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FAST FIVE: Facebook's Fake 'Crypto' Is "A Fiat-Money Clone"

The chances of success seem to be pretty good for the Libra: Electronic payment is a world-wide mega-trend. Not least because for decades state regulation has kept unwelcome outside competition from their backs, thereby, however, weakening their innovative strength. The critical question, however, is this: Is the Libra really good – or sound – money? Unfortunately, this question Read more…

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FAST FIVE: To The Stars

Authored by Sven Henrich via NorthmanTrader.com, Every once in a while, especially at market extremes, it's good to take a stake of the bigger picture. Now that the market, highly encouraged by the Fed, has baked in a rate cut for July (25bp or 50bp we shall see) a quick Read more…

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FAST FIVE: Facebook Won't Say Whether Banned Individuals Can Use Libra Despite Claiming To Be 'Politically Neutral' 

pic.twitter.com/zD3tG6zGTZ – Mister AntiBully (@MisterAntiBully) July 17, 2019 Perhaps the most significant revelation, however, was Facebook executive and Libra head David Marcus giving a disturbing answer over whether individuals banned from Facebook will be allowed to use the digital currency, while also claiming that the Libra Association will remain politically neutral.  Read more…