Welcome To The Central Bank Hotel, Once Inside You Can Never Leave

Welcome To The Central Bank Hotel, Once Inside You Can Never Leave Authored by Mike Shedlock via MishTalk.com, Central bank digital currencies are on the way. The German Central Bank just embraced a digital euro. Let’s discuss the risks… Fintech and Global Payments Jens Weidmann, president of the Bundesbank, Germany’s central bank gave the opening […]

Have Central Banks Crossed the Line into Tyranny? | Centinel2012

Comment by tonytran2015: This is a concise summary on the evolution of the Federal Reserve Banks.


…With all the conspiracy theories that somehow the bankers are the real culprits in creating excess money supply, there has been an evolution in central banks that has finally crossed the line since 2019. The Federal Reserve was, once upon a time, responsible. The Fed was originally designed as an authority to create money, which was an elastic money supply. That made perfect sense when the Fed was designed in 1913.

Yes, the bankers owned the shares BECAUSE the Fed was actually designed to do what JP Morgan did in herding the bankers together to save the day during the Panic of 1907. Morgan convinced the bankers that if they did not chip in money to bail out the troubled banks, panic would unfold, and ALL the banks would be hit as a contagion. They listened and joined his effort to stem the Panic of 1907. The design of the Fed was to recreate what JP Morgan put together. The shareholders were the bankers because it was a bail-out fund for the bankers, and TAXPAYER money should not be used to bail out the bankers.

Democrat President Woodrow Wilson signed the 1913 Act, creating the Federal Reserve as well as the income tax.

Bitcoin crashes on first day as El Salvador’s legal tender – BBC News


…The government has even given Salvadorans $30 each of Bitcoin to encourage

its adoption. It says bitcoin could save the country $400m a year in
transaction fees on funds sent from abroad.

However, using data from the World Bank and the government, the BBC calculates this to be closer to $170m…

‘Losing Faith’? – Cryptos & Commodities Rally As Dollar Dumps On Dismal Data, Afghan Angst

An ugly week for ‘hard’ and ‘soft’ data sent the US economic surprise data to its worst velocity since the plunge in March 2020… Source: Bloomberg Precious Metals gained as investors’ confidence that the central planners have a clue starts…

El Salvador’s Legislative Assembly approves $150M Bitcoin Trust – SAYAG

The Legislative Assembly of El Salvador has passed a bill to create a $150 million dollar Bitcoin Trust to support the development of crypto infrastructure and services across the country...

Canadian investment firm plans to plant trees for every Bitcoin ETF investment – SAYAG


Accelerate Financial Technologies plans to match investments in its unresolved Bitcoin exchange-traded fund (ETF) with the planting of thousands of trees.

Japanese financial regulator considers imposing stricter crypto rules – SAYAG


Japan’s financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors.

Cryptocurrency heist hacker returns $260m in funds – BBC News


… at 18:28 BST on Wednesday, Poly Network said it had received $260m.

Poly Network posted on Twitter that it had been sent digital tokens relating to three crypto-currencies, including $3.3m worth of Ethereum, $256m worth of
Binance Smart Chain (BSC) and $1m worth of Polygon…

Hackers steal over $600 MILLION in one of the biggest crypto heists ever — RT Business News


Some $611 million worth of crypto assets have been stolen by
cybercriminals using the multinational blockchain platform Poly Network.
We’re sorry to report that #PolyNetwork was attacked on @BinanceChain, @ethereum and @0xPolygon,” the platform said on Twitter, identifying three addresses where stolen assets were transferred.

total of 9,468 in various crypto tokens valued at approximately $611
million were drained from the platform, including hundreds of millions
of dollars worth of Ethereum and Binance coins.

Poly Network urged cryptocurrency exchanges to “blacklist tokens
coming from the addresses linked to the hackers. Also, it launched a
preliminary internal investigation that found a vulnerability between
the platform’s contract calls, which may have given cybercriminals a way
to steal the funds.

Kenya outrage over debt collectors’ shaming tactics – BBC News


capture gullible young people into debt distress very early and the
companies shame them using unconventional techniques if they fail to

And while Kenyans have been quick to embrace these loans some have described their interest rates as exorbitant…