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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 2 years ago

Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears As Trump Primes Bitcoin For A $4 Trillion Price Surge

www.forbes.com

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Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears As Trump Primes Bitcoin For A $4 Trillion Price Surge

www.forbes.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 2 years ago
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  • usa@lemmy.ml
Janet Yellen has said she fears U.S. financial sanctions will reduce the role of the dollar around the world, as Russia encourages the use of bitcoin and crypto...
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  • Shinhoshi@lemmygrad.ml
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    2 years ago

    Critical support for destroying the USA empire to… checks notes the USA?

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      2 years ago

      • Che's Motorcycle@lemmygrad.ml
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        2 years ago

        Wow, this is from 2014 no less.

        • ☭ 𝗚𝗿𝗮𝗶𝗻𝗘𝗮𝘁𝗲𝗿 ☭@lemmygrad.ml
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          2 years ago

          it’s an edit of this Onion article

          • Che's Motorcycle@lemmygrad.ml
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            2 years ago

            Too good to be true! But the real article is also good.

    • LarkinDePark@lemmygrad.mlBanned
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      2 years ago

      Xi’s sitting back and doing nothing plan coming together.

  • Ahri Boy 🏳️‍⚧️@lemmygrad.ml
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    2 years ago

    BRICS gaining ground

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      2 years ago

      don’t see western media making fun of BRICS lately

  • idontpeoplegood@lemmygrad.ml
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    2 years ago

    This article feels like someone giving the market a little nudge to hopefully trigger some tiny movements their trading supercomputer can take advantage of to make them a quick few hundred million. Source: I know less than nothing about the subject.

  • redtea@lemmygrad.ml
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    2 years ago

    Owner of Forbes quietly admits to being annoyed at being saddled with loads of bitcoin, staff promise to fix that for them.

    • diegeticscream[all]🔻@lemmygrad.ml
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      2 years ago

      It almost works on me 😅

  • Idliketothinkimsmart@lemmygrad.ml
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    2 years ago

    Bitcoin…which is valued in dollars?

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      2 years ago

      I think the key there is that US doesn’t control trade of bitcoin the way they do swift. Any country can send bitcoin to any other country as a form of settlement, and there’s nothing US can do about it.

    • Shinhoshi@lemmygrad.ml
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      2 years ago

      Crucially, it’s valued in other currencies too, and not just printed by the USA

  • Rasm653u [He/him] @lemmygrad.ml
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    2 years ago

    Who’s Janet Yellen?

    • rainpizza@lemmygrad.ml
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      2 years ago

      Another mouthpiece of the empire but related to the economy.

    • knfrmity@lemmygrad.ml
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      2 years ago

      She’s a neoliberal economist (ie someone who lays down academic cover for the empire). She was the Federal Reserve chair under Obama and has been the Treasury Secretary under Biden.

      Her earlier career included time at the Fed, during which she wrote a paper clearly stating the purpose of raising interest rates: to further oppress the working class.

      • Shinhoshi@lemmygrad.ml
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        2 years ago

        And then proceeded to hike interest rates at astronomical speeds during her tenure

        https://www.visualcapitalist.com/interest-rate-hikes-1988-2023/

  • ExotiqueMatter@lemmygrad.ml
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    2 years ago

    Yellen when sanctions backfire

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      2 years ago

      I absolutely love they picked that particular pic for the story.

      • ExotiqueMatter@lemmygrad.ml
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        2 years ago

        This deserves to be an emoji.

        • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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          2 years ago

          Hard agree

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