Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-TopAccording to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for […]

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Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His Bags

Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His BagsIn mid-August the U.S. stock market defied odds and mainstream media claimed after the Standard & Poor’s 500-stock index touched new heights on August 18, it ‘officially’ ended the “shortest bear market in history.” Interestingly while roughly 30 to 40 million Americans face the risk of eviction, the 16th Chair of the Federal Reserve, Jerome […]

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Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation

Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further DevaluationPressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another in July, already appear to have failed […]

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Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son

Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His SonThe American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet. The Bitcoin […]

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Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War

Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil WarLebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese pound has lost 82% of its value this year. Lebanon in Hyperinflation Lebanon has […]

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EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief MoneyThe world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will […]

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Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies

Food and Cash Shortages Push Cubans Toward Permissionless CryptocurrenciesThe Nation of Cuba is dealing with a national food crisis, as Venezuela has stopped offering aid to the small island nation. Moreover, the coronavirus outbreak has caused a shortage of cash couriers called “mules” and everyday items are becoming scarcer. Amid the crisis, a number of Cubans are resorting to leveraging cryptocurrencies like bitcoin […]

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Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply

Demand for Bitcoin Will See a Dramatic Shift in 8 Years - Retail Addresses to Eat up Entire New SupplyA recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in 2024 could see retail accounting for acquiring […]

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