US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap
The Fed prepares to do banks a $425 billion Christmas favor as proponents of sound money look on in horror Go to Source Powered by WPeMatico
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The Fed prepares to do banks a $425 billion Christmas favor as proponents of sound money look on in horror Go to Source Powered by WPeMatico
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 … Read more
Both times involved a new economic class with something to fight for. From a merchant class trying to break the economic stranglehold of feudal landlords and the church to the millennials Go to Source Powered by WPeMatico
Stablecoins only “complementary” if they obey regulators, suggests Fed Go to Source Powered by WPeMatico
As Bitcoin firms add to their arsenal, it seems there’s no stopping the BTC mining industry. But is it still profitable in 2019? Go to Source Powered by WPeMatico
Secularization is the process of converting something from a religious status to a nonreligious one. In its usage here, the word “religious” has no necessary connection to a deity. The word refers to the mystification of a thing in order to elevate it to the status of the divine where it becomes unquestionable. Also Read: … Read more
The U.S. Federal Reserve is hiring a manager for its Retail Payments section to research digital currencies and stablecoins Go to Source Powered by WPeMatico
Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary measures to save economies, but are now increasingly being … Read more
In the wake of China’s recent decision to push blockchain adoption across its borders, industry experts speak out Go to Source Powered by WPeMatico
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus. The central banks’ easing policy hasn’t been this colossal in nearly two … Read more