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Tag: Economics

The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

August 15, 2021 wp-bot Bitcoin News

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S.

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US Inflation Continues to Rise Amid Lockdown Talk, Producer Prices Jump 7.8%, Biden Blames OPEC

August 13, 2021 wp-bot Bitcoin News

The United States is facing severe inflation despite the Federal Reserve and mainstream media doubling down on saying the loss of purchasing power is just

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Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required

August 12, 2021 wp-bot Bitcoin News

When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize,

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Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’

August 10, 2021 wp-bot Bitcoin News

The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.”

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US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey

August 9, 2021 wp-bot Bitcoin News

The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels

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Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid

August 9, 2021 wp-bot Bitcoin News

The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday,

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