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: money
Powell: ‘The US is on an unsustainable fiscal path’
Story by Taylor Giorno, The Hill, 2/6/24 SOURCE: https://www.msn.com/en-us/money/markets/powell-the-us-is-on-an-unsustainable-fiscal-path/ar-BB1hLOD2?ocid=msedgntp&pc=U531&cvid=4464e15dfe1f499dba641f909b14db6e&ei=18 Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a…
How a 27-year-old busted the myth of Bitcoin’s anonymity
Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable. ANDY GREENBERG, WIRED.COM – 1/18/2024, 3:00 AM, ARS Technica SOURCE: https://arstechnica.com/features/2024/01/how-a-27-year-old-busted-the-myth-of-bitcoins-anonymity/ JUST OVER A DECADE AGO, Bitcoin appeared…
Central banks go for gold in bold move to safeguard dollar
Story by Jai Hamid, Cryptopolitan, 1/6/23 SOURCE: https://www.msn.com/en-us/money/markets/central-banks-go-for-gold-in-bold-move-to-safeguard-dollar/ar-AA1myBMP?ocid=msedgntp&cvid=50250f6db8c94591aad3d7549107faec&ei=42 In a world where economic chess is the game, central banks have made a power play, amassing…
‘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 Bond Markets Are Sending a Warning to Washington
Story by Desmond Lachman, Barron’s, 10/19/23 SOURCE: https://www.msn.com/en-us/money/markets/the-bond-markets-are-sending-a-warning-to-washington/ar-AA1iwC52?ocid=msedgntp&cvid=45b3f1d48fe047958eb4c5b8fbf85a84&ei=12 About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was previously a deputy…
‘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)…
The Brics currency ignores all the traumatic lessons of the half-baked euro
Story by Ambrose Evans-Pritchard, 8/24/23 SOURCE: https://www.msn.com/en-us/money/markets/the-brics-currency-ignores-all-the-traumatic-lessons-of-the-half-baked-euro/ar-AA1fJc7L?ocid=msedgntp&cvid=8831858f45194fa29419d20fb3482abf&ei=14 Dollar hegemony has become a curse for the global economy. It serves the interests of no country, least of…
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…
The US dollar is poised for a monumental shift – Here is how
Story by Jai Hamid, Cryptopolitan, 4/25/23 SOURCE: https://www.msn.com/en-us/money/markets/the-us-dollar-is-poised-for-a-monumental-shift-here-is-how/ar-AA1ajXFn?ocid=msedgntp&cvid=f1b10aa6dffb4334ad845771e2f61f94&ei=16 The global financial landscape is about to witness a seismic change as the US dollar, the world’s…