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Analysts At Goldman Sachs Recommend Shorting The Dollar

According to Goldman Sachs analysts, the risks arising from vaccine trials and the uncertainty of the U.S. election could weaken the dollar, CNBC reported. If the U.S. dollar continues to lose its purchasing power, it could mean that safe-haven asset gold and Bitcoin could gain significant bullish momentum in the last quarter of 2020. Zach… Read More

Welcome to the Global Venezuelan Inflation Hell

There is a lot of money – and it will make most people poor. We think of money as wealth – but it isn’t. Money is a means of accounting and nothing more. You can ask John Law about it – and ask him how the Mississippi bubble ended. Some think that the French Revolution… Read More

Diginex CEO Says Technological Progress is Deflationary – But Inflation Might Be Coming

Diginex CEO Richard Byworth says that technical advances might not save people money as expected, due to the inflationary ideas of central banks and governments. In a recent conversation with media, Byworth stated that “Technology is just so deflationary on many of our goods and services.” Diginex business’s core strategy is to develop a platform… Read More

Iran Allows Power Plants to Mine Bitcoin – is Official Support for Decentralized Money Next?

Recent changes in Iranian law will allow powerplants in the nation to mine Bitcoin – and one already has a generator set up for the purpose. The support for Bitcoin is hard to ignore, and opens up a few questions about the future of the platform. Having nations (via state infrastructure) mining Bitcoin is undoubtedly… Read More

Central Banks are Buying More Than $1bln in Assets Hourly – Hello Fiat Firestorm!

Global central banks are in to some new ideas in a big way. While the global crisis of 2008 saw central banks up their asset purchases over a number of years – the mega crisis of 2020 is being used as an excuse to buy more than $30bln in assets on a daily basis. Since… Read More

China to Dump US Debt – Global Monetary Chaos Will Drive Cryptos Higher

Don’t be positive about US-Sino relations. While the Trump administration is giving China some leeway on Phase One of the trade deal, there is probably more going on than is being talked about in the corporate media. According to CCP mouthpiece the Global Times, “China may gradually reduce its holdings of US Treasury bonds to… Read More

CBDCs Look a Lot Like Regular Old Fiat in a New Package

Central banks all over the world are working on digital currencies, some of which involve blockchain, but these new Central Bank Digital Currencies (CBDCs) aren’t anything new – nor will they address the issues at the core of the fiat currency system. To begin with, fiat currency is already digital. Technically it is debt that… Read More

KuCoin Adds USD to Its P2P Fiat Market via PayPal

According to an announcement on June 24, KuCoin, the IDG-backed cryptocurrency exchange, has added the support for US Dollars (USD) to its P2P Fiat Market. This allows traders to be able to buy cryptocurrencies such as USDT, BTC, and ETH with USD via PayPal or other payment methods. The KuCoin P2P Fiat Market is supporting… Read More

Peter Schiff: US Dollar Will Crater – Fed has Gone Wild

Money manager and economic expert Peter Schiff, the founder of Euro Pacific Capital and Schiff Gold, recently has talked with Greg Hunter of USAWatchdog.com. Schiff thinks that the risk of a US dollar collapse is rising. The Fed and Congress are printing money to deal with the economic crisis caused by the COVID-19 pandemic, which… Read More

Bloomberg Report Predicts Bitcoin Will Be A Store of Value – Like Gold

According to Bloomberg’s 2020 crypto outlook report, which was published last week, analysts predict Bitcoin’s price could reclaim the highs of its 2019 range in 2020. A price target of $14,000 USD was suggested in the report.The factors that could drive Bitcoin higher are a weak US Dollar, stock market volatility, and rising geopolitical tensions…. Read More

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