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🔥 US Dollar Near 'Historic Crash' — 'Forget Soft Landing, It's Crash and Burn'
Economist Peter Schiff has warned that the U.S. dollar is “on the verge of a historic crash.” He stressed that there won’t be a soft landing for the U.S. economy, predicting a “crash & burn” scenario. Schiff highlighted the potential for increased inflation, rising interest rates, and elevated unemployment. “The economy is weaker than the Fed thinks and the result will be larger budget deficits and higher inflation,” he noted.
The U.S. dollar is on the verge of a historic crash. This will be a game changer for the Fed and the economy, as it will send inflation, interest rates, and unemployment soaring. Forget about a soft-landing. It’s crash & burn.
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🔥 US Dollar Weaponization Has Powered Record Central Bank Gold Purchases
Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the weaponization of fiat currencies like the dollar, which has driven countries in “de-dollarization mode” to take refuge in gold.
You never exactly know what these central banks are going to do, but the trend right now is a lot of central bank buying, and the reason behind this is that there is a lot of uncertainty, everything has become more politicized in the realm of fiat money.
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🔥 European Banking Authority Launches New Consultation on Crypto Travel Rule
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto assets service providers (CASPs) must complete to collect the needed information to comply with the travel rule, and the actions they must take when getting this information is not possible.
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🔥 Eurasian Economic Union Minister: CBDCs Will Pave the Way for the Launch of a Digital Reserve Currency
Sergei Glazyev, minister of integration and macroeconomics of the Eurasian Economic Union (EEU), has noted the advancements the adoption of central bank digital currencies (CBDCs) could ostensibly bring to the trading dynamics of the region. According to Glazyev, the launch of several digital currencies will allow countries to settle trades outside of the U.S. dollar as early as next year, leading to the rise of a new reserve currency.
Blockchain-based payment method is much easier than going through banks. There are no endless restrictions and regulatory fears of sanctions. Digital currencies allow trading operations to bypass banks.
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🔥 Former NYSE President: Money Will Flood Into Crypto Industry With Spot Bitcoin ETFs
Former NYSE President Tom Farley expects money to “flood” into the crypto industry when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “It’s just easier to buy. People believe in bitcoin,” he emphasized, adding that the cryptocurrency “is a great invention.”
The winning exchanges are going to be trusted, compliant, and support and bolster the digital asset industry.
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🔥 Today November 22, 1963, at 12:30 p.m. CST in Dallas, The Day The Earth Stood Still.
We Will Never Forget 🙏 🤝 🇺🇸
Shortly after noon on November 22, 1963, President John F. Kennedy was assassinated as he rode in a motorcade through Dealey Plaza in downtown Dallas, Texas.
Rest In Peace Mr. President John F. Kennedy. ✝️
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🔥 Centralized Provider Problem Causes Nationwide Digital Payment Meltdown in Spain: Users Turn to Crypto and Cash
A problem with Redsys, a third-party platform used in all of Spain, caused a meltdown for almost all of the digital payment options in the country, leaving citizens without means of payment for hours. The incident left stores without the possibility of using credit and debit cards for receiving payments, and users had to turn to cash and other options like crypto.
The national Redsys network has gone down while I was in line to eat at IKEA without having any cash, I was able to buy a gift card with Bitrefill and Phoenix Wallet. I can eat now.
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🔥 Analysts Fear European Digital Identity Wallet Implementation Might Lead to Mass Surveillance
A group of analysts and companies have raised their voices against the risks that the upcoming European Digital Identity Wallet implementation might bring to Europeans’ privacy. Article 45 of a leaked Eidas document (Electronic Identification, Authentication, and Trust Services) indicates that web browsers distributed in Europe will have to accept certificates and cryptographic keys selected by the European Union (EU), opening the doors to online surveillance.
The current proposal radically expands the ability of governments to surveil both their own citizens and residents across the EU by providing them with the technical means to intercept encrypted web traffic, as well as undermining the existing oversight mechanisms relied on by European citizens.
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🔥 Libertarian and Free Market Proponent Javier Milei Wins Argentine Presidency
Argentina has welcomed Javier Milei as its newly elected president, with the libertarian candidate achieving a majority in the popular vote, surpassing his opponent Sergio Massa. Milei, who identifies as an anarcho-capitalist and a WEF Young Global Leader, has expressed his intention to dismantle the political “caste” which he accuses of failing the nation, boldly asserting earlier this year that the state “destroys wealth.”
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