financial system

Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted

November 4, 2019
Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department’s prosecutor for the infamous Silk Road case —- says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes to crypto. In the traditional financial sector today, “99.9% of all money laundering

Philippines Implement New Regulations for its Cryptocurrency Industry

February 5, 2019
Crypto-friendly Philippines now has a new set of comprehensive regulations tagged as the digital Asset Token Offering (DATO) regulations. The guidelines were formulated and approved by the Cagayan Economic Zone Authority (CEZA), to sanitize the space and protect consumers against fraud, according to a Vietnam News report on February 4, 2019. CEZA Approves Crypto Laws

The Federal Reserve seems quite serious about tapering – So what comes next?

April 1, 2014
2014.04.01 Will this be the year when the Fed’s quantitative easing program finally ends? For a long time, many analysts were proclaiming that the Fed would never taper. But then it started happening. Then a lot of them started talking about how “the untaper” was right around the corner. That hasn’t happened either. It looks

The Federal Reserve is monetizing a staggering amount of U.S. government debt

February 17, 2014
2014.02.17 The Federal Reserve is creating hundreds of billions of dollars out of thin air and using that money to buy U.S. government debt and mortgage-backed securities and take them out of circulation. Since the middle of 2008, these purchases have caused the Fed’s balance sheet to balloon from under a trillion dollars to nearly

Top 1% has 65 times more wealth than the bottom half and the global elite like it that way

February 13, 2014
2014.02.13 Did you know that the 85 richest people in the world have about as much wealth as the poorest 50% of the entire global population does? In other words, 85 extremely wealthy individuals have about as much wealth as the poorest 3,500,000,000 do. This shocking statistic comes from a new report on global poverty by

Are we on the verge of a massive emerging markets currency collapse?

February 5, 2014
2014.02.05 This time, the Federal Reserve has created a truly global problem. A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets. But now that the Fed has decided to begin “the taper”, investors see it as a sign to

Inflation is already here… But it’s being masked

January 16, 2014
2014.01.16 Since 2007, the world’s Central Banks have collectively put more than $10 trillion into the financial system since 2008. To put that number into perspective, it’s equal to roughly 15% of global GDP. This kind of money printing is literally unheard of in modern history. And it has set the stage for a roaring