Currency

Central Banks Have Printed $22 Trillion Worth Of New Credit Since 2008

Last week we wrote about how global central banks have created an economic time machine by forcing $17 trillion worth of bond yields below zero percent, which is now 30% of the entire developed world’s supply. Now it’s time to explain how the time machine they have built has broken down.

In parts of the developed world, individuals are now being incentivized to consume their savings today rather than being rewarded for deferring consumption tomorrow. In effect, time has been flipped upside down. These same central bankers then broke that time machine by guaranteeing investors they will never cease printing money until inflation has been firmly and permanently inculcated into the economy.

They have printed $22 trillion worth of new credit in search of this goal since 2008. This figure is still growing by the day. But by doing so, they have destroyed Capitalism. Freedom is dying; not by some Red Army but by central banks….CLICK for complete article

Are Blockchain Stocks Poised For A Comeback?

Along with cryptocurrencies, the blockchain concept has been adopted in many spheres of business and social life, too. We’ve celebrated the tenth anniversary of Bitcoin recently, and since its invention, it has firmly entered into the lives of millions of people. Moreover, the technology that underlies the main crypto helps people solve problems that seemed intractable before.

We now can improve the efficiency of logistics, protect our businesses from...Click here for full article.

Bitcoin Price Loses $10.5K Support as US-China Trade War Tensions Cool

Bitcoin (BTC) price was feeling the pressure Aug. 14 after a fresh downturn saw the largest cryptocurrency settle below $10,500.

The latest in what has become a recognized pattern in recent months, Bitcoin reversed its previous successes from the weekend, when geopolitical uncertainty and fiat currency weakness in several jurisdictions pushed markets above $12,000.

In particular, it was Hong Kong and Argentina fuelling the theory, which Bitcoin critics such as….CLICK for complete article

3 Reasons Bitcoin Is Turning Into a Global Safe Haven for Investors

China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets.

Every fiat currency is devaluing itself on purpose.

As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as a hedge, according to economist, Raoul Pal….CLICK for complete article 

What Happens When A Country Manipulates Its Currency?

A major part of China’s response to the latest tariff threats by President Donald Trump was to reduce the value of its currency to its lowest level relative to the dollar of the past decade. Trump fired back by having the Treasury Department officially name China a “currency manipulator.”

Markets have been reeling over the past week due to the ramping of the trade war between the U.S. and China.

While much of the focus has been on the tariffs, here’s a look at the impact a devalued yuan could have on the U.S. and Chinese economies….CLICK for complete article

After two days of grilling by US politicians (including demands for a moratorium and fearmongering of the end of banking and the ease of funding terrorism) and endless byelines supporting and denigrating Facebook’s new digital currency concept, Libra, one would suspect that it is Americans that should be most interested in Zuckerberg’s latest idea for world domination.

That would be wrong.

Perhaps not entirely surprising, it is in fact the Chinese, based on global search volumes, that are the most interested in Libra.

This is ironic since, as we noted in 2015, it was soft capital controls by Chinese authorities that sparked the big run-up in cryptocurrencies as an alternate store of wealth (to avoid government interference)….CLICK for complete article