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JPMorgan and Too-Big-To-Fail Banks Are Right To Panic Over American CBDC: Yanis Varoufakis

JPMorgan and Too-Big-To-Fail Banks Are Right To Panic Over American CBDC: Yanis Varoufakis

The former prime minister of Greece says the current banking regime is rightfully wary of a central bank digital currency (CBDC) in the US. Writing in an op-ed for Project Syndicate, Yanis Varoufakis says fears of future CBDCs are similar to the fears of smoking restrictions. Just as cigarette companies lamented the rise of smoking […]

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US Dollar Dumping Has Started in Both Words and Actions As BRICS Nations Join Forces, Says Russia’s Top Diplomat

US Dollar Dumping Has Started in Both Words and Actions As BRICS Nations Join Forces, Says Russia’s Top Diplomat

Russian foreign minister Sergey Lavrov says de-dollarization is already underway due to the US government’s rhetoric and policies. Lavrov says countries within the BRICS alliance, or the economic coalition of Brazil, Russia, India, China and South Africa, are actively plotting a path forward without the US dollar, According to a new report from Tass. Lavrov, […]

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‘Perfect Storm’ Could Slam Commercial Real Estate and US Financial System, Warns Economist Peter St Onge

‘Perfect Storm’ Could Slam Commercial Real Estate and US Financial System, Warns Economist Peter St Onge

A weakening commercial real estate sector could be a canary in the coal mine for the US financial system at large, according to economist Peter St Onge. In a new video update, the analyst says growth in major urban areas of the US appears to be declining, which could potentially wipe out a slew of […]

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BRICS Leader Says Wave of Interest Incoming As Group Aligns Against US Dollar: Report

BRICS Leader Says Wave of Interest Incoming As Group Aligns Against US Dollar: Report

A group of economically-aligned nations known as BRICS is reportedly sorting through a surge of interest from countries wishing to join the coalition. The group, which is exploring the launch of a global currency that would circumvent the US dollar, is preparing to respond to a wave of applications from like-minded countries, reports Telesur. Naledi […]

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‘We Should Be Nervous’ – Speaker McCarthy Says Biden Not Negotiating US Debt Ceiling As Default Looms

‘We Should Be Nervous’ – Speaker McCarthy Says Biden Not Negotiating US Debt Ceiling As Default Looms

House of Representatives Speaker Kevin McCarthy says President Joe Biden is failing to adequately negotiate the raising of the US debt limit, and it should people nervous. In a new interview with CNBC, McCarthy says that he repeatedly criticized the President for not negotiating, and now a dangerously tight deadline to reach an agreement awaits. […]

The post ‘We Should Be Nervous’ – Speaker McCarthy Says Biden Not Negotiating US Debt Ceiling As Default Looms appeared first on The Daily Hodl.

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US Banking Crisis Triggered $68,000,000,000 in Outflows From Global Financial Giant: Report

US Banking Crisis Triggered ,000,000,000 in Outflows From Global Financial Giant: Report

Stress that began the US banking system triggered a flight of $68 billion from failed Swiss financial giant Credit Suisse, according to new reports. The bank told Reuters that over 61 billion francs ($68 billion) in assets left the bank in Q1 of this year, and that those outflows are growing by the day. Credit […]

The post US Banking Crisis Triggered $68,000,000,000 in Outflows From Global Financial Giant: Report appeared first on The Daily Hodl.

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Former Goldman Sachs Executive Predicts 1,000,000,000 Users To Flood Crypto Markets This Cycle

Former Goldman Sachs Executive Predicts 1,000,000,000 Users To Flood Crypto Markets This Cycle

Real Vision founder and former Goldman Sachs executive Raoul Pal says that crypto could reach a huge milestone in the next bull market with a billion or more users. In a new ask me anything (AMA) session, Pal says that an inevitable wave of liquidity will prop up risk-on assets like crypto. According to the […]

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Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious MetalGold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy […]

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Crypto Bull Tom Lee Reveals 2023 Macro Outlook, Says This Year’s Terrible Conditions Are ‘Unlikely To Persist’

Crypto Bull Tom Lee Reveals 2023 Macro Outlook, Says This Year’s Terrible Conditions Are ‘Unlikely To Persist’

Fundstrat Global Advisors’ managing partner Tom Lee thinks the terrible macroeconomic conditions of 2022 are “unlikely to persist” next year. In a new Twitter thread, Lee says that he thinks inflation is falling faster than the markets and the Federal Reserve expect. The CNBC contributor also notes the Fed likes to see a strong labor […]

The post Crypto Bull Tom Lee Reveals 2023 Macro Outlook, Says This Year’s Terrible Conditions Are ‘Unlikely To Persist’ appeared first on The Daily Hodl.

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Crypto Prices Jump After US Labor Report Shows Increase in Both Jobs and Unemployment Rate

Crypto Prices Jump After US Labor Report Shows Increase in Both Jobs and Unemployment Rate

A fact-finding agency says digital asset markets spiked higher late this week following news that the US job market is showing potential signs of recovery after a consensus beat in non-farm employment change. Data from the Bureau of Labor Statistics (BLS) reveals that 261,000 jobs were added to the US economy in October, 61,000 higher […]

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