During his first presidency, Donald Trump expressed admiration for the gold standard, and with his return to the White House, this monetary policy has resurfaced in public discourse. The gold standard would link the U.S. dollar’s value directly to gold, potentially changing how our economy functions. Trump could bring back a version of the gold […]
Gold prices have surged past $2,700 per ounce, sparking renewed interest in potential U.S. Treasury policy changes. A U.S. gold revaluation could unlock up to $700 billion in new Treasury funding while triggering a significant rally across precious metals markets. The Treasury’s gold revaluation account at the Federal Reserve represents a powerful tool that could […]
Economic uncertainties have led to a growing interest in identifying which banks might be at risk of failing. A mix of higher interest rates and challenges in commercial real estate has put pressure on numerous banks across the United States. With 63 banks currently on the FDIC Problem Bank List, this situation highlights the vulnerability […]
For the past year, money supply growth in the United States has been consistently negative, marking a notable shift from the high growth rates seen in previous years. As of October 2023, the year-over-year (YoY) decline in money supply was –9.33%, slightly improved from September’s –10.49%, but still significantly lower than October 2022’s positive rate […]
Money has shaped human civilization for thousands of years, serving as a medium of exchange, a unit of account, and a store of value. From early barter systems to today’s digital currency, the history of money is a fascinating journey through human ingenuity and economic innovation. Understanding this timeline allows us to appreciate the practical implications of money in society.
Project mBridge is a cutting-edge initiative that enables real-time, peer-to-peer, cross-border payments using Central Bank Digital Currencies (CBDCs). This ambitious project is the result of collaboration among several key financial authorities, including the Bank of Thailand, the Central Bank of the United Arab Emirates, and the Digital Currency Institute of the People’s Bank of China. The goal of Project mBridge is to streamline international trade and enhance the efficiency of cross-border transactions.
Global de-dollarization refers to the gradual movement away from the predominance of the U.S. dollar in the international financial system. Traditionally, the dollar has held a central position as the world’s reserve currency, facilitating global trade and investment due to its perceived stability and ubiquity. This privileged status has granted the United States numerous economic advantages, including lower borrowing costs and the ability to influence global monetary policy.
You’ve probably heard of the United States Debt Clock, that ever-increasing number ticking away, representing the national debt. But what exactly is it, and why should you care? Let’s dive deep into this topic and unravel the mysteries behind this digital timepiece and its implications on inflation. Understanding the Debt Clock First things first, the […]
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