Financial Markets and Money Warfare... The end of the fiat dollar and reserve currency status?
19: Banks under investigation...
The Era of All-Powerful Central Banks Is Over... The era of all-powerful central banks is over for a simple reason: they failed: they failed their citizens, their nations, and they failed the world. Their policies have pushed wealth and income inequality to extremes that have destabilized the planet's social, political, economic and environmental spheres.
Exclusive: Morgan Stanley to start layoffs in coming weeks as dealmaking slows... Wall Street major Morgan Stanley (MS.N) is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to rising inflation and an economic downturn.
Credit Suisse warns of potential profitability drop... Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday.
Mystery Whales Baffle Gold Market After Central Bank Purchases... A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers.
JPMorgan executes its first DeFi trade using public blockchain... JPMorgan Chase executed its first live trade on a public blockchain, a significant step toward integrating with the plumbing underlying the world of cryptocurrencies.
Bill Hinman and Jay Clayton Start Supporting Ripple Inadvertently... Eleanor Terrett, a journalist, recently tweeted that the former Director of the SEC Division of Corporation Finance Bill Hinman, and former SEC chairman Jay Clayton are inadvertently supporting Ripple Labs.
Now 11 Entities Back Ripple With An Amicus Brief Vs. The SEC... The amount of supporters for Ripple Labs in its legal battle with the U.S. Securities and Exchange Commission (SEC) keeps growing.
Gold Is Best Place To Be, S&P The Worst As Fed Hikes... Gold is the most resilient asset to own if the Federal Reserve continues to raise rates, while stocks are the worst place to be, with non-dollar currencies falling between the two.
The BRICS nations announced plans to launch a new reserve currency for trade. The BRICS alliance indicated it would be a basket currency. What does that mean? How does a basket currency work? 🧵A speculative thread on the upcoming BRICS reserve currency.
Currency basket... A currency basket is a portfolio of selected currencies with different weightings.[1] A currency basket is commonly used by investors to minimize the risk of currency fluctuations[2] and also governments when setting the market value of a country’s currency.[
Bedeviled by high inflation, Federal Reserve hikes interest rate by 0.75% again... Battling inflation that remains at four-decade highs, the Federal Reserve said Wednesday it hiked its key interest rate by another 0.75%.
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse... Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens.
Swiss National Bank loses nearly $143 billion in first nine months... The Swiss National Bank (SNBN.S) lost 142.2 billion Swiss francs ($142.60 billion) in the first nine months of 2022, it said on Monday, as rising interest rates and the stronger Swiss franc slashed the value of the central bank's foreign investments.
SEC to Submit Amicus Brief in Support of Ripple in XRP Case... Employing the tactic “if you can’t beat ’em, join ’em,” the U.S. Securities and Exchange Commission (SEC) announced their intent to submit an Amicus brief in favor of Ripple in their XRP lawsuit against the blockchain payments company in district court Monday.
Coinbase Files to Support Ripple Against SEC Case... Crypto exchange Coinbase has petitioned a federal court for permission to file a friend of the court ("amicus") brief in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs.
Japan is done. Just a matter of time now
“In The Future, Ten XRP Will Be Equal To $10M,” States E.Smitty... Eric Finnerud, who goes by the pseudonym E.Smitty, a US record producer, and an XRP enthusiast predicted that XRP could hit 1 million in the future. According to the Twitter post he shared, he states that XRP will be the first multimillion-dollar token.
$2 QUADRILLION DEBT PRECARIOUSLY RESTING ON $2 TRILLION GOLD... A Lehman squared moment is approaching with Swiss banks and UK pension funds under severe pressure.
19 Attorneys General Announce Investigation into Six Wall Street Firms over ESG Investing... Nineteen Republican attorneys general announced an investigation into six Wall Street firms regarding their involvement with the United Nations Net-Zero Banking Alliance.
Top US Banks Under Investigation Over ESG And Climate Action... A coalition of 19 state attorneys general from across the country launched a formal investigation into six major U.S. banks last week citing legal concerns about banks’ “ESG” investing and their involvement with a United Nations alliance fighting CO2 emissions.
19 Attorneys General Announce Investigation into Six Wall Street Firms over ESG Investing... Nineteen Republican attorneys general announced an investigation into six Wall Street firms regarding their involvement with the United Nations Net-Zero Banking Alliance.
BANKS - Now working with governments to prepare for CBDC’s, almost all are now promoting personal Carbon trackers. When your government issued carbon allowance runs out, this could be used to restrict your purchases & movements. It’s what they are working on. NatWest
Ex-CIA Insider: ‘Biden Just Signed the U.S. Dollar’s Death Warrant’... “The U.S. dollar as we know it is doomed,” he says. “President Biden signed the death warrant himself on March 9th with Executive Order 14067.” According to Jim, buried inside this little-known federal order is specific language that could lead not only to legal government surveillance of all U.S. citizens… But also total control over your bank accounts and purchases. “This is a pretty sinister move by the President, to tell you the truth,” he says. “And I bet 99 percent of Americans have no idea about it.
Ensuring Responsible Development of Digital Assets... Advances in digital and distributed ledger technology for financial services have led to dramatic growth in markets for digital assets, with profound implications for the protection of consumers, investors, and businesses, including data privacy and security; financial stability and systemic risk; crime; national security; the ability to exercise human rights; financial inclusion and equity; and energy demand and climate change.
Credit Suisse Resets With a Retreat From Wall Street... Credit Suisse Group AG CS -19.62%decrease; red down pointing triangle plans to cut thousands of jobs and raise around $4 billion in fresh capital as it funds a retreat from Wall Street deal making and trading and attempts to recover from a near-existential crisis.