⚡️🇺🇸☢️🗣Gary Gensler*:
We don't need more digital currencies... we already have a digital currency called the US dollar. For many centuries, it has never happened that the economy and the public needed more than 1 means of transferring value.
source: coindesk.com
* SEC Chairman
We don't need more digital currencies... we already have a digital currency called the US dollar. For many centuries, it has never happened that the economy and the public needed more than 1 means of transferring value.
source: coindesk.com
* SEC Chairman
CoinDesk
U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler
Gensler's comments follow landmark suits filed this week against crypto exchanges Binance and Coinbase.
🇨🇳🇨🇺🇺🇸 Escalation is spinning up...
China will pay Cuba to host a secret spy base where Beijing can spy on American ships and electronic communications in the US Southeast.
China and Cuba have reached a secret agreement for China to set up an electronic listening center on the island, in Beijing's new brazen geopolitical challenge to the US, according to US officials familiar with top-secret intelligence
China will pay Cuba to host a secret spy base where Beijing can spy on American ships and electronic communications in the US Southeast.
China and Cuba have reached a secret agreement for China to set up an electronic listening center on the island, in Beijing's new brazen geopolitical challenge to the US, according to US officials familiar with top-secret intelligence
WSJ
WSJ News Exclusive | Cuba to Host Secret Chinese Spy Base Focusing on U.S.
Beijing agreed to pay Havana several billion dollars for allowing it to set up an eavesdropping facility about 100 miles from Florida.
⚡️🇺🇸☢️🗣Binance.US suspends US dollar deposits after crackdown by regulators
June 8 (Reuters) - Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as early as June 13, just days after U.S. regulators sued Binance and its CEO Changpeng Zhao.
June 8 (Reuters) - Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as early as June 13, just days after U.S. regulators sued Binance and its CEO Changpeng Zhao.
☝️☢️🗣 - 🇺🇸The fourth largest American bank Wells Fargo has limited cash withdrawals to $1,000 due to "emergency conditions and in order to serve all customers" - write many on social networks
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🇺🇸🇬🇧U.S. President Biden and British Prime Minister Rishi Sunak signed the Atlantic Declaration, a first-of-its-kind economic partnership on AI and other economic and trade relations .
And the next one -
🇺🇸🇨🇳 The United States intends to impose certain restrictions on the investment of American capital in the Chinese economy, said US President Joe Biden, speaking on Thursday at a joint press conference with British Prime Minister Rishi Sunak.
Start smelling like AUKUS... It all fits.🔥🤔
And the next one -
🇺🇸🇨🇳 The United States intends to impose certain restrictions on the investment of American capital in the Chinese economy, said US President Joe Biden, speaking on Thursday at a joint press conference with British Prime Minister Rishi Sunak.
Start smelling like AUKUS... It all fits.🔥
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Fed Bank Bailout Facility Breaks $100 Billion For First Time, Money Market Inflows Soar Again
✔️Unfortunately, things are not going well for the Fed - money market funds received $36.6 billion inflows to a new all-time high of $5.457 trillion . This is the 7th week of influx in a row (and the 12th of the last 13 weeks)...
✔️Unfortunately, things are not going well for the Fed - money market funds received $36.6 billion inflows to a new all-time high of $5.457 trillion . This is the 7th week of influx in a row (and the 12th of the last 13 weeks)...
The Fed hasn't been sitting idly by - its balance sheet rose unexpectedly by $3.47 billion - the biggest increase since the SVB bailout...
As for QT, the Fed sold assets for a very modest $2.4 billion
By the way, during the last press conference, Powell noted that they can adjust QT depending on the situation. However, it cannot be said that the published figures should somehow radically influence the market.
As for QT, the Fed sold assets for a very modest $2.4 billion
By the way, during the last press conference, Powell noted that they can adjust QT depending on the situation. However, it cannot be said that the published figures should somehow radically influence the market.
⚡️🇺🇸-👆Guys, do you understand something?
▪️The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to alter course with its rate-hiking cycle, CNBC reported on Sunday, citing IMF's Managing Director Kristalina Georgieva.
▪️Reuters - US hotel developers run out of cash as construction lending dries up.
Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.
▪️The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to alter course with its rate-hiking cycle, CNBC reported on Sunday, citing IMF's Managing Director Kristalina Georgieva.
▪️Reuters - US hotel developers run out of cash as construction lending dries up.
Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.
⚡️🇪🇺🗣👆European Central Bank interest rate hikes could take longer than usual to pass through to the real economy and their impact may be more muted than usual, ECB board member Isabel Schnabel said in a newspaper interview.
"Given the current shortage of workers, one could expect monetary policy transmission to be weaker than usual," Belgian newspaper De Tijd quoted her as saying in an article published on Wednesday.
"Given the current shortage of workers, one could expect monetary policy transmission to be weaker than usual," Belgian newspaper De Tijd quoted her as saying in an article published on Wednesday.
⚡️🇺🇸☢️🗣The U.S. trade deficit widened by the most in eight years in April
▪️The trade deficit jumped 23.0% to $74.6 billion.
▪️Goods imports rose 2.0% to $263.2 billion in April, boosted by motor vehicles, parts and engines.
▪️Exports of goods plunged 5.3%, the most in three years, to $167.1 billion. That was the lowest level since February 2022.
▪️Overall exports fell 3.6%, the largest drop in three years, to $249.0 billion. That was the lowest level since March 2022. The services surplus was the highest since March 2021.
▪️The nation's goods trade deficit with China widened to $24.2 billion in April from $22.6 billion in March.
▪️The trade deficit jumped 23.0% to $74.6 billion.
▪️Goods imports rose 2.0% to $263.2 billion in April, boosted by motor vehicles, parts and engines.
▪️Exports of goods plunged 5.3%, the most in three years, to $167.1 billion. That was the lowest level since February 2022.
▪️Overall exports fell 3.6%, the largest drop in three years, to $249.0 billion. That was the lowest level since March 2022. The services surplus was the highest since March 2021.
▪️The nation's goods trade deficit with China widened to $24.2 billion in April from $22.6 billion in March.
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⚡️🔊👆Central Bankers Are Absolutely Buying Gold: Crowell
“We saw record holdings from central banks increase significantly in 2022 and will continue into this year.” Ruth Crowell, chief executive officer at the London Bullion Market Association
“We saw record holdings from central banks increase significantly in 2022 and will continue into this year.” Ruth Crowell, chief executive officer at the London Bullion Market Association
⚡️🇺🇸☢️👆Dear crypto lovers. As we can see, the conspiracy theory that any problems with the exchanges cause a decrease in the potential supply of bitcoin on the exchanges in anticipation of the upcoming QE is valid.
More precisely, the theory is precisely that this is done specifically so that the cue balls leave the exchanges and are not used for short.
A couple more lawsuits and it will be possible to vacuum the entire remaining volume for some 10 billion dollars.
More precisely, the theory is precisely that this is done specifically so that the cue balls leave the exchanges and are not used for short.
A couple more lawsuits and it will be possible to vacuum the entire remaining volume for some 10 billion dollars.
☝️☢️🗣 - 🇺🇸In 2008 and 2020, the Fed provided liquidity to the overnight market when banks stopped lending to each other. This delayed the crisis. Only when the Fed took liquidity did the system collapse. This gives the Fed complete control over when the crash occurs.
Fed interventions to bail out the banking sector now exceed 2020 right before the crisis hit. The Fed's recently created Other Lending Facility and Bank Term Financing program totaling $278 billion is over $255 in 2020 and $133 in 2008. The spread adjusted for high yield options looks the same
When the Fed is ready to crash the markets, we will see a -20% to -50% reduction in the two credit lines created in March 2023 under the Fed's Term Financing Facility (BTFP) and Other Credit Extensions (OCE). liquidity, which is usually a repurchase agreement (REPO)
Fed interventions to bail out the banking sector now exceed 2020 right before the crisis hit. The Fed's recently created Other Lending Facility and Bank Term Financing program totaling $278 billion is over $255 in 2020 and $133 in 2008. The spread adjusted for high yield options looks the same
When the Fed is ready to crash the markets, we will see a -20% to -50% reduction in the two credit lines created in March 2023 under the Fed's Term Financing Facility (BTFP) and Other Credit Extensions (OCE). liquidity, which is usually a repurchase agreement (REPO)
🏦🇺🇸Bloomberg - The US budget deficit for eight months of the fiscal year increased by 2.7 times.
The US budget surplus in May amounted to $240.348 billion, which is 3.6 times higher than the figure for the same month last year ($66.223 billion), the Treasury Department said.
▪️Budget revenues fell by 21% to $307.487 billion.
▪️Spending increased by 20.3% to $547.835 billion. The main increase was in the Medicare health insurance program and in the social insurance system.
The US budget surplus in May amounted to $240.348 billion, which is 3.6 times higher than the figure for the same month last year ($66.223 billion), the Treasury Department said.
▪️Budget revenues fell by 21% to $307.487 billion.
▪️Spending increased by 20.3% to $547.835 billion. The main increase was in the Medicare health insurance program and in the social insurance system.