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“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those who invested political […]
The post The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn appeared first on Bitcoin News.
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The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be […]
The post Three Bank Failures Open New Chapter in Never-Ending Financial Crisis appeared first on Bitcoin News.
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Warnings of an imminent financial crisis are in the media more than ever before. But could such an event be the tipping point that puts Bitcoin and cryptocurrency firmly into the mainstream? Politician and tech entrepreneur Rick Falkvinge says it would be the perfect time to finally convert people to crypto. Also read: Billions Living Under Authoritarian […]
The post Rick Falkvinge: Imminent Financial Crisis Perfect Opportunity to Convert the Masses to Crypto appeared first on Bitcoin News.
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Swiss voters will decide this Sunday whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s finances. Proponents of the initiative prescribe deeper centralization to remedy the shortcomings of the traditional financial system – a vision quite different from the decentralization that came with cryptocurrencies like bitcoin, following the […]
The post Bitcoin in Brief Saturday: Switzerland Votes on “Sovereign Money” Referendum, Russian Banker Warns Against Crypto Ban appeared first on Bitcoin News.
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This month the International Monetary Fund (IMF) released a report on global monetary policy in the digital age which explains that “crypto assets may one day reduce demand for central bank money.” The IMF study was written after an IMF staff discussion that details that cryptocurrencies could someday lower the demand for fiat currencies by […]
The post IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money appeared first on Bitcoin News.
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According to a study released by the Federal Reserve Bank of St. Louis entitled “A Lost Generation”, millennials will never be able to recover from the Great Recession and the 2008 financial crisis. The Fed stated that families headed by someone born in the 1980s have net worths that are 34 percent lower than expected. The report read: We found that typical families headed by someone born in the 1960s, 1970s and 1980s were significantly below their wealth benchmark levels in 2016—by about 11, 18 and 34 percent, respectively. Despite also having suffered wealth losses during the recession, typical families headed by someone born inPowered by WPeMatico