The Banking Crisis
The current “banking crisis” is not over. Other banks here and abroad are under scrutiny. I would be surprised if there were not further closures. Here is a specific heads up. Moody’s rating service put 6 U.S. banks on review…
US Banking Regulators OK Crypto Service
Some of you may have heard about this, others not but I want to make sure that you are keeping abreast of changes that are occurring as the planet's currency undergoes the massive change from cash to digital money. I…
CRYPTO VS THE KREMLIN
Why should we not be surprised that a man who admired Joseph Stalin, and who said, "There is no such thing as a former KGB man,” would invade his neighbor displacing millions and killing thousands. https://en.wikipedia.org/wiki/Chekism Yes I know, Ukraine…
Crypto, the IMF, Ukraine, CIA and Putin
Towards the end of the second World War, in July of 1944, a conference was held at the Mount Washington Hotel in Brenton Woods, New Hampshire. It was attended by all of the allied powers, The purpose of the conference…
The Tax Man Cometh.
Yeah, you know, every April 15th. But there is new way to reduce your income taxes. And I wanted to be sure you have the information. Individual Retirement Accounts have been around for decades. Surely you have heard of IRAs…
THE CRYPTO SELL OFF AND WHAT’S BEHIND IT
The crypto market has fallen like a rock off a tall building in these early days of 2022. It was hit with a one/two punch that might have sent some other asset class to the showers. But with a market…
NFT Sales Continue To Boom
A press release of a couple of days ago announced Visa, the credit card behemoth, had just spent $150,000 to purchase one NFT, a crypto punk. Sales of NFT's in July totaled $1.2 billion, while sales for through the first…
Crypto is the Present and The Future of Financial Markets
The degree to which cryptocurrency and bitcoin in particular have become part of the current investment world as well as the broader society, has been nothing short of startling. For those of you that follow the circus in Washington D.C.…
World’s Leading Bank will be Replacing your Cash with Digital Currency. For real.
I have for some time spoken and written about the power and activities of the Bank for International Settlements. The Bank for International Settlement (BIS) is the senior financial institution on the planet. It is the top of the international…
HERE COMES LIBRA A REAL CRYPTOCURRENCY
It is finally happening. The original promise of digital currency – of electronic money that bypassed banks and governments - was first put forth by the enigmatic Satoshi Nakamoto in 2009. In that fateful year, Satoshi introduced Bitcoin, a global…