Financial System
From ZH “The introduction of a CBDC would represent a highly significant innovation in American money,” says The Fed in its much-anticipated report on the possible issuance of a U.S. digital currency. The 35-page discussion paper on a government-backed coin makes no firm conclusions on whether (making it clear it did not “favour any policy outcome” at […]
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From Zero Hedge: The last time Walmart was reportedly entering the crypto space, it turned out to be a giant Litecoin-promoting hack, that was quickly reversed, after it became clear that playful hackers had fabricated a press release. But there appears to be nothing fake about the latest news involving Walmart’s desire to ride the latest […]
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From Zero Hedge: Goldman Sachs this week predicted that the Eurozone would grow at a faster pace than the U.S. in 2022, projecting a growth rate of 4.4 percent for EU and only 3.5 percent for U.S. GDP. The latest World Bank forecast, also from January, still sees the U.S. ahead, if only by a paper-thin margin […]
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From: zerohedge Bitcoin: This Will Make You A Believer | ZeroHedge Authored by Thad Beversdorf via MacroHeathen.com, I’ve been quietly watching the BTC market figure out how to explain why BTC is profoundly positive for society. I’ve been disappointed with the attempts I’ve seen and so I’ve decided to throw my hat in the ring. […]
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From: zerohedge Europe On Edge Of Energy Disaster As Power Prices Smash All Records | ZeroHedge Europe’s energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, […]
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The price of Bitcoin was rangebound on early Friday around the $56k handle. The world’s largest cryptocurrency then spiked when the kneejerk read of the November payrolls came in as very disappointing, seen as postponing the Fed’s plans to accelerate the taper but then began to decline during the US cash session to about $54k-$53k […]
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From Asia Times We’ve all heard of the arms race, the space race, and even the peace race. But there’s one race that’s completely off the general public’s radar: who will be the first to mine Helium-3 in space in significant quantities in order to try to develop nuclear fusion reactors that do not create […]
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Weather observer Electroverse is forecasting a “severe blast” of Arctic air to encompass parts of the US Lower-48 beginning late next week. Cap Allon, Electroverse’s editor, wrote a note Tuesday which outlines how a possible Arctic air mass will pour into the U.S. from Canada beginning on Nov. 18. Allon said, “a word of caution, though: this forecast is still […]
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From medium I have a simple question for every ‘expert’ who thinks they understand the root causes of the shipping crisis: Why is there only one crane for every 50–100 trucks at every port in America? No ‘expert’ will answer this question. I’m a Class A truck driver with experience in nearly every aspect of […]
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By @Bit_hedge As the political discussion around stablecoins continues to rage on, one could be forgiven for not knowing how it’s played out in actual crypto markets which this month for the first time saw open interest in stablecoin-margined Bitcoin futures surpass that of their crypto-margined counterparts. Before stablecoins mimicked Bitcoin’s rocket to $60,000+ with their […]
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