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Category: private banks
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Private Banks Propose to Help Design Digital Currency in Mexico
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Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19
The coronavirus outbreak has sent shockwaves through the world’s economy and this has caused politicians and central bankers to react in various ways. However, global market leaders, Wall Street CEOs and hedge fund managers had one of the best years in more than a decade since the 2008 financial crisis. In fact, evidence shows that […]
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‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus
For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The […]
The post ‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus appeared first on Bitcoin News.
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The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History
Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame the turbulent economy. Nearly every day the Federal Reserve […]
The post The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History appeared first on Bitcoin News.
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Bank of Japan Turns Back on State-Issued Cryptocurrency
The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries. The Japanese central bank has no plans to issue its own crypto, he said. Also read: […]
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