Why ‘Inflation Is Transitory’ Can’t Be True

Powell Destroys Credibility

This article was originally published by Austin Litman on Proofofwork.ca What happened to “inflation is transitory”? Why were we told that inflation wasn’t going to last? Because they were able to get away with it and wanted to keep the population calm. The average Joe doesn’t know how inflation works, so the Fed can say […]

Why The ‘Jacquerie Rebellion’ Scares French Bankers To Death

The Jacquerie Rebellion

This article was originally published by Austin Litman on Proofofwork.ca During the 1300s, England and France did not get along. There were hundreds of years of war, and some called it “The Hundred Years War.” The elites were getting arrogant and did not view peasants as people anymore. Peasants were being forced to defend against […]

How To Protect Your Wealth During Record High 10.1% Inflation

Dominik Frisby Bitcoin

This article was originally published by Dominic Frisby on MoneyWeek Inflation in the UK has just hit 10.1%, says the Office for National Statistics.  That is five times the Bank of England’s stated target of 2%.  FIVE TIMES!  Sorry to shout.  The joy of the public sector is that you can be this bad at […]

European Commission Wants 50 EUR Transaction Limit For Digital Euro

lagarde inflation ppi

Individual users may see low transaction and storage thresholds for the digital euro, the European Union’s potential central bank digital currency. The European Union’s central bank digital currency (CBDC) may have transaction and store-of-value limits for individuals, according to Fabio Panetta, an executive board member of the European Central Bank (ECB), at the European Commission’s […]

Nigerians Want Bitcoin, Not eNaira

Nigerians want Bitcoin

A year after Nigeria launched its CBDC shitcoin, only less than 0.5% of Nigerians are using it according to a Bloomberg report. The Government of Nigeria launched its Central Bank Digital Currency (CBDC) dubbed the eNaira in 2021. One year later, the results are in. At only a 0.5% adoption rate, the eNaira is failing. […]

Can China’s Digital Yuan Outperform The U.S. Dollar?

china digital yuan vs dollar

China recently conducted tests of cross-border transactions with its new digital yuan. The dry test consisted of more than 160 payments totaling more than $22 million moved. 50,000 participants where randomly selected from countries included Hong Kong, Thailand, and the United Arab Emirates, in addition to China itself. This comes at a time when the […]

Bitcoin Up As $3.3T Leave Stock Market Amid Fiat Currency Slump

market crash bitcoin up

by Arun Shrivastav $3.3 trillion USD have been wiped out of the U.S. stock market in September. The global financial world is in a complete tailspin with tens of trillions of dollars of value eroding from the markets. Stocks and currencies have been battered and inflation has been stubbornly high throughout major economies. For example, […]

Australia’s Central Bank Suffers Losses Worth Billions In Bond Purchase Program

Central Bank Australia Bond Loss

The Reserve Bank of Australia has made public that it suffered losses in its bond purchasing program. Michele Bullock who’s the Deputy Governor of the Reserve Bank of Australia (RBA) spoke at an event yesterday in Sydney, hosted by Bloomberg. Bullock said Australia’s central bank suffered a huge loss in its bond purchasing program during […]