Posts Tagged ‘currency’

CASHLESS SOCIETY 2020: How Banks Mint Money and What’s Restraining Digital Currency

Bill Gates, a plague and central banks have converged like the perfect storm to propel the US toward becoming a cashless society and toward using digital ID’s for all personal financial transactions. The coronavirus bound these forces together, compounded them with fear to overcome inertia, and is accelerating society down the digital-currency highway. […]

ANALYSIS: Bitcoin could go to $100,000 as the fiat currency dollar collapses, but the "value" won’t be the fortune you’re imagining

(Natural News) On a topic like Bitcoin, it’s important to start with a disclaimer: I own zero Bitcoin. I used to mine Bitcoin using excess solar energy that I had installed on our offices in Arizona, and I later sold that Bitcoin for physical gold. Thus, I actually turned sunlight into gold, […]

Russia’s levitating ruble: Why oil price collapse has NOT sent currency into FREEFALL

The collapse of oil prices at the start of March after Russia withdrew from the OPEC+ deal was a disaster for Moscow, which remains heavily reliant on oil exports to fund the budget. But then an odd thing happened: the price of oil lost 56 percent of its value in the year to date, as […]

CV-1984: China Rolls Out Test Of Digital Currency In Four Cities, Western Businesses Testing

By Aaron Kesel After the coronavirus caused China to shut down most of its businesses, and cities, the country is now striking back hard by releasing a digital currency and national blockchain. China’s central bank The People’s Bank Of China, began testing its new digital Yuan’s interface on April 14th with one of its largest […]

The COVID Illusion and the Currency Reset

Jon Rappoport, Guest Waking Times When this highly destructive farce is over, there are several ways things could go. In this article, I describe one path. The World Health Organization (WHO) and the World Bank (WB) are joined at the hip. In 2018, they double-knotted their ties by forming a partnership to monitor outbreaks and epidemics […]

COVID-19: Martial Law, Digital Currency, and World Government

I certainly don’t claim to be a financial wizard. In fact, at best, I have a rudimentary understanding of how the convoluted funny money economy works. However, you don’t need to fully comprehend the ins-and-outs of rigged monetary system to understand we’re in for big trouble and the coronavirus “pandemic” is not only accelerating […]

Gold Is the Strongest Currency Since the Coronavirus Scare

By Mike Gleason Another tumultuous week in equity and interest rate markets has helped fuel a big pop in safe-haven demand for gold and silver. The major market moving event was, of course, the Federal Reserve’s emergency rate cut on Tuesday. The Fed slashed its overnight funds rate by 50 basis points. But even before […]

Yes, China Is a Currency Manipulator — And the U.S. Banking System Is a Metals Manipulator

By Stefan Gleason The U.S. Treasury Department announced Monday that China is no longer on a list of countries deemed to be “currency manipulators.” The timing was awfully convenient, coming just ahead of an expected Phase One trade deal between the two powers. Nobody actually believes China has stopped manipulating the value of its yuan […]

Carney’s Green Crypto Currency: Prelude To A Financial Meltdown

Authored by Matthew Ehret via The Strategic Culture Foundation, The momentum pushing for the overhaul of the financial system from its current disorderly state of unbounded speculation (amounting to over $1.5 quadrillion of derivatives) towards a “reformed central bank-driven” system of green finance is moving startlingly fast. The fact that this momentum is both coming […]

Bank of England and Fed Continue to Advance Digital Currency Agenda

The suggestion that central banks in particular have ‘backed themselves into a corner‘ on monetary policy is often where attention is focused. But there is a great deal more to central banks than just their stance on interest rates and stimulus measures. Following on from a series of articles I published over the […]

Activating the New Currency: Discover Your Relationship With the Generous, Loving Energy of Money – FREE Event

Are you struggling financially? Does there always seem to be a limited supply of money in your life? Perhaps you feel that wanting money is not “spiritual”? Join leading money consciousness teacher Sarah McCrum to learn how to shift your orientation toward money, so that you can experience an energetic change which invites abundance into […]

Iranian president submits bill to devalue battered rial currency

TEHRAN, Iran (AP) — Iran’s president sent a bill to parliament Wednesday that would cut four zeroes from the value of the Islamic Republic’s sanctions-battered currency, the rial, as tensions remain high between Tehran and Washington. By sending the bill to lawmakers, President Hassan Rouhani’s government shows it is serious about an idea mulled for […]

Iran to scrap rial for good as parseh becomes small currency unit

The rial, the currency unit used consistently in Iran for almost a century, will be totally abandoned once the country introduces a redenomination. Iran’s new small unit of currency under toman will be named parseh and not rial, as previously reported in the media, based on the terms of a bill sent by the government […]

Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble

By Tyler Durden Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, […]

The Global Currency War Has Begun. China’s Yuan Breaks the 7 to $1 Band. Why is The Dollar Rising?

Over this weekend, China’s Yuan currency broke out of its band and devalued to more than 7 to $1. At the same time China announced it would not purchase more US agricultural goods. The Trump-US Neocon trade strategy has just imploded. As this writer has been predicting, the threshold has now been passed, from a […]

The Global Currency War Has Begun. China’s Yuan Breaks the 7 to $1 Band. Why is The Dollar Rising?

Over this weekend, China’s Yuan currency broke out of its band and devalued to more than 7 to $1. At the same time China announced it would not purchase more US agricultural goods. The Trump-US Neocon trade strategy has just imploded. As this writer has been predicting, the threshold has now been passed, from a […]

Walmart Is Trying To Patent Its Own "Libra"-Like Digital Currency

Authored by Marie Huillet via CoinTelegraph.com, A new patent filing suggests that United States retail giant Walmart may be developing its own U.S. dollar-backed digital currency similar to Facebook’s Libra cryptocurrency.  image courtesy of CoinTelgraph Walmart filed patent for “Digital Currency via Blockchain” Patent filing number 20190236564, “System and Method for Digital Currency via Blockchain,” was published by the […]

Iran to launch Integrated Currency Market in early August: CBI

The Central Bank of Iran (CBI) has announced that a long-anticipated initiative for launching an integrated market that could positively impact currency exchanges in the country will take shape next month. The CBI said in a statement on Saturday that the Integrated Currency Market will open as of August 12, concurrent with a major religious […]

Trump Says US Should Join "Great Currency Manipulation Game" By Devaluing Dollar

President Trump has never been a fan of the strong dollar. And after beating around the bush for months by demanding a 50 bp rate cut and more QE from the Fed, it seems the president is now explicitly calling on the US to artificially weaken the greenback by any means necessary. In a tweet, […]

It’s No Bitcoin: Facebook’s Libra Currency Is Tied to Government Currencies

Authored by Ralph Fucetola via The Mises Institute, Nobel laureate F.A. Hayek was, as he says in the 1990 introduction to his Denationalization of Money: The Argument Refined, one of the chief “gold bugs” of the 20th century. And he reminded us, so long as politicians want to control money, gold-backed currency is essential to protect our […]

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