Tags: #Finance
Willem Middelkoop is a great financial analyst. Well-educated, critical thinker, non-bullshitter, and of course, the Dutch's straightforwardness (bluntness?) which is always appreciated. I've followed him long enough to convince myself his analysis is sound.
Assuming we have the same understanding about the nature of money because we both read that Lyn's article shared in a previous post.
These are some interesting comments from the current president of the Federal Reserve Bank of Minneapolis.
Personally, people like him give me a bit of hope; at least some bankers foresee the many issues behind CBDCs in countries that supposedly value freedom.
So far, I've consciously avoided writing about economics or finance here. I don't feel knowledgable enough to share something valuable.
However, given what we are witnessing around the world, I'm now reconsidering this position. Perhaps we should share whatever insight we have, no matter how small it is. It is up to you, the reader, to take what you find useful and discard the rest.
This post is divided in two parts: first some personal background and then a link to an article sharing the title with this post. If you are only interested in finding the answer to the question, jump directly to the bottom.
It always amazes me the kind of biased coverage the big media outlets give to failing crypto projects. So far, this year has witnessed the collapse of Terra LUNA, then Celsius and Three Arrows Capital. Nobody denies the damage these projects cause to their creditors. Many people, knowingly or not, took a high risk investment when put their money there.