Afghanistan’s Economic Crisis: ‘No One Has Money’ Says Afghani Banker After U...
The troubles in Afghanistan rage on after the U.S. government spent 20 years and trillions of dollars on a conflict that was never resolved. The U.S. government, Federal Reserve, and allied partners have seized the central bank of Afghanistan’s assets and as time passes, the country’s citizens have run out of money. Regional reports show that “no one has money” after the U.S. seizure and under the current Taliban rule. Afghani Citizens Can’t Afford Daily Expenses as Money Runs Dry Years ago U.S. president George W. Bush initiated a war and occupation in....
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In the latest episode of Bitcoin Magazine's Fed Watch podcast, macro economic pundit Lyn Alden discusses economic crisis analysis. The post Video: Fed Watch — Economic Crisis Analysis With Lyn Alden appeared first on Bitcoin Magazine.
Afghans will leverage crypto assets as a store of value and to preserve financial privacy amid the Taliban’s dramatic insurgence, predicts Charles Hoskinson. However, he also believes the Taliban will embrace digital assets too. In a Sept. 1 interview with CNBC, Hoskinson, also a co-founder of Ethereum expressed his expectation that “cryptocurrencies will play a larger role in Afghanistan [...] in the war for and against the Taliban forces." Hoskinson highlighted the need for financial privacy-preserving technologies in Afghanistan, stating:Cardano founder Charles Hoskinson believes that....
The global financial ecosystem has been very brittle even before the previous financial crisis hit. While some countries are showing signs of recovery,the Brexit will force projections to be recalculated. Although people may want to deny the truth, we are on the brink of another economic crisis. A new global crisis appears to be imminent, and there is no solution to avoid the inevitable. Investors and individuals should start looking for alternative financial solutions sooner rather than later. Returning to the gold standard is being considered as well, albeit it is doubtful this will....