Brian Armstrong Proposes US Sovereign Wealth Fund That Pays Americans Dividends Through Elon Musk’s D.O.G.E.

November 19, 2024 The Daily Hodl

Coinbase co-founder and CEO Brian Armstrong is proposing a plan that would pay dividends to Americans while making the size of the government leaner. Armstrong says on the social media platform X that President-elect Donald Trump’s proposed Department of Government Efficiency (DOGE) is a “once in a lifetime opportunity” to “cut the size of government […]

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US Borrowing $8,000,000,000 Per Day As Ratings Agency Moody Issues Warning on Nation’s Deteriorating Fiscal Strength

November 16, 2024 The Daily Hodl

US Borrowing ,000,000,000 Per Day As Ratings Agency Moody Issues Warning on Nation’s Deteriorating Fiscal Strength

Daily Hodl

New numbers show the US government is piling a staggering amount of debt onto its balance sheet every single day. The nonpartisan, nonprofit Committee for a Responsible Federal Budget (CRFB) says the federal government is now borrowing $8 billion per day just to keep things running. Citing data from the Congressional Budget Office (CBO), the […]

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$33,000,000,000,000 ‘Wall of Debt’ Descending on Globe As Governments Face Financial Day of Reckoning: Report

November 10, 2024 The Daily Hodl

Daily Hodl

Governments around the world are facing a major day of reckoning on trillions of dollars of debt. A so-called “maturity wall” of debt that advanced economies must refinance will descend by 2026. And that great wall of debt is projected to accumulate to more than $33 trillion by the time it needs refinancing, reports the […]

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Billionaire Warren Buffett Fumbles $40,000,000,000 After Dumping Apple, Bank of America, Wells Fargo, JPMorgan Chase and Goldman Sachs Early: Report

November 10, 2024 The Daily Hodl

bank

Billionaire Warren Buffett has now missed about $40 billion in gains after selling huge quantities of Berkshire Hathaway’s assets early, according to a new report. The famed investor reduced Berkshire’s positions by a net $127 billion in 2024, reports Barron’s, making headlines for dumping approximately $100 billion of Apple shares and $10 billion of Bank […]

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$1,920,000,000,000 Debt Explosion Hits US As International Monetary Fund Issues Dire Warning on Nation’s ‘Loose Fiscal Policy’

November 10, 2024 The Daily Hodl

Daily Hodl

The US government has added nearly $2 trillion to the national debt since the start of the year, according to new data from the Treasury Department. The Treasury’s Debt to the Penny database shows that the US national debt has increased by $1.92 trillion since January 2nd, bringing the total debt to more than $35.91 […]

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JPMorgan Chase Denies $53,000 Pension Payout, Widow Says Bank Treated Her Like ‘Insignificant Cockroach To Be Stepped On’: Report

November 9, 2024 The Daily Hodl

bank

JPMorgan Chase is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg’s departed spouse Melvyn worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979, reports the New York Post. Melvyn died in 1988 due to multiple […]

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US City Handing $600,000 To Residents As New Guaranteed Income Pilot Witnesses ‘Astounding’ Demand

November 8, 2024 The Daily Hodl

US City Handing 0,000 To Residents As New Guaranteed Income Pilot Witnesses ‘Astounding’ Demand

Basic Income

A group of residents in one US city will soon receive thousands of dollars from a new guaranteed income pilot program. Officials in the city of Salem, Massachusetts say they had to abruptly close registrations for Uplift Salem due to an “astounding” amount of demand. The program will distribute a total of $600,000 to people […]

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US Big Four Bank Citi and Fidelity International Unveil Proof of Concept of an On-Chain Money Market Fund

November 7, 2024 The Daily Hodl

Banks

American investment bank Citi and asset manager Fidelity have teamed up to develop a blockchain-based investment fund that can power real-time settlements. In a statement, Citi and Fidelity International introduce the proof-of-concept of an on-chain money market fund (MMF) with digital foreign exchange (FX) swap that can execute programmable multi-asset transactions on-chain, which is not […]

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Here Are the Three Most Important Charts for Crypto and Macro Right Now: Ex-Goldman Sachs Executive Raoul Pal

November 7, 2024 The Daily Hodl

Daily Hodl

Former Goldman Sachs executive Raoul Pal is outlining what he says are currently the three most important charts for crypto and macro. The first chart Pal shares with his 1 million followers on the social media platform X is a graph plotting US labor force participation rate and the US birth rate per 1,000 people […]

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Citi Trader Says Bank Watching for ‘Trump Rip’ or ‘Harris Dip’ As Markets Brace for Election Results

November 5, 2024 The Daily Hodl

Citi

Citi’s US equity strategist says the bank will be looking for trading opportunities this week on election-induced market volatility. Speaking in a new interview on CNBC’s Squawk Box, Citi’s Scott Chronert says that the S&P 500 is mostly fair valued at current levels, but that the election could skew the market in either direction depending […]

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