Bitcoin and cryptocurrency are no hedge for inflation
Rather than a hedge against inflation, cryptocurrencies are an alternative to the dominant system entirely. Go to Source Powered by WPeMatico
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MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use
Can MIT help the U.S. catch up to China in the CBDC race? Go to Source Powered by WPeMatico
$1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases
The U.S. real estate market is facing a conundrum, as there’s now a tidal wave of renters who can’t pay rent and a massive number of mortgage defaults stacking up like never before. Amid the looming real estate chaos, the Centers for Disease Control and Prevention (CDC) enacted public health emergency powers to stop landlords … Read more
Bitcoin, USD velocity both crash — but BTC price reacted differently
Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows. Go to Source Powered by WPeMatico
US Federal Reserve now owns over 20,000 different financial assets
The nation’s money printer continues to go “Brrr”. Go to Source Powered by WPeMatico
Jerome Powell throws US dollar under a bus in Jackson Hole
Fed Chairman Jerome Powell threw the U.S. dollar under a bus last week at the central bank’s annual Jackson Hole, Wyoming, meeting. Go to Source Powered by WPeMatico
On quantitative easing, crypto and modern monetary theory
Crypto needs financial products — simply positioned and simply transparent — to preserve and grow people’s assets in difficult times. Go to Source Powered by WPeMatico
Ripple’s Garlinghouse forecasts further loss of U.S. dollar value
The wild ride of 2020 continues. Go to Source Powered by WPeMatico
Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son
The 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 … Read more
Visa Exec Says ‘Opt Out With Bitcoin’ Slamming Fed’s Policy Change Toward Inflation
On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech was considered a “major policy shift” and a number of economists commented on the central bank’s move. Senior director of … Read more
