Nueva Democracia: DEC 15 20 ND SIT EC y POL

DEC 15 20 ND SIT EC y POL

ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco

ZERO HEDGE ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

RICKARDS: IS A GLOBAL LIQUIDITY CRISIS UNDERWAY?

...these trends have been growing stronger since March, indicating that pressures are building and a crisis may emerge as early as this October.

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WHY GOLDMAN PREFERS ETHER, JPM TURNS BULLISH AND MORE: KEY CRYPTO DEVELOPMENTS IN THE PAST WEEK

by Tyler Durden

"There appears little can stop the process of ethereum ‘flippening’ to take the top spot by market cap, even it takes years rather than months at current trajectories." [ See Charts ]

All those who have followed the writings of JPMorgan's Nick Panagirtzoglou and Josh Younger, for whom no bitcoin bashing opportunity was too small or too insigificant - a least until last Friday, when Panagirtzoglou finally admitted his bearishness was wrong and that there were "clear signs of rising institutional demand", sending bitcoin and ether to 3 month highs...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/jpm%20flows%20crypto_0.jpg?itok=QSrpdmt-

... may be surprised to learn recently the bank has been quietly distributing a report for its clients looking at all the top crypto developments without a negative bias.

So for those tired of listening to JPM's conflicted musing as it tries to create a lower entry point for its prop traders, here is nothing but facts from the Crypto Weekly report at the world's largest bank:

All major cryptocurrencies rose in the week. Notably, the prices of Bitcoin and Ether each rose by about 9% w/w to $44.4K and $3.1K, respectively, with most of the weekly rises occurring during last weekend. In fact, Bitcoin reached as high as $46.7K during the week which is its highest level since mid-May.
Cryptocurrency volumes surge w/w. Similar to the price of most cryptocurrencies rising w/w, volumes also increased sharply. The average daily volume (ADV) of Bitcoin and Ether both rose about 30% w/w (and are now up 50% m/m) while the ADV of dogecoin more than tripled from the prior week.
Spotlight: Coinbase’s (COIN) 2Q21 Earnings highlighted rising institutional adoption and its growing sophistication, while COIN maintained its growth momentum. Over 9,000 financial institutions are now clients of Coinbase and 10% of the top 100 hedge funds by AUM are now active users of Coinbase’s services.
Ethereum’s quarterly trading volume outpaced Bitcoin’s for the first time on Coinbase. The higher Ethereum trading volume is attributed to growth in the DeFi and NFT ecosystems as well as increased demand driven by ETH2 staking.
Crypto firm Circle intends to eventually become a “national digital currency bank”. However, the firm behind USDC has not yet filed with a bank regulator.
Messi’s contract reportedly includes cryptocurrency fan tokens worth an estimated €25-30mm from his new club PSG.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/jpm%20crypto%20highlights.jpg?itok=kShOBdVI

Key Takeaways from Coinbase’s 2Q21 Earnings Call

Strong pace of user growth. Coinbase’s monthly transacting users (MTU) grew to 8.8mm (+44% from 1Q21) and verified users stood at 68mm (up from 56mm in 1Q21). Institutional customers on the platform rose to 9,000 (up from 8,000 in 1Q21). Ecosystem partners on Coinbase who use its crypto tools and services to engage their own customers rose to 160K (up from 134K in 1Q21).
Ethereum trading volume outpaced Bitcoin’s for the first time. Ethereum trading volume amounted 26% of total 2Q21 trading volume, whereas Bitcoin’s trading volume amounted to 24%. The higher Ethereum trading volume is attributed to growth in the DeFi and NFT ecosystems, and increased demand driven by ETH2 staking. Overall, trading volume grew to $462B (up 38% q/q) in 2Q21.
Retail users are widening their scope of engagement. Coinbase’s 27% retail MTUs in 2Q21 (i.e. 2.4mm individuals) invested and engaged with at least one other non-investing products (up from 25% of 1Q21 retail customers of 1.5mm individuals). The incremental 0.9mm retail customers are majorly involved in Staking or Earn which allows them to earn rewards or yields on their crypto holdings.
Rising institutional adoption as over 9,000 financial institutions are now clients of Coinbase. The company also claimed that 10% of the top 100 hedge funds by assets under management are using Coinbase’s services. It has forged partnerships with Elon Musk, PNC Bank, SpaceX, Tesla, Third Point LLC, and WisdomTree Investments.
Institutional clients are demonstrating high sophistication. They are engaging with Coinbase as a single point of contact for trading, custody, lending, yield generation, and data. For institutional investors, liquidity is of paramount importance. Further, Coinbase has been providing global fiat payment networks, allowing institutional customers to reach new currencies and markets, improving their access to global liquidity pools.
Coinbase’s infrastructure is also being used by various financial firms to create their own crypto offerings. Traditional banks, asset managers, and fintechs are seeking Coinbase’s custody services.

There were several notable developments on the regulatory front, where the top event took place on Tuesday, when the US Senate passed the $1T Infrastructure Bill which has provisions for tax reporting requirements for the players in crypto industry. The bill requires crypto 'brokers' to report user data including their names & addresses. The bill define 'broker as anyone 'responsible for and regularly providing any service effectuating transfers of digital assets on behalf of another person'. This definition of 'broker' will include crypto miners and software developers even though many of them do not collect or have access to users' personal information. The crypto advocates say that this measure could harm crypto innovation happening in US. Treasury has been scrambling to explain to the House that it needs to amend the relevant section.

Continue reading at:

SOURCE: https://www.zerohedge.com/crypto/why-goldman-prefers-ether-jpm-turns-bullish-and-more-key-crypto-developments-past-week

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NIXON'S GOLD TREACHERY MADE ME A CYNIC

by James Bovard via The American Institute for Economic Research,

...from the economic wreckage, a new generation of cynics may arise who do a far better job of putting politicians back on a leash.

Fifty years ago, on August 15, 1971, President Richard Nixon announced that the U.S. government would cease honoring its pledge to pay gold to redeem the dollars held by foreign central banks. Nixon declared he was taking “action necessary to defend the dollar against the speculators.” But there was no way to defend the dollar against politicians. Nixon touted his default as therapy for his tormented fellow citizens, promising it would “help us snap out of the self-doubt, the self-disparagement that saps our energy and erodes our confidence in ourselves.” Nixon wrapped his decree with lofty political rhetoric, appealing to the nation’s “greatest ideals” and promising a “new prosperity” that “befits a great people.”

The dollar thus became a fiat currency – something which possessed value solely because politicians said so. Nixon spurred the Federal Reserve to create an artificial boom to boost his reelection campaign. To suppress the damage from a flood of new money, he imposed wage and price controls, making it a crime to raise prices without government permission.

Continue reading at:

SOURCE: https://www.zerohedge.com/economics/nixons-gold-treachery-made-me-cynic

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WALL STREET JOURNAL PROVES IT DOESN'T UNDERSTAND GOLD

Gold bugs should never assume that the mainstream investing community actually understands finance...

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US DOMESTIC POLITICS

Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

EVICTION MORATORIUM: A POSTMORTEM ON PRIVATE PROPERTY

The Founding Fathers did not include a universal pandemic exception in the Constitution... If eviction moratoriums are deemed a lawful intervention, why shouldn’t the seizing of private property be used to quell

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JUDGE ORDERS BIDEN ADMINISTRATION TO RESUME 'REMAIN IN MEXICO' POLICY

The stoppage of the policy has contributed to the border crisis, ruling says

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BIDEN TO ADDRESS CRISIS IN AFGHANISTAN "IN NEXT FEW DAYS"

Probably a good idea.

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The immune system prevent infection, not masks. A Dr said there D3 & E for kids

WHERE SCHOOLS HAVE TO FOLLOW MASK MANDATES

Tensions are running high in U.S. states which are banning mask requirements in schools..

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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)