Economics

IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

</header> <strong>Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments …

IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR Read More »

Extreme disasters costing more but killing fewer

Enlarge / Hurricane damage in Puerto Rico. Yuisa Rios/FEMA With the warming climate, we should expect a change in weather-related disasters. Fewer cold snaps and stronger heat waves are the obvious issues. But we should also see more intense storms, as a warmer atmosphere can hold more water vapor, while droughts may intensify in areas …

Extreme disasters costing more but killing fewer Read More »

Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed

</header> <strong>Colonial-era law has been imposed in Hong Kong causing the economic situation to degrade further, with empty ATMs and bank runs becoming a new norm. Protestors and non-protestors alike fear the martial law-like ERO (Emergency Regulations Ordinance) could eventually grind the city’s financial activity to an unprecedented halt.</strong> Also Read: Protesters Wield Tools of …

Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed Read More »

Banking Giant HSBC Set to Fire 10,000 More Employees

</header> <strong>The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago.</strong> Also Read: Bitfinex Braces for Imminent Lawsuit Alleging Tether …

Banking Giant HSBC Set to Fire 10,000 More Employees Read More »

Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash

</header> <strong>Zimbabwe is once again showing the need to take away from politicians the power to control normal people’s money. The government there is now trying to cope with the results of mismanaging the economy by preventing citizens from using their fiat currency as they see fit.</strong> Also Read: Bittrex, Coinbase and Kraken Set up …

Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash Read More »

Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues

</header> <strong>In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing trend in the world economy to …

Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues Read More »

Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed

<header class=”article__header”> </header> <strong>Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even …

Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed Read More »

How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

</header> <strong>Brexit, the European divorce saga</strong> <strong>that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards another one of its deadlines while London and Brussels are trying to separate …

How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects Read More »

Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin

</header> <strong>In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and …

Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin Read More »

Stablecoins and Exchange Coins – What’s the Difference From the Ol’ Corporate Bond?

</header> <strong>A new weekly record was set last week in global corporate bond sales, with investors grabbing hold of around $140 billion in new bonds according to data from Dealogic. This occurs against a backdrop of negative yielding debt, and the meteoric rise in popularity of stablecoins and exchange-native tokens across the crypto space. The …

Stablecoins and Exchange Coins – What’s the Difference From the Ol’ Corporate Bond? Read More »