IRA
Boston Fed, MIT unveil model for electronic cash as policymakers mull whether to launch it
Some members of the Federal Reserve are continuing to explore the launch of its own digital dollar, as the Federal Reserve Bank of Boston on Thursday unveiled its first attempt at designing an electronic form of cash. The Boston bank’s research, conducted in a collaboration with the Massachusetts Institute of Technology, does not offer a recommendation…
Read MoreNews Bites There is ‘no limit’ to tyranny under CBDCs; Western democracy is a ‘façade’ – Zuby
According to the Atlantic Council’s CBDC Tracker, 105 countries are exploring adoption of a ‘Central Bank Digital Currency’ (CBDC), a digital money that a central bank would control. The United States, for example, is considering a ‘FedCoin’ CBDC. Author, rapper, and public speaker Zuby is against the idea. “This is a very dangerous technology,” he…
Read MoreDetermining How Today’s Inflation Impacts Your Retirement Ongoing Needs Tomorrow
With prices rising at a record rate, many retirees or people planning to retire soon may be increasingly worried about what sort of lifestyle they can afford. The good news is that the headline inflation number of 9.1% from the Bureau of Labor Statistics represents an average rise in consumer prices. Your own inflation rate may be different…
Read MoreThe stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says
Paul Singer, the hedge-fund billionaire behind Elliott Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of such a grim outlook? Load up on gold, perhaps. After all, according to a report this week from the Financial…
Read MoreGold prices will nearly double to a record $3,000 as central banks fuel ‘financial repression,’ Bank of America says
Gold will rally 80% over the next 18 months as central-bank stimulus and economic turmoil drive record interest, Bank of America analysts forecast in a Monday note. Monetary authorities are spending trillions of dollars to keep economies above water. The widespread spending will place incredible pressure on currencies, pushing investors to gold and its scarcity, the bank’s analysts…
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