Inside the Secret Meeting Where Wall Street Tested Digital Cash
Bloomberg | “We created a digital dollar”.
Tag: Money Watch
Bank of England busy preparing for Brexit vote
Financial Times | The Bank of England is consumed with preparing contingency plans for Britain to leave the EU, with staff across its financial stability, monetary policy and regulatory wings ready to calm any turmoil.
Deutsche Bank Unveils The Next Step: “QE Has Run Its Course, It’s Time To Tax Wealth”
Zero Hedge | Helicopter money may be on the horizon, but if Deutsche Bank has its way, there is at least one intermediate step.
Bitcoin creator finally revealed? Australian Craig Wright outs himself as ‘Satoshi Nakamoto’
RT | Australian businessman Craig Wright has revealed he is the man behind the cryptocurrency Bitcoin, ending years of speculation.
Deutsche Bank Unveils The Next Step: “QE Has Run Its Course, It’s Time To Tax Wealth”
Zero Hedge | Helicopter money may be on the horizon, but if Deutsche Bank has its way, there is at least one intermediate step.
Do Rich People Pay Their “Fair Share”?
Ryan McMaken | Earlier this month, information from a Panamanian law firm was leaked which showed that many wealthy people had set up Panamanian shell companies to hide income and avoid taxes.
The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5%
Michael Snyder | Even the government is admitting that the U.S. economy is slowing down. On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.
This Is The End: Venezuela Runs Out Of Money To Print New Money
Zero Hedge | Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days…
America’s Entitled (And Doomed) Upper Middle Class
Charles Hugh-Smith | The upper middle class is well and truly doomed by self-delusion and the pathology of entitlement.
Did Goldman Sachs’ Latest Move Into Main Street Banking Just Give Us A Warning About The Coming Financial Crisis?
Mac Slavo | According to a new report from the Financial Times via The Daily Star, mega-banking giant Goldman Sachs is now getting into the retail banking business and looking for more depositors to help fund their operations.
Economy In Decline: Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically
Michael Snyder | On Tuesday, Apple shocked the financial world by reporting that revenue for the first quarter had fallen 7.4 billion dollars compared to the same quarter last year.
China Is Building a Robot Army of Model Workers
MIT Tech Review | Can China reboot its manufacturing industry—and the global economy—by replacing millions of workers with machines?
BILL CLINTON: Obama economy gave rise to Trump, Sanders
American Mirror | Bill Clinton says the political environment that has given rise to Donald Trump and Bernie Sanders can be traced back to the economic woes of the Barack Obama years.
Socialism is more unpopular with millennials than capitalism, new Harvard survey finds
The College Fix | But conservatives and Republicans are wary of capitalism, too.
The Status Quo Has Failed and Is Beyond Reform
Charles Hugh Smith | That the status quo–the current pyramid of wealth and power dominated by the few at the top–has failed is self-evident, but we can’t bear to talk about it.