Category: Federal Reserve
CBDC Failed: Congress Is Banning CBDC With Massive Support
Related:
Dueling Digital Dollar Bills Debated in Congressional Hearing on U.S. CBDC
Will Citizens’ Distrust of Government Surveillance Stop CBDCs?
But the eNaira launch came nine months after the CBN effectively banned cryptocurrencies, which were used to fund anti-police brutality protests that swept the country in late 2020. The CBN claimed crypto jeopardized the financial system and could be used to fund terrorism and froze protestors’ bank accounts.
Citi launches blockchain-based token services for cash management and trade finance
Citigroup, the American multinational investment bank and financial services corporation, has become the latest firm to wade into the blockchain waters as Citi Treasury and Trade Solutions (TTS) has announced the creation and pilot testing of the Citi Token Services for cash management and trade finance.
Citi launches blockchain-based token services for cash management and trade finance
Crude Inventories Decreased By 6.3 Million Barrels
The EIA report showed that U.S. was buying oil for the Strategic Petroleum Reserve despite rising oil prices.
Crude Inventories Decreased By 6.3 Million Barrels
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
The US economy isn’t in the clear just yet because of the triple threat posed by rising oil prices, the dollar, and the Federal Reserve, according to Bank of America.
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
Evil offer to Taliban
Over the last few weeks, a flurry of diplomatic efforts in the West Asia region brought the Taliban to the fore. Last week, the Iranian foreign minister, Hossein Amir Abdollahian, traveled to neighboring Pakistan at the head of a large delegation. During the visit, many security issues were discussed, with the situation in Afghanistan seeming to be one of them. This is evident from the fact that Hassan Kazemi Qomi, Iran’s presidential envoy for Afghanistan, accompanied the foreign minister during the three-day visit.
Evil offer to Taliban
Related:
Taliban, US hold first official talks since Afghanistan takeover
Taliban Prepare Suicide Bombers in Water Dispute With Iran
Taliban rejects Iran claim leaders of ISIL sent to Afghanistan
Why might Africa want France gone? + ECOWAS Activates Standby Force for Potential Niger Intervention
Let’s continue to follow the post-coup situation in Niger. We had Victoria Nuland travel to Niger, presumably to help organize the overthrow of the government since 1- that’s usually what a visit from Nuland portends and 2 – a “rebel movement” called the Council of Resistance for the Republic under the leadership of someone named Rhissa Ag Boula started just after her visit. If there is going to be a Western war over this coup, it is likely that Nigeria – the giant country in West Africa with 224M people, much bigger than all other countries in the region combined – will be a part of the intervention, as would France and presumably the US. Other countries of the region are lining up on one or the other side, with Burkina Faso, Mali, and Algeria all lining up with the post-coup Niger government, so we are in a scary situation.
Why might Africa want France gone?
Related:
ECOWAS Activates Standby Force for Potential Niger Intervention
Bidenomics is an insult to millions of voters living paycheck to paycheck
Bidenomics is gaining no voter traction. To understand why, step back from all the technical economic indicators and look at economic life for key voters — the majority is falling farther and farther behind, faster and faster than ever.
Bidenomics is an insult to millions of voters living paycheck to paycheck
Yellen secretly yells for China’s help
By Herman Tiu Laurel
The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.
Yellen secretly yells for China’s help
Related:
The Big Names That Got Backstop for Billions in Uninsured SVB Deposits
(Bloomberg) — When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic blow to a sector that relied heavily on the lender.
Big VC, Tech Got Backstop for Billions in Uninsured SVB Deposits (archived)
Ms. Cat’s Chronicles 
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