"President Donald Trump said Thursday he wants a strong U.S. dollar, claiming that Treasury Secretary Steven Mnuchin was misinterpreted when he said earlier this week that the weak U.S. currency is good for trade."
"'The blockchain is real,' Dimon added in the interview. 'You can have cryptodollars in yen and stuff like that. ICOs ... you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.'"
"Several major Indian banks have suspended the accounts of top Bitcoin exchanges in India. State Bank of India, Axis Bank, HDFC Bank, ICICI Bank, and Yes Bank cited suspicious payments in their decisions. The move comes after tax authorities sent notices to cryptocurrency investors warning that they must pay capital gains on their income from the virtual currency. For the few accounts still open, the banks have asked for more collateral, and have capped cash withdrawals."
"Yes, the blockchain is truly revolutionary. Yes, bitcoin is Tulipmania 2.0. Yes, cryptocurrency is a nail in the coffin of the bankster parasites. Yes, digital currency is a tool of the totalitarian tyrants. No, these statements are not contradictory. But don’t worry if you think they are. You’re just a victim of 'The Bitcoin Psyop.'"
"The SNB raked in ENORMOUS investment profits because they printed hundreds of billions of francs, which inflated the prices of assets that they themselves were buying. And today, because of those artificial investment gains that they engineered for themselves, the SNB is now the most profitable company in the world. Oh, and just so you know the other half of the story, while the central bank is raking in record profits, total debt in Switzerland has skyrocketed."
"In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities...Swiss National Bank."
"Now we wait for the next multi-billion asset freeze from some sovereign which not many will shed tears for... until one day, as the saying goes, they come to freeze your assets."
"This isn’t the first time a national bank has taken such a strong and aggressive stance against digital currency. Last October, many customers of TD Bank experienced severe delays and blocks to their accounts while trying to purchase bitcoin on Coinbase. PNC Bank has also begun taking measures against bitcoin by preventing customers from buying it directly through their bank accounts."
"The Labor Department has granted Deutsche Bank a waiver from punishment allowing it to continue to manage retirement accounts for another three years, according to an announcement in the Federal Registry last month. Four other banks convicted in the case were also granted waivers. Deutsche Bank has been a big lender to Trump over the years, and the president still has loans with the bank that were originally worth $300 million."
"Marvin Goodfriend thinks there should be a robust negative interest rate placed on cash. For example, if there was a -10% interest rate on cash, your $10 bill would actually be worth only $9. It is basically a penalty for using cash. The excuse is that this will stabilize the economy by keeping more capital in the banks. It means banks, and by extension, the Federal Reserve, have more control over your money. The gold standard, Goodfriend argues, was also an encumbrance on monetary policy, 'destabilizing' prices."