Move on Bitcoin…… this cryptocurrency grew 26 times last year

Bitcoin is synonymous with cryptocurrency but there are other like Ethereum whose price shot up 10 times last year. A little known once-obscure cryptocurrency called Monero outpaced all of them, multiplying its value around 27-fold. The source of that explosive growth seems to be Monero’s unique privacy properties that go well beyond the decentralization that … Continue reading “Move on Bitcoin…… this cryptocurrency grew 26 times last year”

Ferg’s Find

Ferg is a smart guy and he sends a weekly mail of his reading. Ferg’s Finds Hello, This is a short weekly email that covers a few things I’ve found interesting during the week.   Article Horizon Kinetics is one of the websites I periodically check to see if they have posted anything new. Their quarterly commentaries are must-reads. Podcast Louis Vincent Gave … Continue reading “Ferg’s Find”

China’s latest digital currency test doubles down on previous trial, nudging merchants and consumers to embrace e-yuan

Macroscope by Andrew Leung How China’s digital currency will thwart US dollar trap and help the world The digital renminbi is a sovereign currency fully backed by the state, does not require a bank account and has full oversight by Chinese banking authoritiesDeveloping countries will embrace the convenience of China’s digital payment systems, which have great poverty-relief … Continue reading “China’s latest digital currency test doubles down on previous trial, nudging merchants and consumers to embrace e-yuan”

China CBDC is going to change the Global Financial system

In biggest test yet of China’s CBDC, 100,000 Suzhou residents will use e-RMB for holiday shopping. Hong Kong is also now laying groundwork for future. By Kelly Le Moving closer than ever to nationwide launch, China’s DCEP e-RMB will soon circulate in the heartland city of Suzhou in the biggest test yet of the nation’s new … Continue reading “China CBDC is going to change the Global Financial system”

The Big Picture- Bitcoin

via themarket.ch We are dedicating this week’s “Big Picture” to a special topic: Bitcoin.Specifically, we want to investigate the question of whether the cryptocurrency deserves a place in a diversified portfolio.Bitcoin is stirring emotions in the financial markets. It has increased by around 132% since the beginning of the year, albeit with considerable fluctuations. On January 1st, … Continue reading “The Big Picture- Bitcoin”

It’s About Jobs, Jobs, Jobs – Doug Noland

The Wall Street Journal referred to a “a milestone” – “a major shift in how [the Fed] sets interest rates by dropping its longstanding practice of preemptively lifting them to head off higher inflation.” The New York Times went with “a major shift in how the central bank guides the economy, signaling it will make … Continue reading “It’s About Jobs, Jobs, Jobs – Doug Noland”

Digital Currency Revolution for Central Bankers Part 1 of 2

This two-part series explains the Digital Currency Revolution to Central Bankers, Elected Officials & Government policymakers. The focus is NOT on cryptocurrency, but rather what’s coming next, AFTER cryptocurrency. This series explains why all money will be digital within 25 years, and why government has been slow to understand the sea change already in motion.

Cancelling Euros, hunt for Taxes and raiding capital buffer

Martin Armstrong writes.. There will be a cancellation of the  €500. That is the rumor behind the curtain. I would convert them as soon as possible to small bills and/or US dollars. There remains a distinct possibility that we will see Europe try to cancel its currency and take up the IMF’ proposal to move … Continue reading “Cancelling Euros, hunt for Taxes and raiding capital buffer”

When Investor loose their Mind

Let’s look at some of the silly, idiosyncratic events that happen when investors lose their minds: • Companies doubled their market caps by adding blockchain to their name or issuing a cryptocurrency. • An 18-year-old launched a hedge fund from his bedroom in suburban New Jersey. • Equities ran 300+% off the lows while the … Continue reading “When Investor loose their Mind”