Oh great news! The central banks have agreed to ramp up their “swap lines” so they can provide even more US dollars to global markets. And, to make it even more exciting, they’re going to increase the frequency of 7-day operations…to DAILY! Woohoo! Get ready for more liquidity backstops and easing of funding market strains.… Continue reading World’s Largest Central Banks Are Taking Emergency Action to Save US Dollar
Tag: Fiat Currency
Bitcoin Pacman Eating Fiat Money
The image of a Bitcoin pacman devouring the symbols of the world’s largest currencies is a powerful symbol of the growing dominance of cryptocurrencies over traditional fiat currencies. The image captures the essence of the battle that is currently being waged between these two forms of currency, with Bitcoin and other cryptocurrencies gaining ground and… Continue reading Bitcoin Pacman Eating Fiat Money