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Banking Elites Are Using Crypto Bloodbath And FTX Fraud To Justify CBDCs

Central bankers and international corporate financiers have long been pretending to hate the very concept of cryptocurrencies like Bitcoin and Etherium while at the same time investing heavily in blockchain technologies and infrastructure.  The purpose of the ruse is not clear, but more than likely it was an attempt at mass reverse psychology – “We […]

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Ghana faces rude awakening as the tide of cheap money recedes

When Ghana’s President Nana Akufo-Addo took to the airwaves in October to assure investors that their money was safe, it was only natural for them to smell trouble ahead. That is exactly what they got. Long considered one of the most stable and best-managed countries in Africa, Ghana is about to join the list of […]

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The Great Wall (Of Indifference)

Anti-government protests in China have spread like . . . a highly infectious disease of the upper respiratory tract. This should ring the bell on the recent rip in Chinese equities. Lockdown. Crackdown. Go down. While the politics and unrest hog the headlines short-term, the dilemma for emerging market funds is a big one. Are the factors undermining Chinese […]

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EU Threatens Musk With Twitter Ban Over Content Moderation

The EU has threatened to ban Twitter in Europe unless new owner Elon Musk adheres to its strict rules on content moderation. The threat was made by Thierry Breton, the EU’s commissioner in charge of implementing the bloc’s digital rules, who said during a video meeting with Musk on Wednesday that Twitter must follow a […]

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Posting through it, crypto-Lehman edition

Sam Bankman-Fried keeps talking with journalists about his adventures in non-ring-fenced assets. At least this time it was on purpose. We’re not sure this was any more successful at clearing things up though. SBF said he “didn’t ever try to commit fraud on anyone” in a live-broadcast discussion with NYT’s Andrew Ross Sorkin. But he […]

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US Approves Heavy Weapon Sales To Newest NATO Applicant

Authored by Will Porter via The Libertarian Institute,  The US government has authorized a flurry of arms sales to European allies in recent weeks, including more than $850 million in advanced missiles and rockets to Finland, which is currently seeking to join the NATO military alliance. The US Defense Security Cooperation Agency (DSCA) outlined the latest […]

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Emerging market stocks and bonds stage powerful rebound rally

Emerging market stocks and bonds are staging a strong rebound as hopes that China will loosen its Covid-19 curbs and a dollar sell-off have helped relieve some of the pressure on developing economies. JPMorgan’s broad gauge of dollar-denominated emerging market debt climbed 7.6 per cent in November, its best month since 1998, while equities tracked […]