TheRealZed
Retired Sailor
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It's having the desired effect... they knew they could create an issue here even if there was no issue.
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For as long as I've been paying attention, it seems US regulators have had a hard on for Binance. Whether the attention is legitimate or political I don't know, but they have definitely had the eye of Sauron on their backs for a long time.
Let's see what ol Jerome over at the Fed has to say. That usually moves the markets one way or another...Gold Daily - Weak breakout? Need follow through. If so the next stop is the 1870's...
View attachment 4650
A CBDC doesn't need a bank so unbanked isn't an issue. For the most part a decent crypto replaces most of what a banks does save for the lending function and there is nothing to stop them lending direct. In theory they could link it to a card, you'd have to be no more tech savvy than have the ability to swipe a card to read a balance or pay for something.
The biggest hurdle will be attitudes...
I dunno that they will go the full 9 yards to start with due to public attitudes but they can make the tech very approachable.
2c FWIW.
From the replies to @BernieSpofforth - it's an old video (referencing the Morrison government) and was never implemented. That said:
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Binance CEO Changpeng Zhao on Wednesday said that the situation has "stabilized" at his cryptocurrency exchange, in a bid to assuage investors' fears after the company was forced to halt withdrawals of a stablecoin.
Zhao said that around $1.14 billion of net withdrawals took place on Tuesday, but tweeted that this was "not the highest withdrawals we processed, not even top [five]." The CEO said deposits are returning to Binance.
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From the replies to @BernieSpofforth - it's an old video (referencing the Morrison government) and was never implemented. That said:
Privacy, encryption vs. Surveillance state
NWO doesn't like end to end encryption. This is one of the most fundamental issues regarding liberty and tyranny of our age. Should the five eyes succeed, it will give governments around the world massive potential for tyranny and abuse...www.pmbug.com
It looked pretty reasonable to me. It will be hard for (paper) PMs to breathe until the Fed removes the boot from the market's neck.Hemke on what comes in 2023 for the PMs. Bullish or bullish*t?
I agree. I think some of what happens will hinge on the USD status as the world's reserve currency. While I don't expect things to turn on a dime, it certainly seems like dollar domination on the world stage is being diluted as forces realign and China continues to exert their developing muscle. There are just too many world political variables to nail down timing, but you can be sure that when the Fed finally sees the writing on the wall and removes pressure from the PM market its ascension will be blamed on something else besides the death of dollar hegemony.It looked pretty reasonable to me. It will be hard for (paper) PMs to breathe until the Fed removes the boot from the market's neck.
The U.S. economy is slowing a lot faster than expected as regional central bank data shows sharp declines in the manufacturing sector.
Both the New York Federal Reserve and the Philadelphia Federal Reserve shows a further contraction in their manufacturing surveys.
...
... the European Central Bank raised interest rates by 50 basis points across the board, in line with expectations.
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The ECB also struck a hawkish tone signaling further rate hikes will be needed to bring inflation pressures down. ...
... the Bank of England raised interest rates in line with expectations and signaled further rate hikes in 2023 to bring inflation down.
As expected, Thursday, the Bank of England raised interest rates by 50 basis points ...
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The central bank said that a big risk to inflation remains the labor market and could prompt more tightening.
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Bob Dylan said:...
But I would not feel so all alone
Everybody must get stoned
...
Oh, something is gonna be crushed alright...Empire State and Philly Fed manufacturing survey's disappoint; gold prices remains under solid selling pressure
(Kitco News) - The U.S. economy is slowing a lot faster than expected as regional central bank data shows sharp declines in the manufacturing sector.www.kitco.com
Gold prices remain down as ECB raises interest rates and signals more to come in 2023
(Kitco News) - Spot gold prices are holding near session lows against the euro and not seeing any new price movement after the European Central Bank raised interest rates by 50 basis points across the board, in line with expectations.www.kitco.com
Bank of England raises interest rate as expected by 50bps to 3.5%
(Kitco News) - Gold prices against the British pound remain under pressure after the Bank of England raised interest rates in line with expectations and signaled further rate hikes in 2023 to bring inflation down.www.kitco.com
Central Banks all raising rates together. Inflation must be crushed.
There are just too many world political variables to nail down timing, but you can be sure that when the Fed finally sees the writing on the wall and removes pressure from the PM market its ascension will be blamed on something else besides the death of dollar hegemony.
Never mind they're printing the dollar as if it grew on trees....While I don't expect things to turn on a dime, it certainly seems like dollar domination on the world stage is being diluted as forces realign and China continues to exert their developing muscle.
If by gold bugs you mean central banks, I agree.The death of dollar hegemony will be blamed on the gold bugs when PM prices ascend.
Geez, I didn’t know we had that much power!The death of dollar hegemony will be blamed on the gold bugs when PM prices ascend.
Yup. Lets hope the lil Comex snits don't have a hissy fit and rain on her parade.Silbur!
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