Fiat

Crypto Secularizes Wealth by Returning Power to the People

</header> <strong>Secularization is the process of converting something from a religious status to a nonreligious one. In its usage here, the word “religious” has no necessary connection to a deity. The word refers to the mystification of a thing in order to elevate it to the status of the divine where it becomes unquestionable.</strong> Also …

Crypto Secularizes Wealth by Returning Power to the People Read More »

Argentina’s Example Shows That You Don’t Own Your Money

</header> <strong>Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account holders being limited to USD purchases of $200 via bank …

Argentina’s Example Shows That You Don’t Own Your Money Read More »

Is China’s New Fascination With Blockchain Really Good for Bitcoin?

</header> <strong>Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field. Some say Xi’s statement brought back …

Is China’s New Fascination With Blockchain Really Good for Bitcoin? Read More »

3 Major Signs That Precede the Fall of World Reserve Currencies

</header> <strong>The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon, statistically speaking. But it’s not mere …

3 Major Signs That Precede the Fall of World Reserve Currencies Read More »

How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise

</header> <strong>Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling out acts of god and unforeseen circumstance, …

How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise Read More »

McAfee Envisions DEX in a World Where Crypto Won’t Be Traded for Fiat

</header> <strong>In a recent video posted to Twitter. John McAfee states: “Imagine a world…where fiat currency is diminishing in importance.” Instead of pointing to the adoption of crypto by big money interests, the rogue politician and radical bitcoin proponent talks of a complete flip, where users won’t need to exchange their cryptocurrencies for fiat. Crypto …

McAfee Envisions DEX in a World Where Crypto Won’t Be Traded for Fiat Read More »

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 »

Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

<header class=”article__header”> </header> <strong>U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo …

Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet Read More »

At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

<header class=”article__header”> </header> <strong>In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession.</strong> Also Read: Money …

At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows Read More »

Crypto’s Forgotten Altcoins Re-Emerge: A Look at What’s Happening

</header> <strong>During the crypto bull market of 2017, everybody was happy. It wasn’t just the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> maximalists, <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> enthusiasts, or proponents of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a>. Privacy coins like monero were doing great, and even charity-supporting “comic relief” coins like doge were riding …

Crypto’s Forgotten Altcoins Re-Emerge: A Look at What’s Happening Read More »