Bitcoin News and Finance: What You Need to Know

Russian President Vladimir Putin has discussed the end of the U.S. dollar dominance, claiming that Russia has nothing to do with the USD’s downfall. “We have never had and do not have the goal of de-dollarization,” Putin also stressed, highlighting global trends that could lead to the end of the U.S. dollar. Putin Discusses the ‘End of the Dollar’ Russian President Vladimir Putin responded to some questions Friday regarding de-dollarization and the U.S. dollar potentially losing its dominance during a plenary session at the St. Petersburg International Economic Forum (SPIEF). Putin was asked whether the allegations that he is using Russia’s conflict with the U.S. to speed up the process of de-dollarization were true, and if so, what the outcomes would be for him if the U.S. dollar loses its hegemony in the international financial system. The Russian president replied (translated by Google): First of all, I want to say … we have never had and do not have the goal of de-dollarizati...

Economist Peter Schiff says the U.S. dollar decline will be “far greater” than what Treasury Secretary Janet Yellen has warned. “This portends a significant decline in our standard of living,” he cautioned. Furthermore, the economist stressed that Federal Reserve Chairman Jerome Powell “is clearly worried about the evolving financial crisis, but doesn’t want to spook markets.” Peter Schiff Predicts Larger U.S. Dollar Decline Than Yellen Expects Economist and gold bug Peter Schiff issued more warnings about the U.S. economy, the banking system, and the U.S. dollar in several tweets this week. Treasury Secretary Janet Yellen warned during her testimony before the House Financial Services Committee on Thursday that there would be a “slow decline” in the U.S. dollar as the global reserve currency. Emphasizing concerns that sanctions imposed by the U.S. have motivated a number of countries to look for USD alternatives, she cautioned that the decline in USD dominance is “something we ha...

Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has warned that more banks are about to fail. “Regional banks and mortgage companies are falling,” he cautioned, urging investors to think for themselves and not rely on the guidance of President Joe Biden, Federal Reserve Chairman Jerome Powell, or Treasury Secretary Janet Yellen. More Banks Are on the Verge of Failing, Says Kiyosaki Rich Dad Poor Dad author Robert Kiyosaki has issued more warnings about the U.S. economy and the banking system. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. The renowned author warned of impending bank failures in a tweet Thursday. He wrote: More banks about to fail. Rumor is mortgage giant Loan Depot is on the ropes. Regional banks and mortgage companies are falling. He t...

Steve Hanke, an economist and professor of Applied Economics at Johns Hopkins University, as well as a former member of Ronald Reagan’s Council of Economic Advisors, recently expressed his belief that the U.S. Federal Reserve is lacking direction and “doesn’t know what it is doing.” Hanke further predicts a bleak economic downturn in 2024, referring to it as an “ugly recession.” Steve Hanke: ‘I Think the Fed Doesn’t Know What It’s Doing’ During a recent interview with Kitco News’ lead anchor Michelle Makori, economist Steve Hanke delved into the future of the U.S. economy and the Federal Reserve’s recent decision to halt the federal funds rate at the Federal Open Market Committee (FOMC) meeting held on Wednesday. Hanke emphasized that while the interest rate garners significant attention, it is the monetary supply that warrants closer scrutiny. He pointed out that Federal Reserve chairman Jerome Powell acknowledged the continuation of quantitative tightening despite the pause i...

Kenyan President William Ruto has repeated his call on African countries to consider ditching the U.S. dollar when settling cross-border trades. The Kenyan leader claimed that the African continent already has a mechanism that enables the seamless settling of transactions between traders. Further, freedom advocate and entrepreneur Kimdotcom said as more countries reject the greenback the “U.S. Govt will pay a higher price for printing money.” Ruto: African Traders Do Not Need to Settle Using the Greenback Kenyan President William Ruto has again urged African countries to consider settling cross-border transactions with their respective currencies instead of the U.S. dollar. In his remarks made while addressing the Djibouti parliament, Ruto argued that the African continent’s Afreximbank already has the mechanism in place to enable seamless settling of transactions between traders. Just In: President of Kenya, @WilliamsRuto , Urges African Nations to Dump the US Dollar for Intracon...