Authored by Andrew Korybko via One World Press, COVID-19 has fundamentally changed life as we know it, and it’s more than likely that our future will be a dystopian one given how various governments have already responded to this viral outbreak. The skeptics among us are fearful that this whole pandemic is overblown and being exploited as a smokescreen for stealing our freedoms, and while their attitude towards […]
Reasons
9 posts
Ajit Tripathi, a CoinDesk columnist, is an entrepreneur and crypto co-host at the Breaking Banks Europe Podcast. Previously, he served as a Fintech Partner at ConsenSys and a co-founder of PwC’s UK Blockchain Practice. Before coronavirus hit the west in late February, the world’s attention was focused on billionaires saving the world in Davos. This year saving the world involved three things: 1. artificial intelligence, 2. […]
The dollar is on fire, and when it comes to explaining the now historic surge in the US dollar, where the Bloomberg Dollar index just hit an all time high… … all one needs to know is what we wrote over the weekend, and repeated today, namely that the world is facing a historic, $12 trillion dollar margin call which won’t end until investor confidence is […]
From today’s buy order activity to bitcoin’s historic ability to bounce back after being pronounced dead, a few calming notes in a day of chaos. The coronavirus got really extra real today for markets. A two and a half week sell-off was tipped to the next level by a major ratcheting up of action from the U.S. government (which still seemed clearly to be not enough […]
Authored by Doug “Uncola” Lynn via TheBurningPlatform.com, Only one form of contagion travels faster than a virus. And that’s fear. – Dan Brown, Inferno It appears reaction to Coronavirus has wreaked more carnage globally than the virus itself. Although a 2-3% mortality rate is nothing to sneeze at, it’s not exactly a Biblical plague either; even if virtually none of it passes the sniff test. Given how Coronavirus has been reported, coupled with how […]
Authored by Antonis Giannakopoulos via The Mises Institute, One of the defining characteristics of advocates for socialism is an obsession with equality. According to this line of thinking, inequality is the central problem of the modern world, and it demands a centralized solution. Thus, socialists – and more mild social democrats – push to use the power of the state to force the transfer of wealth […]
The World Bank launched a $425 million 2017 catastrophe bond issue supporting its Pandemic Emergency Financing Facility (PEF). There are two tranches of PEF bonds outstanding, expected to mature in July, and this means investors of the bonds will collect massive profits if the bonds aren’t triggered or will lose everything if the Covid-19 outbreak continues to escalate. It’s becoming increasingly apparent why the World Health […]
Byrne Hobart, a CoinDesk columnist, is an investor, consultant and writer in New York. His newsletter, The Diff (diff.substack.com) covers inflection points in finance and technology. In October, China’s President Xi Jinping said China should “seize the opportunity” to use the blockchain. To cryptocurrency advocates, this is exciting – and confusing. Why would a deeply centralized country want to use an intrinsically decentralized technology? Why would […]
Opinion 23:13 GMT 13.02.2020Get short URL UK Prime Minister Boris Johnson has conducted a major cabinet reshuffle, awarding ministerial posts for his reported allies following the Tories’ biggest win in the British general elections since the 1980s. UK-based Steve Keen, a professor of economics who is crowdfunded on Patreon, emphasizes the role of certain cabinet members who were rumored to trigger the major reshuffle, and also […]