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On August 6, 1915, His Majesty’s Government issued this appeal:In view of the importance of strengthening the gold reserves of the country for exchange purposes, the Treasury have instructed the Post Office and all public departments charged with the duty of making cash payments to use notes instead of gold
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One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years.Today’s guest is Lyn Alden. Lyn is the founder of Lyn Alden Investment Strategy and one of today’s best-known and most-respected macro analysts. In this conversation, she and NLW
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An economic historian and one of Foreign Policy’s “Top Global Thinkers of the Decade” discusses post-COVID-19 global economics and politics. Our guest today is Adam Tooze. Adam holds the Shelby Cullom Davis Chair of History at Columbia University and serves as director of its European Institute. He is known for his
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Industrial-scale bitcoin mining is an extremely capital-intensive business. Debt financing can be an attractive way to raise the funds needed to purchase equipment without diluting ownership through equity issuance. But the mining industry is volatile and loans generally feature high interest rates and strict collateral requirements, making it a double-edged
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The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt.Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over a six-year
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Nearly 100 major corporations have filed for bankruptcy. More companies are under significant financial pressure as debt soars to over $500 billion. Expect more bankruptcies in the coming months as the U.S. economy struggles to reopen. Nearly 100 major corporations have filed for bankruptcy this year. That’s happening even amid the multi-trillion-dollar government
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MakerDao (MKR) has published a new report that attempts to put the events of ‘Black Thursday’ into context — and recommends safeguards to ensure it can never happen again.On March 12-13 a roughly 50% crash in the price of Ethereum (ETH) led to the under-collateralization of the debt positions underpinning
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The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years.According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is
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An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to
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MakerDAO (MKR) has denied accusations that the Maker Foundation placed the winning bids in all of its recent debt auctions.In a statement shared with CryptoX, the Maker Foundation states that it “is not purchasing MKR in the auctions.”Maker Foundation provides “limited technical assistance to some bidders”“Similar to how the
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