Global Economic Outlook: Ban Cash, Hoard Cash
While think-tanks and central banks increase calls to minimize the amount of physical cash in circulation, many citizens are doing the opposite and stuffing cash under the mattress. We consider this trend and the developing downtrend in the benchmark S&P500 Index. Contrary to the sense of many anti-establishmentarians and critics of fiat, a tendency toward cash hoarding is becoming apparent in various regions of the globe. Why are people doing this, and why are the captains of finance opposing the phenomenon? Lawrence Summers, former economic adviser to President Obama and Treasury....
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Our society is evolving into a cashless economic infrastructure. Several European countries are trying to discourage people from using cash in order to pay for goods and services. That seems only normal, as cash transactions are a hassle when dealing with change amounts. The list of downsides when dealing with cash transactions is rather lengthy, and if Danish government has any say in the matter, Denmark will become completely cash-free in the near future. Cash Offers More Disadvantages Compared to any Other Payment Option. It is hard to imagine that cash will no longer be a part of daily....
It is almost eerie how just as Bitcoin and the world of digital currency are developing steam through mainstream adoption worldwide that economic instruments of cash are increasingly under siege nation after nation. Bitcoin’s innovative blockchain technology may be bringing the world an unintended consequence of a loss of freedom and privacy as the financial world is getting in position to phase out cash in favor of a new digital economic system. Haven’t we met the “black economy” somewhere before? Australia is poised to pick up the baton when it comes to the global cash banning movement.....
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.”
IMF Says Global Economic Outlook ‘Has Darkened Significantly’
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday.
Commenting on the global economy, the IMF....
For quite some time now, bitcoin cash users have been leveraging the web portal read.cash in order to write blog posts, connect with like-minded individuals, and earn bitcoin cash for providing popular content. Now the creators of read.cash have introduced another application called noise.cash, which is similar to the parent platform, but allows people to make noise using much shorter messages. Microblogging and Bitcoin Cash Tipping Bitcoin cash (BCH) supporters have been recently introduced to a new platform created by the read.cash creators. News.Bitcoin.com has reported on the....
It's back to the the New Normal following last week's global market black swan, with the only remaining vestages of that glitch in the matrix being elevated levels of investor fear. OPEC expresses concern about the state of its oily cash cow and the Reserve Bank of Australia discovers that the dark cloud of deterioration in China has a silver lining. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 31 August. New Zealand ANZ Business Confidence (actual:....