The Myth of Authority: Mnuchin Denies USD Is Used Criminally

The Myth of Authority: Mnuchin Denies USD Is Used Criminally By Graham Smith U.S. Treasury Secretary Steven Mnuchin has once again weighed in on Bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic incompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized…

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Deutsche Bank Collapse Could Crash Global Financial Markets

Deutsche Bank Collapse Could Crash Global Financial Markets By Avi Mizrahi German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global financial crisis. Deutsche Bank Struggles to Survive Deutsche Bank AG, the largest banking services group in Germany with well over a…

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In Major Threat To Dollar’s Reserve Status, Russia Offers To Join European SWIFT-Bypass

In Major Threat To Dollar’s Reserve Status, Russia Offers To Join European SWIFT-Bypass By Tyler Durden Three weeks after a meeting between the countries who signed the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), which was ditched by US, French, British and German officials said the trade mechanism which was proposed last summer – designed to circumvent both SWIFT as well as US sanctions banning trade with Iran – called Instex, is now operational. And while we wait for the White House to threaten Europe with…

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Universal Basic Income: The Nail in the Coffin!

Universal Basic Income: The Nail in the Coffin! We Bring You This Critical Alert, Contributed By CrushTheStreet.com and Their Editor, Kenneth Ameduri, Who I regard as an expert on investing in these critical times. As we are well aware of here at CrushTheStreet.com, governments are inherently self-destructive. Similar to someone gorging themselves to death or a snake eating its own tail is the sustainability of an ever increasing and ridiculously bloated government that are all historically destined to fail. Take a look at what happens to sectors when government gets its clumsy hands on it. Healthcare……

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The Dollar, Not Crypto, Is a National Security Issue

The Dollar, Not Crypto, Is a National Security Issue By Peter C. Earle U.S. Treasury Secretary Steve Mnuchin piled on to comments made recently by President Donald Trump by calling cryptocurrencies a “national security issue.” Bitcoin and crypto proponents more broadly have long wondered if (and how) the government of the United States would recognize the slow but steady encroachment of decentralized assets, and it appears to have begun. Facebook’s announcement of the Libra project on June 18, 2019, will likely prove the point on countless future historical timelines at…

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California Committee Approves Measure to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve

California Committee Approves Measure to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve By Michael Maharrey Last week, a second California Assembly committee unanimously passed a bill that would establish limited state-chartered banks to serve the cannabis industry. Final passage of this legislation would remove a major federal roadblock in front of the developing industry in the state and further nullify federal prohibition in practice. Sen. Bob Hertzberg, (D-Van Nuys), along with a bipartisan coalition of eight cosponsors, filed Senate Bill 51 (SB51) on Dec. 4.  The legislation would create a…

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HOUSTON, WE HAVE LIFT-OFF: Silver Holds Above $15.00!

HOUSTON, WE HAVE LIFT-OFF: Silver Holds Above $15.00! This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Tom Beck, who runs PortfolioWealthGlobal.com and we’re excited to share this one with you! Preview: Leaving The Nest I’ve spent hours listening to Jerome Powell’s testimony before Congress, which included some incredible revelations. For one, some members of Congress are so clueless that it hurts me to see them clogging the airwaves and even addressing Chairman Powell with issues that the FED has either…

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EMPTYING THE MAGAZINE: Trump Blasting At FED — Dollar VICTIMIZED!

EMPTYING THE MAGAZINE: Trump Blasting At FED — Dollar VICTIMIZED! We Bring You This Critical Alert, Contributed By WealthResearchGroup.com and Their Founder, Lior Gantz, Who I regard as an expert on investing in these critical times. There’s absolutely no doubt that the United States of America has dramatically changed from the country it was half a century ago. The transformation is so massive that once the evolution is completed in ten years from now, you will not recognize it at all. In the past decade, after nearly 8 million Americans lost their homes in…

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10 Big Steps Down the Road to Recession

10 Big Steps Down the Road to Recession By David Haggith First, a decline in manufacturing, and then a slump in service industries, now a broad-spectrum inversion of the yield curve hitting its most critical metric this week, unemployment finally starting to rise again, a one-year relentless housing decline across most of the nation and the world, carmageddon pressing car dealers to offer big incentives once again just to hold sales flat, shipping everywhere sinking rapidly, broadly deteriorating general business conditions, plus tariff troubles for the US throughout the world…

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Phony Economic Growth Stats Conceal Deep Problems on Main Street

Phony Economic Growth Stats Conceal Deep Problems on Main Street By Antony P. Mueller We live not only in a time of fake news but also in the era of fake economic growth. The performance of the economies of the industrialized countries since 2010 is a prominent case of deceptive economic growth. This economic recovery is not the result of a strengthening of the productive forces of the economy, but is due to a massive expansion of liquidity. Central banks created a monetary avalanche that has gone mainly into the…

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