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The rise of cryptocurrency has been quite something to watch. A decade ago, the mere concept might have sounded a little bit too futuristic, but today, many use cryptocurrency on a regular basis, and perhaps even more than one type. The most notable option up to this point has been Bitcoin, which has great support the world over (as far as cryptocurrency goes), but catching up fast is Ethereum, which we’ve wrote about a few times in recent weeks (and even put to a performance test for transaction processing chores).
Because of how out-of-nowhere cryptocurrency hit us, it would be understandable if you considered it to be a fad, or something that might not last. At this point, though, it appears that cryptocurrency isn’t going anywhere, and if that idea needs reinforcement, look no further than a few central banks that have been considering adopting it.
By Ron Paul.
As Independence Day comes around again we should spend a few moments between barbecue and fireworks to think about the meaning of independence. The colonists who rebelled against the British Crown were, among other things, unhappy about taxation. Yet, as economist Gary North points out, the total burden of British imperial taxation was about one-to-two percent of national income.
Some 241 years later, Washington claims more of our money as its own than King George could have ever imagined. What do we get in this bargain? We get a federal government larger and more oppressive than before 1776, a government that increasingly views us as the enemy.
DUBAI, April 26 (Reuters) – Industrial and Commercial Bank of China has cleared more than 590 billion yuan ($86 billion) in transactions in Qatar in the nearly two years since it opened its clearing centre in the Gulf state, an executive told Reuters.
The move reflects a surge in trade and investment between China and Gulf Arab states in recent years, though most business between the two sides is still conducted in U.S. dollars.
Florian Homm im Interview mit Heiko Schrang
Er rettete Borussia Dortmund und verwaltete ein Vermögen von drei Milliarden Euro. Am Ende stand er auf der „Most-Wanted-Liste“ des FBI. In Venezuela wurde er angeschossen, in Italien verhaftet. Es drohten ihm 260 Jahre Haft in den USA. Sein Leben ist spannender als jeder Actionfilm.
Der Neckermann-Neffe war der einzige deutsche Hedgefonds Manager von Weltrang, Shortseller und galt als skrupelloser Kapitalist. Der Zweimeterhüne und “Plattmacher” wurde von seinen Häschern verfolgt. In Florenz kam es zum Showdown: Er wird vor den Augen seiner Familie entführt und ins Florenzer Gefängnis gebracht. Die Strippen ziehen die US-Justiz und das FBI, die Homm um jeden Preis in den Vereinigten Staaten vor Gericht stellen wollen.
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“All wars are banker wars”. Thus, history’s heroes and villains are bank puppets.
“Hitler and the central banks” Mullins
Bushes & Nazis
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Switzerland is a small country of just 8 million people, but they make an outsized impact on economics and finance and money.
Because Switzerland is considered a safe haven and a well-run country, many people would like to hold large amounts of their assets in the Swiss franc. This makes the Swiss franc intolerably strong for Swiss businesses and citizens.
So the Swiss National Bank (SNB) has to print a great deal of money and use nonconventional means to hold down the value of their currency. Their overnight repo rate is -0.75%.
Citigroup has warned clients that Theresa May’s position as prime minister is “unsustainable”, warning them to prepare for the government to collapse within a matter of months.
The multinational banking corporation believes the parliamentary majority which the prime minister secured through her deal with Ulster’s Democratic Unionist Party is “not comfortable enough for crunch votes”, according to a report in The Times.
Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come. In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”. But there are other central bankers that see things very differently. In fact, a new report that was just released by the Bank for International Settlements is warning that a new financial crisis could soon strike “with a vengeance”. So who is right?
It would be nice if it turned out that Yellen was right. Nobody should want to see a repeat of what happened in 2008, and Yellen seems extremely confident that she will never see another crisis of that magnitude…
The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, U.S. currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military interventions. There is, however, growing opposition to the American standard, and it gained more support recently when several Gulf states suddenly blockaded Qatar, which they accused of funding terrorism.