Central banks

91 Articles 0 Followers


LET US PRAY WE HAVE THE WISDOM TO CHOOSE CORRECTLY

6 Nov 2022 11 minute read 9 comments SirGerardThe1st

Thumbnail Source  The thumbnail shows Woody Allen's reaction when he learned that the international financial establishment was devising a cryptographic system for issuing centralized currencies, called CBDC, to replace the outdated fiat system in pl...

Another Week... Another Flurry of Rate Hikes

3 Nov 2022 2 minute read 0 comments SweptOverNiagara

Last week, I reported that the Bank of Canada surprised markets by raising interest rates by half a percentage point (50 basis points) instead of the expected 75 basis points. This sparked speculation the Federal Reserve Bank of the U.S.A. would also...

Bank of Canada Hikes Another 50 Basis Points

26 Oct 2022 2 minute read 0 comments SweptOverNiagara

 While the markets and most economists expected a 75 basis point hike today, they were 'surprised' when the Bank of Canada only raised by 50 basis points to 3.75%. Among the G7, Canada's central bank has been the most aggressive in raising rates sinc...

What A Week! Central Banks Continue To Raise Rates!

22 Sep 2022 3 minute read 0 comments SweptOverNiagara

On Tuesday, Sweden's central bank, Riksbank, shocked markets by raising a full 100 basis points or one percent to combat 30 year high inflation, the biggest hike by the bank since November 1992, when it also raised rates by a full percent. Consensus...

Bank of Canada Raises Rates by 75 Basis Points

7 Sep 2022 3 minute read 0 comments SweptOverNiagara

Just got word the BoC has just increased its key lending rate (for the fourth time this year) by another 3/4 percent with the overnight rate now set at 3.25%. The Governing Council still expects more rate hikes 'given the outlook for inflation'. This...

Shocking! U.K. Energy Bills Skyrocket By As Much As 10X!

31 Aug 2022 3 minute read 0 comments SweptOverNiagara

Just two days ago, I published a post titled 'Heads of Tails: Another Rate Hike in September?' where I suggested that after everything businesses have been put through in the last two and a half years, rising interest rates along with rising energy b...

FT crypto watch WEEKEND!! Aug 28

27 Aug 2022 5 minute read 2 comments Dave Sawyer

Cryptokin and cypherpunks, we love you.  Web3 lovers, we adore y'all!  Thanks for gathering on the banks of the crowdsourced river of the Publish0x.  We love to be here with y'all,  treasure every day, and we all need everyone's help to get up and ov...

Blockchain and the battle for Financial Freedom!

30 Jul 2022 4 minute read 3 comments Trey Trillionaire

  We’re into the second half of 2022 with the world facing a global recession and Blockchain technology has come under lots of scrutiny. Many people witnessed the all-time high of approximately $3 trillion last November, during a market bull ru...

Interest Rates Are Creeping Upward!

6 May 2022 2 minute read 1 comment SweptOverNiagara

If you haven't heard, the FED raised the benchmark lending rate by 50 basis points or a half percent to between 0.75 and 1%. Current market pricing expects the rate to climb to as high as 3% by year end. Per Chairman Jerome Powell's comments that the...

What just happened to me is further proof traditional banks are living in the past

17 Mar 2022 2 minute read 4 comments LeftFooted

I've been writing professionally for six years and that comes with its pros and cons. Pros, I can work from just about anywhere as long as I've got WiFi and my laptop, and it's hard to even call it 'work'. And the cons? First and foremost, it is very...