In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.
Italy is bailing out two failed bank, putting taxpayers on the hook for $19 billion. When banks get bailed out, other bankers are encouraged to behave recklessly. After all, they aren't on the hook if a risky loan doesn't pay off; the taxpayer is. But it doesn't have to work this way.
Just 50 years ago, a machine was distributing banknotes for the first time. It was a real revolution at a time when individuals around the world had to go to their bank's counter to collect cash. But with the rise of new technologies, the ATM is either going to have to reinvent itself, or be replaced.
RT’s Editor-in-chief Margarita Simonyan has spoken before Russian President Vladimir Putin and Chinese President Xi Jinping.
In an impassioned speech, Simonyan spoke of the dangers of fake news media which she correctly lumped together with western mainstream media as a destabilising force of global mis-information.
She sated,
“We can only tackle this (fake news problem) together. In this case, together and with the help of Chinese media”.
The underbanked regions of the world aren't waiting for governments and centralized banking systems to break the cycle of poverty. Instead, they are utilizing the blockchain and cryptocurrencies to rise about their circumstances.
Nearly all the interest the Federal Reserve collects on government debt is rebated to the Treasury each year. However, the banking cartel is able to use tax dollars to pay 100% of its operating expenses with a blank check. [...]
(MPN) In 2011, a Swiss study confirmed what many already knew or suspected: bankers run the world. The study, completed by the Swiss Federal Institute of Technology in Zurich, found that “a large portion of control flows to a small tightly-knit core of financial institutions,” essentially forming a network of global corporate control.
Most agree that banks should keep our money safe and avoid unnecessary risk. But is the sector capable of much more than avoiding leading us into another financial crash?
The post Could banks not just be less bad, but a force for positive change? appeared first on Positive News.
President Donald Trump, right, Vice President Mike Pence, left, witness fomer Goldman Sachs executive and new Treasury Secretary Steven Mnuchin accompanied by his fiancée, sign documents after he was sworn-in by the vice president, Monday, Feb. 13, 2017. (AP/Manuel Balce Ceneta)
Restoring public trust in banking is a huge task. But Triodos Bank’s Bevis Watts is no ordinary banker, and he thinks it’s possible. We ask him: could the financial sector benefit people and planet, as well as profits?The post Could banking be a force for good? appeared first on Positive News.
