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Tag: US Debt

US Debt Default Would Be Catastrophic, Could Cost American Dollar Reserve Currency Status: Congressman Jim Himes – The Daily Hodl

The looming debt ceiling crisis could undermine the status of the US dollar as the world’s reserve currency, according to House Democrat Jim Himes. In...

Oil slightly higher, gold continues to drift lower – MarketPulse

Oil settled into lower range but focus remains on banks and OPEC+ Oil prices were drifting lower earlier in the day but have recovered...

US Dollar in Precarious Position As BRICS Members Join Forces Against American Currency: Senator Rand Paul

Kentucky Senator Rand Paul says the government’s foreign and fiscal policies are pushing BRICS and other nations to gang up against the US dollar. In...

Credit Default Swaps on US Debt Spike Beyond 2008 Levels

The cost to secure against a government default on the $31.4 trillion debt has spiked 10x in the past six months. March in particular...

Q1 2023 Market Review – Will Bitcoin Rise Against the US Dollar and Back to Above $32,000

HodlX Guest Post  Submit Your Post   Despite heightened volatility in the crypto market, the first quarter of 2023 has ended on a good note. In this...

Balaji Forfeits and Settles $1 Million Bitcoin Bet – But Stands By Hyperinflation Thesis

Former Coinbase CTO Balaji Srinivasan has withdrawn from his notorious $1 million Bitcoin bet, in which he gambled $1 million in USDC on...

BoJ: maintained ultra-easy policy but scrapped forward guidance

No change on key policy short-term interest rate and limits of the Yield Curve Control programme. Scrapped forward guidance to maintain the interest rate...

Bitcoin Price Reclaims $29,800, Driven By These Factors

The Bitcoin price regained the $29,000 mark today for the first time since last Thursday. The decisive impulse was provided yesterday by the news...

Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit

There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a...

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent...

Week Ahead – A pivotal moment

US The US has a very busy week ahead.  The two main events are Fed Chair Powell’s semi-annual testimony to Congress and the nonfarm...

Op-ed: Bitcoin could be the answer to the US’ spiraling debt

The U.S. debt ceiling reached its $31.4 trillion limit on Jan. 19, prompting calls for radical action, even removing the ceiling altogether.Bitcoin offers an...

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