The key point here is that FTX was reportedlysiphoning off customer assets as collateral for loans, and then covering it with a token it made up and printed at will, drip-feeding only a fraction of its supply into the open market. The financial acrobatics between the two firms somewhat rese...
It’s kind of an interesting approach, just kind of a crowd funded way to do the loans there and it’s totally hands off which for me is kind of nice, but if there were any opportunities for me to actually help those businesses grow, I wouldn’t be able to do it. I’m not even...
This includes unionists taking the lead when negotiating with business and government, the government intervening to stop the breakdown of market prices, creating of Staatliche Bankenaufsicht (State Banking Supervision) to oversee the Reichsbank, and offering low interest government loans to struggling bu...
Note that if the economy tanked, it would be a few months before banks faced problems by people defaulting on loans and mortgages. So help might be needed in July, but they got trillions just as this downturn began! Recall the Fed had been giving them billions of dollars in near zero ...
There’s going to be a very large inflation here that’s going to squeeze the wage-earning class that already is falling behind in its home loans, in its student debt, in its credit card debt, in its bank debt. The worry of the stock market is there’s going to be a break in the...
Banking services were also available in ancient Rome, primarily aimed at merchants engaged in trade. Bankers known asargentariiprovided services such as deposits, loans, and currency exchange for clients. Argentarii were private Roman bankers who appeared inthe 3rd century BC. They were money changer...
Throughout the Empire, indigenous war-disabled had less access to administrative jobs, agricultural land and bank loans. This social policy, which was costly for France, was a priority because of the political imperative of showing gratitude for those who sacrificed themselves for the country, but...
The high risk behind this trade system can be observed through the debts and risks that traders settled in Macao incurred during the eighteenth and nineteenth centuries. In many cases the loans of silver reached an interest rate of 35% or even more (Ng 1983; Von Glahn 1996). TheSanta Casa...
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m not sure that this is going to really take off, now that Trump is accelerating the trade war. But basically, in America you have private banks extending credit to corporations. In China you have the government banks extending the loans. That saves China from having a financial crisis in ...