Despite conflicting research and reports on the health of the global economy, a significant concern now stems from a recently declassified RCMP report. The report predicts a potential for dire economic and social destabilization in the coming years, focusing on several looming challenges that the Royal Canadian Mounted Police (RCMP) anticipates will herald this destabilization. […]
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The first Canadian Bitcoin conference has officially been announced and is scheduled for the June 17th-18th weekend of 2023 at the Chelsea Hotel in Toronto.
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In 2021, when Salvadoran President Nayib Bukele recognized Bitcoin as legal tender, the President drew much criticism, arguing El Salvador had doomed its economy. Now, with El Salvador having paid this debt, the Bitcoin detractors might have to eat their words.
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One story that escaped most headlines last month was that the Federal Reserve, New York Branch started a 12-week CBDC (Central Bank Digital Currency) pilot project on Nov. 15th, 2022. This story is both significant and not that significant for a variety of reasons that need to be delved into.
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What is most glaring about the report is just how open the Central Bank is about valuing a CBDC for the ability to centralize power over the currency, and economy, around the government. Although the report still uses soft-sounding language to make the idea of effectively making the government the gatekeeper of every Canadian money not sound like a massive overstepping of power.
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It is important to note that outside of central bankers and politicians who see benefits in being able to consolidate financial power around the government, citizens have zero substantial incentives to use CBDCs, unless forced to or basically bribed to adopt them.
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In a paper published by Payments Canada back in 2021, they admit that a lot of the perceived negatives for Canadians’ privacy posed by Central Bank Digital Currency (CBDC) are seen as a positive by the Canadian government.
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Corbyn goes on to paint a compelling picture that, with or without this disastrous policy of money printing, the US dollar was close to reaching the end of its life cycle as a fiat currency anyway. Corbyn explains the ‘long term debt cycle’ here, and how the U.S. dollar was easily calculable to be reaching its fiat dollar twilight years in and around the year 2020. But when we reach the end of this cycle, what happens next?
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Can anyone really afford to wait 10 minutes, minimum, when buying coffee at Tim Hortin’s? The idea is ridiculous and although Bitcoin was built with the aim of replacing the fiat system until recently it was incapable of filling all the roles the fiat dollar system filled in society. That is, until the advent of the Lightning Network.
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While the new law doesn’t recognize Bitcoin as legal tender as it in nearby El Salvador and in the Central African Republic earlier this week, Panama did legally recognize Bitcoin and other ‘cryptos’ in a move to provide common-sense regulatory clarity for the fledgling industry.
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This childish article looks like written by poor educated Hindu after few shots of cow piss. Hindus are curse to…
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Bunch of pedophiles covering for other pedophiles. Looking forward to the day the criminals running this country and the media…