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Category: economic collapse
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Robert Kiyosaki Says World Economy on the Verge of Collapse — Warns of Bank Runs, Frozen Savings, Bail-Ins
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Schiff Says US Inflation Decline ‘Only Temporary,’ Mark Cuban Sued, JPMorgan CEO on Recession, Axie Infinity Update — Bitcoin.com News Week in Review
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Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review
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Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
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Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar
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Cash Crisis: National Currencies Plunge in the Wake of Coronavirus
Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets “in the amounts needed,” signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.
The post Cash Crisis: National Currencies Plunge in the Wake of Coronavirus appeared first on Bitcoin News.
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How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise
Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling out acts of god and unforeseen circumstance, the […]
The post How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise appeared first on Bitcoin News.
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Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up
Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less volatile economies. National banks globally have been consistently struggling to […]
The post Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up appeared first on Bitcoin News.
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