Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year

Report: Market Valuation of 14 Banking Giants Shed $635 Billion This YearThe world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by […]

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Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-TopAccording to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for […]

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Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December

Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by DecemberThis past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data […]

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US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT

US Federal Reserve Reveals Building a Digital Dollar Codebase With MITThe U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a […]

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Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low

Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year LowCentral banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year. Meanwhile, bank indexes show that financial institutions […]

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US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’

US Turmoil and Negative Interest Rates - Billionaire Michael Novogratz Says 'Watch Gold and Bitcoin'For the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with leveraging QE on a regular basis. Furthermore, the Fed is planning on utilizing negative interest rates in the near future, according to a number of […]

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Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance

The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American citizens could be responsible for 98% of […]

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