Bitcoin hit $12,000 but then fell as long derivatives traders were wiped out. Meanwhile, DeFi lending continues to grow. Bitcoin (BTC) trading around $11,884 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,468-$12,084 BTC above its 10-day and 50-day moving averages, […]
debt
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A Brazilian crypto businessman who allegedly arranged his former lawyer’s murder rather than pay the man a R$2.5 million ($471,965) bitcoin debt remains jailed after Brazil’s Supreme Court rejected his request for freedom. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic […]
Fed Guarantees Unproductive Debt And Perilous Speculation By Ralph Nader, Nader.org. July 30, 2020 Fed Guarantees Unproductive Debt And Perilous Speculation2020-07-302020-07-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2016/04/Federal-Reserve-protest-End-the-Fed-150×112.jpg200px200px Above: Federal Reserve protest End the Fed. The Federal Reserve Board – our unaccountable Central Bank – needs more citizen and Congressional supervision. Fees from financial institutions fund its operations, […]
The US dollar’s status as the dominant global currency is at risk of being eroded because of mounting government debt, according to Zhu Min, former senior executive with the International Monetary Fund (IMF). His warning comes as the United States is expected to double down on its fiscal stimulus measures […]
Modern Monetary Theory (MMT) says that countries such as the UK and US don’t need to worry about taxes and can essentially print as much money as they require, an argument which has taken increasing significance amid the COVID-19 crisis because of the level of spending governments are engaged in […]
https://cdn1.img.sputniknews.com/img/107964/42/1079644233_0:0:2101:1182_1200x675_80_0_0_b85f932a43a06eb0a18c69955afff418.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/asia/202006171079644282-china-pledges-to-cancel-african-debt-amid-covid-19-outbreak-president-says/ MOSCOW (Sputnik) – China will cancel the debt of several African countries in the form of interest-free government loans and will accelerate the construction of the Africa Centres for Disease Control and Prevention (Africa CDC) headquarters, Chinese President Xi Jinping said on Wednesday, […]
https://cdn1.img.sputniknews.com/img/105732/23/1057322350_0:120:1280:840_1200x675_80_0_0_fd5973fc95f538998803f9b1ddf2a89e.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202006111079581037-treasury-department-us-national-debt-exceeds-26-trillion-for-first-time/ WASHINGTON (Sputnik) – The United States’ national debt total has exceeded $26 trillion for the first time in US history, Treasury data revealed. The data published on Wednesday showed that as of this week the United States’ debt sits at $26,003,751,512,345 as the […]
Debt Strike Needed As Debt Collectors Keep Coming After Millions Of People By Paul Kiel and Jeff Ernsthausen, ProPublica. June 9, 2020 Debt Strike Needed As Debt Collectors Keep Coming After Millions Of People2020-06-092020-06-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2013/11/Strike-Debt-banner1-150×112.jpg200px200px Capital One and Other Debt Collectors Are Still Coming for Millions of Americans As the COVID-19 pandemic hit, […]
The US Federal Reserve’s balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic, according to the Financial Times. RT’s Keiser Report looks at the chart, showing that in 2007 there was “barely anything” […]
US 00:16 GMT 22.05.2020(updated 00:35 GMT 22.05.2020) Get short URL Following several weeks of layoffs, business closures and other economic fallout related to the COVID-19 pandemic in the US, the nation observed surging mortgage delinquencies and a significant uptick in “financial hardship” statuses for certain credit products in April, according […]
A conversation with the “Price of Tomorrow” author on the key structural challenge looming over the global economy. Two powerful and diametrically opposed forces are shaping the economy. On the one hand is inflationary economic policy, which keeps the price of assets like real estate and stocks rising ever higher, […]
Initial Reflections On ‘Debt Jubilee’, MMT, And Limits Of Monetary Policy May 9, 2020 Initial Reflections On ‘Debt Jubilee’, MMT, And Limits Of Monetary Policy2020-05-092020-05-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/fed-1-e1589039877971.jpg200px200px Above photo: End the Fed rally in San Francisco. One of the readers of this blog recently asked me my views on topics such as […]
The US 10-year Treasury bond yield fell 0.7 percent in response to the latest report of jobless claims. That comes a week after the Treasury said it would borrow a record $2.99 trillion this quarter, and launch a 20-year bond. RT’s Boom Bust talks to former Federal Reserve insider Danielle […]