marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
privacy watch
12/12/2024
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By Ramon Tomey
How the digital rupee could redefine India’s financial future
Outgoing Reserve Bank of India (RBI) Gov. Shaktikanta Das emphasized the pivotal role of India’s home-grown central bank digital currency (CBDC), the digital rupee, in shaping the country’s financial future. The RBI under Das’ leadership launched pilot projects for the digital rupee, including retail and wholesale applications, with 16 participating banks and features like offline […]
12/11/2024
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By S.D. Wells
One of the BIGGEST BANKS in the world is … STARBUCKS?
Sure, everyone knows if they want some expensive coffee loaded with GMO sugar and conventional dairy products, just drive a mile or less around the corner and grab some Starbucks. What you didn’t know is that Starbucks has more liquid lute in their “bank” than almost any other actual big-name bank in the nation. How’s […]
11/07/2024
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By Ethan Huff
CBDC programs failing in U.S. and other “Five Eyes” nations
The future of central bank digital currencies (CBDCs) is in jeopardy as Canada, Australia, and other “Five Eyes” nations abandon their CBDC schemes. While around 90 countries and currency unions are currently exploring how to unleash CBDC programs as a cashless replacement for the existing fiat scheme, the United States is about to become the […]
10/07/2024
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By Zoey Sky
Bank of Canada cancels plans to develop a digital currency
The Bank of Canada (BOC) has announced that it is scrapping its plans to implement a “digital dollar” or central bank digital currency (CBDC). Officials from Canada’s central bank said a digital currency, also called the electronic Loonie, will no longer be considered after years of planning. Earlier reports revealed that most Canadians were not […]
09/09/2024
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By Ethan Huff
CBDCs will allow police to collect, store personal data for surveillance state, IMF paper reveals
The International Monetary Fund (IMF) published a report recently that warns about the very serious privacy risks associated with central bank digital currencies (CBDCs). According to the paper, entitled “Central Bank Digital Currency Data Use and Privacy Protection,” any central bank can use its CBDC system to collect all sorts of private information about users. […]
08/21/2024
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By News Editors
Automakers once again in meltdown mode; poised for another government-funded bailout because they followed government mandates and produced cars nobody wanted
GM announces layoffs of 1,000 tech workers who wasted time and money designing expensive EVs and self-driving autonomous vehicles that average American consumer can’t afford and doesn’t want. (Article republished from LeoHohmann.Substack.com) General Motors is laying off more than 1,000 salaried tech employees in its software and services division in an effort to streamline the […]
08/02/2024
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By Cassie B.
NSA whistleblower Edward Snowden warns that Bitcoin transactions aren’t as anonymous as people think
NSA whistleblower Edward Snowden has warned the public that their Bitcoin transactions may not be as private as they’d like to think, potentially exposing sensitive information about their political affiliations and lifestyle to governments and other entities. In his keynote speech at the recent Bitcoin 2024 conference in Nashville, which he gave from his exile […]
06/18/2024
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By Belle Carter
Bank of Israel advances digital shekel plans; CBDC to be used to surveil, control monetary transactions of Israelis
In line with Israel’s push for a digital currency initiative to accelerate its central bank digital currency (CBDC) development, the Bank of Israel (BoI) is set to collaborate with various service providers to create a digital payment system – the digital shekel. Israel’s central bank outlined its plans in an announcement, revealing the launch of the […]
06/04/2024
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By Ethan Huff
AAAND IT’S GONE: Google Cloud “error” instantly erases $135 billion pension fund
The pitfalls of the everything digital economy is that one data-loss screwup can wreak serious havoc, especially when it involves a multi-billion-dollar pension fund. UniSuper, a $135 billion pension fund out of Australia with 647,000 members, almost lost everything thanks to Google after Google’s Cloud servers erased the fund’s entire client list. Fortunately for UniSuper, […]
05/01/2024
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By Cassie B.
OBEY: World Economic Forum white paper claims 98% of central banks are in the process of adopting CBDCs
The World Economic Forum has been fixated on central bank digital currencies (CBDCs) lately, and as usual, they’re manipulating facts to garner support for their latest attempt to control people. This time, they’ve released a white paper making the claim that 98% of all central banks are currently pursuing their own CBDCs. They may want […]
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