Category: Finance

Economics by GeoPolitic.orgJun 15, 20226:46 pm

MICROSTRATEGY CEO SHEDS MARGIN CALL WOES AS BITCOIN NEARS $21,000

Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.” MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and risks getting margin […]

Americas by GeoPolitic.orgJun 14, 20222:14 am

Five U.S. Megabanks Have Lost $300 Billion in Market Cap in One Year; Crypto Is in Meltdown this Morning; and the Fed Will Hike Rates Further on Wednesday

Welcome to Monday morning and market hell. As of 8:47 a.m. (ET) this morning, Dow futures are down 553 points; Bitcoin futures have lost 17 percent of their value on the news that cryptocurrency lender, Celsius Network, […]

Americas by GeoPolitic.orgJun 10, 20221:34 am

How Money Printing Destroyed Argentina and Can Destroy Others

The most dangerous words in monetary policy and economics are “this time is different.” The big mistake of politicians in Argentina is to believe that inflation is multicausal and that everything is solved with increasing […]

Americas by GeoPolitic.orgJun 9, 20226:39 pm

Kim Dotcom Breaks Down the True Scale of US Government Debt

New Zealand tech CEO, Kim Dotcom did the math on the United States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make. Kim explains that […]

Americas by GeoPolitic.orgJun 5, 202211:03 pm

Inflation Will Price Many Americans Out Of Housing And Into Homelessness

One of the most detrimental aspects of an inflationary or stagflationary crisis is that, in most cases, housing costs tend to rise while home sales fall. It might seem counterintuitive; one would assume that as […]

Americas by GeoPolitic.orgJun 5, 202210:57 pm

How Inflation Destroys Civilization… and What You Can Do About It

Thanks to rampant inflation, socialism could soon become irreversibly entrenched in the US—just as it is in Argentina, Venezuela, and other countries. Rapidly rising food, housing, medical, and tuition prices are squeezing Americans—many of whom […]

Economics by GeoPolitic.orgJun 1, 20222:21 am

Credit Unions and Banking Groups Warn of “Devastating Consequences” of a U.S Central Bank Digital Currency

Credit union and banking trade groups have released a joint letter to the chair and ranking member of the House Financial Services Committee, warning of “devastating consequences” if the Federal Reserve moves forward with a […]

Economics by GeoPolitic.orgMay 29, 202212:24 pm

When A Dollar Isn’t a Dollar

One thing that banks do is allow you to take physical currency and deposit it into an account you have with them. You hand them a $100 bill and the bank credits your account $100. […]

Eurasia by GeoPolitic.orgMay 28, 20229:38 pm

Russia considers allowing cryptocurrency for international payments as sanctions over Ukraine bite

Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official saying on Friday. “The idea of using digital currencies in transactions for international settlements is being actively […]

Economics by GeoPolitic.orgMay 28, 20229:35 pm

Mapped: The 10 Largest Gold Mines in the World, by Production

Gold mining is a global business, with hundreds of mining companies digging for the precious metal in dozens of countries. But where exactly are the largest gold mines in the world? The above infographic uses […]