ECB

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

</header> <strong> European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel was speaking out in defense of negative deposit rates being …

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MARKETS DAILY: Casualties Ahead in the Cryptocurrency Mining Arms Race

Disclaimer Read More This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the …

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BTC Miners: No More Basement Rigs, Greater Profits to Come

Back in the early days, when Bitcoin (BTC) was but a niche experiment for cypherpunks and basement-dwelling hobbyists, the process of its creation required little more than a budget CPU. Since that time, however, an entire industry has sprung forth and a quasi-gold rush rivaling that of the 1850s has taken the world by storm. …

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European Union to Regulate Stablecoins, Not Issue Its Own: Source

The European Union is taking a closer look at how to regulate stablecoins, but has no plans to issue one of its own. A group within the EU presidency is working on a draft political declaration regarding the regulation of stablecoins, an individual familiar with the matter told CoinDesk. First reported by Reuters, the declaration …

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ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

</header> <strong>Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding …

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Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?

</header> <strong>Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary measures to save economies, but are now increasingly …

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More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses

<header class=”article__header”> </header> <strong>The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus. The central banks’ easing policy hasn’t been this colossal …

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Why Central Banks Are Not Designed for Democracies

</header> <strong>Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. …

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McKinsey: Majority of Banks May Not Be Economically Viable

<header class=”article__header”> </header> <strong>Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn.</strong> Also read: …

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