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Janet Yellen

jeffrey-tucker-says-dollar-will-be-dethroned,-russian-official-speaks-on-de-dollarization,-and-a-look-at-historic-fractional-reserve-banking-in-italy-—-week-in-review

Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review

Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion. Author and libertarian Jeffrey Tucker said recently: “The dollar’s just not going to be king,” and Russia’s […]

Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review Read More »

treasury-secretary-yellen-says-us-government-will-take-‘any-steps-necessary’-to-preserve-its-financial-dominance

Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance

According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate its Russian sanctions policy. U.S. Ready to Shore up Its Financial

Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance Read More »

bank-of-russia-has-stockpiled-reserve-comprised-of-non-us-sanctioned-assets,-governor-states

Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States

Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating new reserves in non-U.S. sanctioned assets. Russia Built Bank

Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States Read More »

russia-negotiating-free-trade-deal-with-india-to-facilitate-imports-in-the-face-of-sanctions

Russia Negotiating Free Trade Deal With India to Facilitate Imports in the Face of Sanctions

Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of India, with the country taking advantage of the discounted Russian crude. Russia and

Russia Negotiating Free Trade Deal With India to Facilitate Imports in the Face of Sanctions Read More »

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Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’ Read More »

shares-of-deutsche-bank,-other-euro-lenders-tumble

Shares of Deutsche Bank, Other Euro Lenders Tumble

Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank Credit Default Swaps Jump to 4-Year

Shares of Deutsche Bank, Other Euro Lenders Tumble Read More »

treasury-secretary-yellen-holds-unscheduled-meeting-with-top-financial-regulators-amid-turmoil-in-banking-sector

Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector

U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet

Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector Read More »

yellen-says-us-could-back-all-deposits-at-smaller-banks-if-needed-to-prevent-contagion

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion Read More »

us-lawmaker-urges-government-to-guarantee-all-deposits-to-avoid-runs-on-smaller-banks

US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks

A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller banks. “This is a contagion that could be spread across the entire banking system,”

US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks Read More »

moody’s-downgrades-us-banking-sector-to-negative-after-collapse-of-three-major-banks

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks Read More »