgntp&cvid=f021420ef1a349c68fb3f083c19ba844&ei=66 American stockbroker and financial commentator Peter Schiff isn’t feeling positive about the U.S. economy. With inflation proving sticky —…
‘The financial equivalent of the Death Star’: This Republican lawmaker blasted the Fed for looking into building what he calls an ‘Orwellian-style payment system’ — here’s why he’s so afraid
Story by Bethan Moorcraft, Moneywise,9/4/23 SOURCE: https://www.msn.com/en-us/money/markets/the-financial-equivalent-of-the-death-star-this-republican-lawmaker-blasted-the-fed-for-looking-into-building-what-he-calls-an-orwellian-style-payment-system-here-s-why-he-s-so-afraid/ar-AA1gdijB?ocid=msedgntp&cvid=a8fe2cfeeb43469fb336360fc5e35726&ei=20 A U.S. lawmaker has accused the Federal Reserve of quietly working on a central bank digital currency (CBDC)…
Biden administration is quietly planning for a future where you don’t own money
Opinion by Justin Haskins, Fox News, 4/24/23 SOURCE: https://www.msn.com/en-us/money/markets/biden-administration-is-quietly-planning-for-a-future-where-you-don-t-own-money/ar-AA1aiOXO?ocid=msedgntp&cvid=f1b10aa6dffb4334ad845771e2f61f94&ei=45 Under the leadership of President Joe Biden, the White House and the Federal Reserve have started to…
US dollar on the brink of collapse? Top financial analyst thinks so
Story by Jai Hamid, Cryptopolitan, 4/22/23 SOURCE: https://www.msn.com/en-us/money/markets/us-dollar-on-the-brink-of-collapse-top-financial-analyst-thinks-so/ar-AA1acmk3?ocid=msedgntp&cvid=9613ba7f70f74235bdcd0ed763f5548f&ei=10 Renowned American geopolitical and financial cycle expert Charles Nenner has issued a dire warning about the future…
Will the U.S. dollar remain the world’s dominant currency? Washington and Wall Street are worried about ‘de-dollarization’ threat.
Joseph Adinolfi, Marketwatch, 4/21/23 SOURCE: https://www.msn.com/en-us/money/markets/will-the-u-s-dollar-remain-the-world-s-dominant-currency-washington-and-wall-street-are-worried-about-de-dollarization-threat/ar-AA1a99w0?ocid=msedgntp&cvid=c07f7931fd7b4b6e8a40a532ef4347b9&ei=37 A “de-dollarization” mania is gripping Washington and Wall Street. Wall Street analysts, corporations, policy wonks and others are trying…
Researchers analyzed 800 years of banking crises. They concluded, ‘We are already in the midst of a systemic event’
Story by Andrew Keshner, Marketwatch, 3/27/23 SOURCE: https://www.msn.com/en-us/money/markets/researchers-analyzed-800-years-of-banking-crises-they-concluded-we-are-already-in-the-midst-of-a-systemic-event/ar-AA1991TF?ocid=msedgntp&cvid=688297b219014e16afe6b4e4a43b801d&ei=152 Banking-sector jitters are on the minds of depositors, investors and policy makers, but how do the current…
Russia to adopt Islamic banking practices in response to western sanctions
By MAYA ZANGER-NADIS, The Jerusalem Post, 9/23/22 SOURCE: https://www.msn.com/en-us/news/world/russia-to-adopt-islamic-banking-practices-in-response-to-western-sanctions/ar-AA129qPy?ocid=msedgntp&cvid=ff44a3c6e1a345ac91893b262d190af3 Russia is taking steps toward implementing Islamic banking practices in four of its predominantly-Muslim eastern regions:…
What Happens if the United States Loses Its World Reserve Currency Status?
Rebecca Holcomb, Wealth of Geeks, 9/17/22 SOURCE: https://www.msn.com/en-us/news/world/what-happens-if-the-united-states-loses-its-world-reserve-currency-status/ar-AA11UtbC?ocid=msedgntp&cvid=ca751b0ad7644bee8e2340623a49fb96 Imagine, if you will, it’s 2025, and the world is still in the grips of crippling stagflation.…