High inflation will stay persistent unless people accept that they are poorer, a senior UK central bank official has said. The UK’s Consumer Prices Index inflation fell slightly to 10.1 percent in March from 10.4 percent in February, but remained in the double digits, according to the Office of National Statistics (ONS). Huw Pill, chief…
Head of German Central Bank Sees No Recession on Horizon for Europe
Deutsche Bundesbank President Joachim Nagel said he does not believe the European Union will experience a recession in 2023, arguing that the latter half of the year is showing promising signs of recovery. Speaking at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group on Thursday, the central banker highlighted…
Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems: Analysis
April 5, 2023
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Business & MarketsCentral Bankdigital currencyeconomic policieseconomyPolicies & ImpactsTechTech NewsUS
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Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which stressed that a U.S. CBDC will threaten citizens’ “core freedoms” from financial privacy to personal liberty. Even though there are no valid reasons for the U.S. government to…
Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems: Think Tank
April 5, 2023
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Business & MarketsCentral Bankdigital currencyeconomic policieseconomyPolicies & ImpactsTechTech NewsUS
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Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which stressed that a U.S. CBDC will threaten citizens’ “core freedoms” from financial privacy to personal liberty. Even though there are no valid reasons for the U.S. government to…
Most Canadians Think Feds’ High Spending Hampers Central Bank’s Inflation Fight: Survey
Most Canadians hold the view that high spending by the federal government is what hinders the nation’s central bank from taming inflation, according to a survey by the Bank of Canada (BoC). Released on April 3, the report, titled “Canadian Survey of Consumer Expectations—First Quarter of 2023,” also indicated that nearly one-third of Canadians believe…
China Added to Its Money Supply in 2022
News Analysis China has reportedly added trillions of yuan to the money supply in 2022, the most in its history and equivalent to the combined amount from the United States, Japan, and the European Union. However, the move may have no way to boost the Chinese economy, given a sluggish trend in GDP and a…
Central Bank Digital Currency Tyranny Is Coming–How to Prepare
Commentary We’ve all heard stories about people who survived the Great Depression by hiding cash under their mattresses or burying it in their yards because they’d lost trust in banks. Imagine taking it a step further and taking money from the flawed banking system and putting it into the untrustworthy hands of the government. That’s…
[PREMIERING NOW] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
December 22, 2022
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The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
December 22, 2022
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AMERICACentral BankcontrolCrossroadsdigital currencydigital dollarEpochTVFeatured TopicsFederal ReservefinancialGovernmentsLive VideosPolicies & ImpactsUSUS NewsVideo
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The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
[Premiering 10:30 AM ET] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
December 22, 2022
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AMERICACentral BankcontrolCrossroadsdigital currencydigital dollarEpochTVFeatured TopicsFederal ReservefinancialGovernmentsLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment
The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
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