There has been a lot of bad news on cryptocurrencies lately involving exchange fraud, hacks, and government investigations. Bitcoin dropped from $11,650 to $8,800, a 25% mini-crash, in just a few days between March 5 and March 8 based on this barrage of bad news. Still, all of this drama may be small potatoes compared
“Ice-nine” refers to the elite policy response to the next global financial crisis. In a crisis, everyone wants liquidity. In the 2008 crisis, the liquidity came from trillions of dollars of currency swaps and money printing by the Fed. That won’t happen in the next crisis because the Fed never got its balance sheet back
Meraglim CEO Interview on Dave Scranton’s Income Generation Show on NewsmaxTV
The Fed Must Have Inflation. Failure Is Not an Option
It’s no secret that Russia, China, Iran, Turkey, Venezuela and many other nations are trying to escape from the U.S. dollar payment system. The U.S. throws its weight around in geopolitics by using economic sanctions, account freezes and blacklists aimed at political rivals. These punitive measures are backed up by U.S. control of the global
The Fed says incessantly that “price stability” is part of their dual mandate and they are committed to maintaining the purchasing power of the dollar. But the Fed has a funny definition of price stability. Common sense says price stability should be zero inflation and zero deflation. A dollar five years from now should have the same
Anbang Insurance Group was one of China’s largest and most aggressive financial institutions, known for its huge customer base, high leverage and fast-paced deal-making. But 10 days ago, as detailed in this article, Anbang was taken over by the Chinese government. In a classic too-big-to-fail moment, the China Insurance Regulatory Commission, a government financial regulator, took
