Today’s Top News Byte
Governments around the world are careening toward a period of dramatic spending.
People around the world are seeking alternatives such as digital currency, Bitcoin and other cryptocurrencies away from the traditional paper currency that can be a cause of viral infections, and are easily manipulated in so many ways causing serious damage to the economy in the long run due to inflation, most especially in times of crisis such as unseen virus, COVID-19. This allows the private banks to print a horrifying amount of money leaving the governments without a choice to eradicate impoverishment of the bleeding society. Read more.
IMF Sees World in Worst Recession Since Great Depression
In times of crisis, people seek for financial shelter to support their daily necessities. Now, in this on-going crisis, companies and businesses around the world have closed and declared job cuts hundred thousand daily and even horrifically, 16 million people in America alone have lost their jobs creating trillions upon trillions of new paper currency printed to aid industries and small businesses, hence, the economy for its people. Read more
If you like this Newsletter, you will be glad to read,
The Austrian Way by Aaron Koenig.
The Bank of England Goes Into Hyperinflationary Mode.
#boe #weimar #hyperinflation #sterling #hmtreasury #gilts #centralbanks #markets #moneyprinting #gold #preciousmetals Today is, in my opinion, a historic day…
Chamath Palihapitiya: the US shouldn’t bail out hedge funds, billionaires during coronavirus pandemic
The news report by CNBC interviewed Chamath Palihapitiya: Who cares? Let them get wiped out.” Read more
Digitizing the Dollar with Christopher Giancarlo
Christopher Giancarlo earned the moniker “Crypto Dad” by advocating for sensible crypto regulation during his time as CFTC Commissioner. He’s since joined the advisory board to the Chamber of Digital Commerce to advocate for the Digital Dollar Project.