What China’s Alarming Financial Crisis And A Strengthening US Dollar Means Fo...
China’s banks face insolvency risks with widespread mortgage boycotts. The U.S. dollar is strengthening and bringing bitcoin down in the process.“Fed Watch” is a macro podcast with a true and rebellious bitcoin nature. In each episode we question mainstream and Bitcoin narratives by examining current events from across the globe, with an emphasis on central banks and currencies.Listen To The Episode Here: AppleSpotifyGoogleLibsynOvercastIn this episode, Christian Keroles and I catch up on the week, go through an update on the evolving Chinese financial crisis, talk about why fiat money....
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Bitcoin decoupled with the stock market and saw its correlation with gold rise to a level not seen since last year. Bitcoin (BTC) and gold are no longer investors’ primary choices as inflation hedges amid the strengthening United States dollars. The current turmoil in financial markets added to the geopolitical tensions has run havoc on the majority of the assets that investors prefer to invest in during times of financial crisis.Bitcoin has lost nearly 70% of its market cap since the market top last year while gold, which strengthened its position in the first quarter of the year despite....
China has the world’s largest market for digital shopping, mobile payments and Internet-enabled financial services. Close to 400 mln people in China conduct most of their payments using their smartphones. China’s overall business in information technology is a market of well above $300 bln, and it is estimated that more than 700 mln Chinese have access to the Internet. So any law impacting the online space - cybersecurity included - will make ripples in the way China does business. That’s why its new cybersecurity law - due to take effect in June of next year - is particularly alarming. It....
According to the Bank for International Settlements’ credit-to-GDP gap, China could be dangerously close to a banking crisis that could threaten the future growth of the entire economy. Is China’s Debt-driven Economy on an Unsustainable Path? The Bank for International Settlements (BIS), a widely-respected financial watchdog, has reported that China’s....
Over the past few years, banks have destroyed the precarious trust relation they had established with their customer base. Ever since the latest financial crisis hit in 2008, banks have been facing a lot of scrutiny from the general population and government officials alike. The latest anti-corruption campaign in Beijing has claimed three more victims, one of whom is the president of one of China’s largest banks. Company executives and government officials have been targeted by China’s massive anti-corruption probe since 2013 when President Xi Jinping was put in charge. Over the course of....
Legendary investor Stanley Druckenmiller gave an interview to CNBC’s Squawk Box strengthening the theory of Bitcoin as a store of value. Druckenmiller talked about the possibility of the U.S. dollar losing its status as a reserve asset and the rise of BTC and cryptocurrencies to solve a problem accelerated by the current economic crisis and […]