Turkey tops the world in stablecoin buying share vs. GDP
[Apr 25, 2024 7:00 AM] Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
3 / 7 Relevant items tagged with #Economy
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Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem
[Apr 9, 2024 5:26 PM] Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic…
Precious Metals Shine: Gold Hits Record High, Silver Sees Substantial Gains
[Apr 3, 2024 8:16 PM] The price of gold continues to hit unprecedented highs, with one troy ounce of .999 fine gold now trading at $2,298. Silver is also beginning to ride the wave of gold’s recent uptrend, with its value climbing 3.64% on Wednesday surpassing the…
Markets Tumble as Fed Rate Cut Expectations Diminish
[Apr 3, 2024 8:35 AM] Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a…
Peter Schiff Warns of Severe Economic Repercussions, Highlights Inflation and Money Supply Concerns
[Mar 30, 2024 1:22 PM] In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the…
Silver Left Behind as Gold Claims the Spotlight With Record Price Spike to $2,233 per Ounce
[Mar 30, 2024 7:34 AM] This week, the value of gold soared to an unprecedented peak, hitting $2,233 per troy ounce as of March 29. In contrast, silver has not exhibited the same level of brilliance, with its value standing at $24.97 per troy ounce, a significant 91%…
As Bitcoin Soars, Peter Schiff Offers Gold as the Prudent Alternative
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
[Mar 8, 2024 7:33 AM] So far in 2024, bitcoin's concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.
Robert Kiyosaki Expects Bitcoin to Hit $100K by June This Year
Robert Kiyosaki Expects Bitcoin to Take off — Foresees Gold Crashing Below $1,200
Robert Kiyosaki Predicts ‘End of the American Empire’ Similar to Roman Collapse
[Feb 10, 2024 7:00 PM] Rich Dad Poor Dad author Robert Kiyosaki has cautioned about the impending downfall of the American empire, drawing parallels to the decline of the Roman Empire. “The Roman Empire ended in the same way with massive gladiators entertaining…
Argentine President Javier Milei Rules out Dollarization Process in 2024
[Feb 8, 2024 3:30 PM] Javier Milei, the libertarian president of Argentina, has ruled out the possibility of applying his dollarization plan during 2024. In an interview with local media, Milei stated that while dollarization and the free convertibility of coins was the…
Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC
[Feb 4, 2024 7:34 PM] Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which…
Amid Rising ‘National Divorce’ Talks, Exploring the Potential Impact on US Dollar in Hypothetical Second Civil War
Argentina’s Milei Blasts Collectivism at Davos: ‘The West Is in Danger’
[Jan 18, 2024 7:30 AM] Javier Milei, the president of Argentina, blasted what he perceives to be the advance of collectivist ideas in Western society at the World Economic Forum (WEF) 2024 annual meeting at Davos, warning about the dangers these represent for the quality…
Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Buy Bitcoin
[Jan 14, 2024 8:30 PM] Rich Dad Poor Dad author Robert Kiyosaki has expressed concerns about the rapid rise in the U.S. national debt, which ballooned by a trillion dollars over a short period. The famous author then urged investors to buy bitcoin alongside gold and…
Donald Trump Warns of Stock Market Crash and Great Depression if He Doesn’t Win Presidential Election
[Jan 1, 2024 7:00 PM] Former U.S. President Donald Trump has warned that the U.S. could face a stock market crash worse than that of 1929 and a Great Depression if he doesn’t win the upcoming presidential election. He stressed that the U.S. economy is…
Peter Schiff Says ‘Big Surprise’ Awaits in 2024 — Warns of Crash, Recession, High Inflation Returning With Vengeance
2023 in Review: The Year’s Most Impactful Crypto News Stories and Economic Trends
[Dec 27, 2023 1:30 AM] 2023 proved to be an extraordinary year for bitcoin and the broader crypto economy, surging significantly in value once the dust settled from the FTX debacle and as major players such as Blackrock and Franklin Templeton lodged applications for spot…
Economist Jim Rickards’ ‘Tumultuous’ and ‘Shocking’ Predictions: Global Recession and a New Banking Crisis to Ensue in 2024
[Dec 20, 2023 2:00 AM] Jim Rickards, a famous economist and investment lawyer, has predicted a year of turmoil for global economies in 2024. According to Rickards, the U.S. Federal Reserve will be unable to pull off a soft landing scenario, prompting a global recession…
Treasury Secretary Janet Yellen Discusses US Economy, Recession Risk, Soft Landing
[Dec 14, 2023 5:00 PM] U.S. Treasury Secretary Janet Yellen believes that inflation has come down meaningfully but there’s still further to go for the Federal Reserve to achieve its 2% inflation target. She noted that the central bank has two risks to manage…
Don't get excited about Fed 'dovishness' — another rate hike is in the cards
[Dec 14, 2023 4:36 PM] Contrary to Jerome Powell's intimations, inflation is likely to rise in the months ahead. If the Fed does not hike rates in 2024, the problem will get worse.
US-China Rivalry Risks Cold War II, Warns IMF Official
[Dec 12, 2023 9:30 PM] The International Monetary Fund (IMF)’s first deputy managing director has warned of the risk of Cold War II. Noting that in the Cold War, it was the U.S. and the Soviet Union, the IMF official stressed that now it is the U.S. and China…
Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters
[Dec 11, 2023 3:28 AM] The Fed's benchmark interest-rate range is currently 5.25% to 5.5%.
JPMorgan CEO Jamie Dimon Warns of Higher Interest Rates and Recession — ‘I’m Not Trying to Scare People’
Robert Kiyosaki Warns of Giant Market Collapse, War, ‘Really Hard Times Ahead’ for Millions
[Dec 2, 2023 8:30 PM] Rich Dad Poor Dad author Robert Kiyosaki has issued more warnings about the U.S. economy, including a giant market collapse, a possible next Great Depression, and another war. The famous author emphasized that millions of people will face…
Economist Peter Schiff: US Dollar Near ‘Historic Crash’ — ‘Forget Soft Landing, It’s Crash and Burn’
Milei presidential victory fuels optimism in Argentina’s Bitcoin community
[Nov 23, 2023 7:49 AM] The election of new Argentine President Javier Milei has given many in the local Bitcoin community cause for hope.
Libertarian and Free Market Proponent Javier Milei Wins Argentine Presidency
[Nov 19, 2023 7:03 PM] 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, has expressed his…
JPMorgan CEO: Inflation May Be Stickier Than People Think, Fed May Raise Rates Further
[Nov 2, 2023 6:01 PM] The CEO of JPMorgan Chase, Jamie Dimon, has warned that inflation may be more persistent than many expect, and the government’s fiscal and monetary stimulus in the past several years has been greater than many realize. Dimon also expects more…