"The introduction of a CBDC would represent a highly significant innovation in American money," says The Fed in its much-anticipated report on the possible issuance of a U.S. digital currency.
The Federal Reserve is taking the next step in weighing whether to launch a U.S. digital currency, issuing a report Thursday that explores the potential benefits and drawbacks of such a move without indicating where it will land.
Price controls have been used by totalitarian regimes throughout history. They've never worked. So why are we talking about using them again?
The tightrope is thin, and the consequences of falling off to one side or the other are severe...
One wonders what kind of "technical difficulty" there could be? Haven't they had enough practice at this by now?
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.
Wall Street has officially jumped the shark: with the economy set to slow this year - even as supply-driven inflation refuses to relent - consensus now expects 3-4 rate hikes this year (with Jamie Dimon predicting as many as "6 or 7") - some are goin
I don't think I can overstate the danger that the U.S. economy is in right now as we enter 2022. While most people are caught up in the ongoing drama of Covid-19, a REAL threat looms over the nation in the form of a stagflationary tidal wave.
December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called it an inflationary freight train that the Fed's "field of dreams" monetary policy will not stop.
US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November's 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM.
This is an interview with Andy Schectman, President & Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales.
upside pain anyone…?
Less discuss Ponzi scheme and the biggest one that hardly anyone sees.
Fresh off his appearance at Monday morning's JP Morgan Health Care Conference, JP Morgan CEO Jamie Dimon appeared on CNBC (opposite Bertha Coombs) for an early afternoon interview as the Nasdaq entered correction territory amid a broader market rout.