News with the tag "US banking crisis"

The US banking crisis is what catalyzed the 2023 bull run, according to BitMEX’s Arthur Hayes.

Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the largest financial and banking crisis since 2008, and i...

In a recent video, renowned investor and educator George Gammon issued a warning about an impending second wave of the banking crisis. He delved into the data, revealing the signs that suggest the crisis is just beginning. The Mysterious Second Central Bank Gammon began by introducing the Federal Ho...

Stablecoins, the digital assets designed to maintain a stable value, have long been viewed as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast a shadow of uncertainty over their perceived stability. As global policymak...

Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while “the Fed funds rate is 5.25% and the real inflation rate is much higher.” Schiff previously warned that the U.S. ba...

BitMEX founder Arthur Hayes says that US banks are about to take another hit, this time from businesses looking to outperform low interest rates. Writing in a new essay, Hayes says that the recent “exodus” out of the US banking system will likely get worse. According to statistics compiled by the Fe...

On Friday (June 2, 2023), BitMEX’s Co-Founder and ex-CEO, Arthur Hayes, shed light on the puzzling question many crypto enthusiasts have been asking: Why hasn’t Bitcoin’s price shot up amid the ongoing U.S. banking crisis? Hayes, a respected voice in the crypto realm, is known for his deep understan...

Treasury Secretary Janet Yellen says that the banking industry will likely consolidate further into bigger giants as the industry continues to weather hard times. This week, Yellen met with over two dozen CEOs and executives convened by the Bank Policy Institute (BPI) to discuss the current state of...

Twitter CEO Elon Musk has shared what he calls a “massive incentive” to get money out of bank accounts, noting “bank depositor flight will accelerate to extreme levels, even for banks that are ‘too big to fail.’” Personal finance coach and author Dave Ramsey, for his part, thinks that de-dollarizati...

The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as ...