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Futuremash

US Will ‘Substantially’ Increase Taxes To Close $1,400,000,000,000 Budget Deficit, Says Ex-Treasury Secretary

The US government will impose "substantial" tax increases on its citizens to try and fix its $1.4 trillion deficit, according…

June 5, 2023

JPMorgan Launches Pilot Program for Blockchain Settlement System With Six Banks From India: Report

JPMorgan Chase & Co. is partnering with six Indian banks to launch a blockchain-based platform for settling interbank dollar transactions…

June 5, 2023

A Quarter of Global Central Banks Plan To Increase Gold Reserves As They Grow More Pessimistic on US Dollar: Report

New data shows nearly a quarter of all central banks are looking to hedge against the US dollar by accumulating…

June 4, 2023

$86,580,000,000 Enters US Banking System in One Week As Deposit Flight Reverses

New weekly numbers on US deposits are in, showing Americans are now increasing the amount of cash they're holding in…

June 4, 2023

US Banking System Will Lose Massive Chunks of Wealth From American Businesses Seeking Yield: Arthur Hayes

BitMEX founder Arthur Hayes says that US banks are about to take another hit, this time from businesses looking to…

June 4, 2023

US Dollar To Remain the Anchor Currency for Central Banks, Says Billionaire Chamath Palihapitiya

Billionaire Chamath Palihapitiya remains firm in his belief that the US dollar will continue to reign as the world's reserve…

June 4, 2023

After Depositing $1,000,000,000, Apple Banking Customers Are Struggling to Access Their Money

After depositing more than $1,000,000,000 in a matter of weeks, Apple savings account customers say they are now struggling to…

June 3, 2023

US Banking Crisis Triggers $756,000,000,000 Flood of Capital Into Cash Funds: Report

Financial titan Bank of America (BofA) says money market funds just witnessed a deluge of more than half a trillion…

June 3, 2023

US Congressman Moves To Stop CBDC ‘Dead in Its Tracks’, Introduces Bill To Block Federal Reserve

A Congressman in West Virginia's second district is introducing a new bill that would keep the Federal Reserve from carrying…

June 3, 2023

Americans Pull $472,000,000,000 Out of US Banks in Three Months As Depositors Exit in Historic Numbers

New numbers from the Federal Deposit Insurance Corporation (FDIC) show Americans are pulling their money at a pace not seen…

June 2, 2023