Bitcoin And Making Sense Of The European Crisis
As the European energy crisis peaks, the larger implications for the world economy and bitcoin are becoming apparent.“Fed Watch” is a macroeconomic podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macroeconomics from across the globe, with an emphasis on central banks and currencies.In this episode, CK and I examined the current state of the bitcoin market, the state of panic in Europe including some myths about the EU/Russia conflict, and finally read through an article about how China is really a....
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With the current macroeconomic crisis unfolding and many European countries at risk of debt defaults, bitcoin enters the ring as a neutral reserve asset.
The European Banking Authority (EBA) published today the results of the 2014 European Union (EU)-wide stress test of 123 banks. The health check was carried out on 123 European banks by the EBA to determine whether they could withstand another financial crisis. The results: over the three-year horizon of the exercise, 24 banks would fail the stress test - in other words, they could not withstand another financial crisis. 14 of these banks are in the Eurozone. The list of 14 includes four Italian banks, two Greek banks, two Belgian banks and two Slovenian banks. Nine Italian banks have....
A PROMINENT former adviser to the President of the European Commission has described the EU’s treatment of Ireland throughout the financial crisis as “outrageous.” Philippe Legrain – an academic, headhunted by European Commission president, Manuel Barroso, in 2011 to advise him on economic strategy – gave a highly damning condemnation of what he described as “bullying” by the European Union. The same European Union that is now imposing negative interest rates. Legrain, who quit his job as special adviser to the European Commission, earlier this year has just released a book describing and....
The recent refugee crisis has led many to question the European nations and the role they play within the agreed upon “union.” It would seem that when a time of crisis has come upon such nations, the role they have to play is somewhat questionable and nonparallel to their agreed responsibility as a unified network. European Commission President Jean-Claude Juncker made a comment that highlighted this directly, as he was giving his speech to the European parliament that was addressed by BBC. He opened his speech by admitting the European Union was “not in a good situation. There is a lack....
The Bitcoin price has stabilized on news of Britain leaving the European Union in a historically unprecedented move. The currency, which had corrected after a considerable price increase in recent weeks, has settled around the $650 range as global markets react to the news. If you recall the currency crisis in Cyprus, you might agree Bitcoin tends to thrive in moments of economic crisis such as Brexit. The 2013 Cypriot Financial Crisis and bailout led to a flurry of press coverage regarding Bitcoin. Similarly, during the Greek Debt Crisis, the media embraced the narrative that Bitcoin was....