Baby boomers next to jump into cryptocurrency market Via Reuters: Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital. “It could be as much as a trillion dollars comes over the next year from that giant group of wealth,” said Novogratz, who used to […]
Fidelity applies to launch a bitcoin ETF cryptocurrency Via Reuters: Fidelity applied on Wednesday to launch an exchange traded fund to track the performance of bitcoin, the latest move on Wall Street to embrace the digital currency. Fidelity's Wise Origin Bitcoin Trust would hold bitcoin and value its shares based on prices from major cryptocurrency exchanges, including Coinbase and Bitstamp, according to a preliminary filing here to the Securities and Exchange […]
IRS will delay tax filing due date until May 17 Via AP News: Americans will be getting extra time to prepare their taxes. The Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17. The IRS announced the decision Wednesday and said it would provide further guidance in the coming days. The move provides more breathing room for taxpayers and the IRS alike […]
Fed Vows To Buy Bonds Until It Sees 'Substantial' Economic Progress Via Reuters: The Federal Reserve on Wednesday vowed to keep funneling cash into financial markets until the U.S. economic recovery is secure, a promise of long-term help that fell short of hopes of an immediate move to shore up a recent pandemic-related slide. Following a policy meeting that took stock of both the short-term risks to the economy and […]
True Money Show Guests Franklin Sanders On The Great Reset Recently, Franklin Sanders was a guest on the True Money Show with David Simpson (which you can hear by clicking this link here). The feedback was incredible and Mr. Sanders has been kind enough to provide a link to his September 2020 Moneychanger newsletter, which goes into the "Great Reset" in much greater detail. You can access the newsletter by […]
U.S. Debt Soars To A Record $3.3 trillion Due To COVID19 Hysteria The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means that federal debt will exceed annual gross domestic product next year […]
The Contango Is An Oil Market Dance None Of Us Want To Have To Learn-But We Must by Mike Church The market for crude oil, the industrial lifeblood of Texas and Louisiana, has tanked to its lowest future trading price ever of (-$43.35) a barrel. The fall is so sudden and catastrophic that analysts can't even bring themselves to tell us what it may mean for the near future. From […]
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