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Former ‘Plunge Protection Team’ Member Warns “Blockchain Is Freaking Governments Out”

Dr. Pippa Malmgren, a US policy analyst and former member of the Working Group on Financial Markets, a government entity better known by its nickname, the “Plunge Protection Team,” appeared on Erik Townsend’s MacroVoices podcast to discuss bitcoin and the European refugee crisis, while also offering some clues about how the PPT, famous for its secrecy, operates.

Janet Yellen: False Prophet of Prosperity

The US economy is already faced with several bubbles that could implode at any time. These include bubbles in student loans and automobiles sales, and even another housing bubble. The most dangerous of these bubbles is the government bubble caused by excessive spending. According to a 2016 study by the Mercatus Center, at least four states could soon join Puerto Rico and Illinois in facing bankruptcy.

These Days Young Men In America Are Working A Lot Less And Playing Video Games A Lot More

In the old days, most young men in their twenties would be working hard, starting families and becoming solid members of their communities.

Hackers nab $32mn in ethereum cryptocurrency

Some $32 million worth of ether cryptocurrency has been stolen by hackers. Ether, a digital currency, resides on the ethereum network and is now a rival to Bitcoin. The monumental theft was carried out due to a bug on a wallet software program.

Does a Falling Money Supply Cause Recessions?

When a central bank expands the money stock, it does not enlarge the pool of funding. It gives rise to the consumption of goods, which is not preceded by production. It leads to less means of sustenance.