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Government crackdowns on domestic Bitcoin trading will continue if capital flight becomes a serious issue

What a difference a year makes for Bitcoin. At the beginning of 2017 the cryptocurrency not only began its meteoric rise in price compared to the world's global currencies, but it also saw numerous governments commence their first real set of regulations and outright crackdowns as more and more investors used Bitcoin as a means to get out of their domestic currencies and into what they perceived were more s ...

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As an entrepreneur forecasts the death of cash, one major bank is already seeing this at their local branches

On Dec. 1 Evan Sohn, an enterpreneur in the tech industry, spoke to the panel on CNBC about the declining use of cash in the economy, and how digital payments will one day soon make the holding of physical cash obsolete. The world will soon be left without paper money, says tech entrepreneur Evan Sohn, as more and more people move to non-cash transactions. "How far are we from a restaurant that says we only ...

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Fed is fighting the last war and incapable of dealing with coming collapse that could be six times greater than 2008

According to economist Jim Rickards, the global financial system could very easily see a meltdown six times greater than what took place in 2008, and where central banks today would be incapable of handling such a collapse.  And One of the primary reasons for this according to Rickards is that the Fed, along with other central banks, are 'fighting the last war'. In a famous documentary about World War I, hi ...

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Trump victory over Obama holdovers at the CFPB who are alleged to have conned banks into funding ant-Trump organizations

When two of the biggest swamp dwellers in Washington pushed through the corrupt Dodd-Frank Banking Reform Act back in 2010, one of the by-products of this egregious legislation was in the creation of the Consumer Financial Protection Bureau.  And with prior Obama era holdovers actually suing the Trump administration for replacing them in offices they felt 'entitled' to have, a judge laid down the law on Nov ...

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A tale of two ‘cities’ American style

On Black Friday (Nov. 24), Amazon stock shot up during the day's market trading session which allowed CEO Jeff Bezos to become the first American to be worth over $100 billion... at least on paper.  And when you couple his wealth with the other two richest men in the U.S., their combined riches are greater than the total accumulated wealth of the bottom 50%. However the rapid increase in wealth for these me ...

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While the last few years of populism have been focused on the political, expect the next leg of change to be economic

In an interesting correlation between today and the last great populist movement from the 20th century, each stage of the movement appears to be going in lockstep with what took place during the previous cycle of the 1920's and 30's.  And in a new study published by billionaire hedge fund manager Ray Dalio, that next step following the political unrest of a populist uprising is the pendulum swinging around ...

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After creating a dollar denominated cryptocurrency, Coinfix is setting their sights on several others

Last week, Coinfix announced they had created a new cryptocurrency that would be focused on the dollar, and denominated in it with a 1:1 exchange rate.  Now on Nov. 20 the company is ramping up their scope to soon include several other sovereign currencies in their cryptocurrency model. Blockchain company Coinfix which recently launched a US dollar-backed digital currency called USC, based on smart contract ...

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With the Fed lying about unwinding balance sheet, the central bank appears to have no intention of letting stocks tank

Since the end of summer, Janet Yellen stated during one of the Fed's FOMC meetings that the central bank would begin unwinding its $4.8 trillion balance sheet in October since the economy 'appeared' to be able to stand on its own.  But according to analyst Dave Kranzler over at Investment Research Dynamics, not only has the Fed not begun to unwind, but their balance sheet has actually increased between Octo ...

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Incoming Fed Chairman dreaming up ‘new tools’ for next recession since central banks haven’t normalized from previous one

In a recent discussion on monetary policy, President Trump's incoming Fed Chairman stated that he believes there is a need for central banks to work on 'new tools' to deal with the next worldwide recession. Central banks as a whole, which include the Bank of Japan, Bank of England, the European Central Bank, and of course the Fed, have not normalized their monetary policies since the last recession eight ye ...

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White House looking at former Pimco exec to replace Stanley Fischer as second in command at the Fed

On Nov. 14 news broke out that President Donald Trump was taking a serious look at Mohamed El-Erian to replace Stanley Fischer as the Vice-Chairman of the Federal Reserve.  El-Erian has a long history working in an industry that deals significantly with interest rates as he formerly was the second in command behind Bill Gross at the world's largest bond insurer. In what will come as a big surprise to many F ...

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Combined consumer debt back at all-time highs heading into Christmas shopping season

After a brief respite earlier in 2017, all of a sudden consumer debt across the board has surged in the areas of student loans, auto loans, and credit card debt just weeks before retailers hope to have their biggest selling period of the year. In fact credit card debt has soared back over the $1 trillion mark after falling below this Maginot lone during the summer, leading to a validation of a recent survey ...

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Trump’s tax reform will be meaningless unless he stops the Fed from imposing the hidden tax of inflation

For producers and consumers there are two primary ways to be taxed... directly and indirectly.  And judging by how the Fed has been allowed to hold sway over both fiscal and monetary policies since the 2008 Financial Crisis, President Trump's tax reform plan will end up being meaningless if he doesn't reign in the central bank's programs that have led to rising inflation. Over the past several years the Fed ...

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