Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts

August 23, 2024 Bitcoin.com

bitcoin.com

Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Devere CEO Advises Shifting Away From US Assets as Dollar Weakens

August 22, 2024 Bitcoin.com

bitcoin.com

Nigel Green, CEO of financial advisory and investment management firm Devere Group, has advised investors to reassess portfolios due to the U.S. dollar’s significant drop, which signals a potential shift in market dynamics. The dollar’s decline could present both challenges and opportunities, he said, advising investors to strategically diversify away from dollar-heavy assets to capitalize […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’

August 20, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System

August 20, 2024 Bitcoin.com

Anton Siluanov

Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated with executing these using “unfriendly” currencies. Russian Finance […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

No mention of crypto in the Democratic Party’s 2024 platform

August 19, 2024 Coin Telegraph

Coin Telegraph

The 91-page party platform is expected to be passed on Aug. 19 in a vote from the Democratic National Convention (DNC).

Contrary to weeks of messaging from the Harris-Walz 2024 presidential campaign and senior Democrat officials promising a crypto ‘reset’ pivoting from the anti-crypto policies of the Biden administration, the 2024 Democrat Party platform made no mention of cryptocurrencies or digital asset policy.

The 91-page party platform touched on everything from “corporate greed,” housing, and education, to US foreign policy and geostrategic power.

Cost-cutting was a recurring theme in the lengthy document, yet nowhere in the party platform were solutions to tackle the core issue of rising costs due to monetary debasement or austerity measures to control the spending of the US government, which currently has a staggering $35 trillion in debt.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut

August 18, 2024 Bitcoin.com

bitcoin.com

Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’

August 17, 2024 Bitcoin.com

Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash

August 17, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession, emphasizing the potential severity of […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Financial Analyst Peter St Onge States Saving the Dollar Is Easy: Return to the Gold Standard

August 16, 2024 Bitcoin.com

bitcoin.com

Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with gold at current prices and mandating the Treasury to repurchase it when it flows out. Economist […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Food Price Controls in America? Kamala Harris’s Controversial 2024 Strategy Unveiled

August 16, 2024 Bitcoin.com

bitcoin.com

Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal ban” on food price increases. Despite the price control failures seen in countries like Venezuela, Bolivia, and Argentina, Harris’s […]

Economics