Contrarian. First published on Tue 24 Mar 2020 07.11 EDT. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Tumblr (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Reddit (Opens in new window), ECB Trademarks “Digital Euro” As It Begins Experiments On Digital Currency Launch, 16 Glaring Parallels Between the 9/11 and COVID Ops, University of California Sued For Making Flu Shot Mandatory, Russiagate, The Sequel: Democrats Resurrect ‘Russia Bogeyman’ Ruse to Cover Joe and Hunter Biden’s Foreign Misconduct. But blogger Robert Wenzel warns the risks of the Federal Reserve issuing its own cyber currency may run even deeper than that. What Powell is basically saying is that there is only so much that a central bank can do in an uncertain environment like this, where so much demand has been destroyed. Please log in using one of these methods to post your comment: You are commenting using your WordPress.com account. In the rare instance a store accepts Bitcoin, the same would be true. Activity in Japan’s service sector also dropped by the most since its PMI records began. By Peter Reagan Remember, they stopped minting coins this summer. .authImage{float:left;margin-right:10px;height:60px;}.artPgByline,.artPgDate{display:block;margin:0 0 3px 0 !important;float:left;width:330px;}span.artPgByline:first-of-type {margin-top: 5px !important;}.cta_brand{display:none !important;}.an-summary{display:none !important;}.an-special{display:none !important;}div#nmWidgetInstream-text div.nmWidgetInstream-post {margin:0 !important;}div#nmWidgetInstream-text div.nmWidgetInstream-post a {text-decoration:underline !important;}div#nmWidgetInstream-text div.nmWidgetInstream-post a.nmTitle{padding:0;}div#dfp2 {left:-10px;}.DFPInArticleNMX a {font-size:16px;text-decoration:underline;}#mainArticleDiv p:last-child {font-size: 15px;line-height: 20px;}#mainArticleDiv p:last-child > a {font-size: inherit;font-weight: bold !important;} Peter Reagan is a financial market strategist at Birch Gold Group. This money was pumped into the economy by buying bonds from financial institutions. The rally on US and European markets followed gains in Asia overnight in the wake of the US central bank’s move on Monday to launch an unlimited money-printing programme. Of course, there is risk, according to Federal Reserve Governor Lael Brainard. The Orwellian doublethink is strong with this one.”, Seeker of rabbit holes. In a potential prelude to a deep recession around the world, Germany and France also plunged to record lows. The Fed prints money (or actually creates it digitally) and then uses that money to buy bonds. “I’ve talked about the money issue, the push for a cashless […] According to the report, "Dozens of central banks globally are also doing such work," including China. During the holidays, members often request newly printed bills to give as gifts, unfortunately, this holiday season newly printed bills will … Sounds reasonable, if taken at face value.
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