USD 3 Trillion Corporation State Street Goes Crypto
US-based financial giant State Street aims to enter the crypto trading market in the middle of this year.
Economic CRISIS in America: Big Signal for India?
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VIDEO INTRODUCTION: On 1 st of June of 2023, the United States of America was expected to default on its debt!!! and after a long debate of whether they will or they will not, finally the United States has now suspended its debt ceiling and prevented default!! and while most people might think the US default problem is over, what we fail to see is that this is a very very big indicator of the US dollar weakening, and the fact that the US economy is not far from breaking down!!
in fact, if you look at their debt to GDP ratio, while 77% of Debt of GDP is considered to be the limit of safety for Debt to GDP ratio, India stands at 83%, UK stands 99% and US stands at 134%
and if you look at this graph, this is the highest debt to GDP ratio US has ever touched in the past 150 years and today its more than the times of great depression, both the world wars and even covid!! and every time they reached the debt ceiling they have increased it further!!!
and they have increased the debt ceiling not once not twice for the 78 times since the 1960s!!
So even though the US got away again, with Russian aggression, Chineese power and the India’s fast-growing influence, one day United states will default!! and when they do, it will not just shake the world economy but will also be a pivotal moment in the world history which might result in a shift of power!!
So as students of business, it is very very important to study this macroeconomic situation, because this moment will affect everything starting from, world powers to the stock market to every single commodity in the international market!!!
So in this episode, let’s try to understand,
What the hell is a debt ceiling?
Why is so important in the context of US?
What happens when a country violates its debt ceiling?
and in the next 10 years, if the US defaults, how will affect the world economy?
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Ripple XRP – Over $100,000 For XRP Holders In 2024! (MUST WATCH NOW)
Ripple XRP – Over $100,000 For XRP Holders In 2024! (MUST WATCH NOW)
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In this video, XRP (Ripple) is discussed. See the XRP News, what XRP Ripple is, and how you can become rich with XRP (Ripple). Xrp is a public blockchain platform. Ripple is an open-source protocol for a payment network, based on an idea by web developer Ryan Fugger, businessman Chris Larsen and programmer Jed McCaleb. It is being further developed by Ripple Labs. Xrp Ripple was founded 2012 by Brad Garlinghouse and Chris Larsen.
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Fidelity joins push for spot bitcoin ETF, and Coinbase responds to SEC lawsuit: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Rich Rines, contributor at CoreDAO, discusses what institutional adoption of crypto means for bitcoin.
00:00 – CNBC Crypto World, June 29, 2023
0:27 – Crypto trades flat
0:41 – The headlines
3:02 – Core DAO contributor Rich Rines
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What’s the future of crypto?
The financial revolution once promised by cryptocurrencies has been knocked off course by regulators and allegations of fraud. So what does the future hold for crypto?
Cypherpunk stills and Eric Hughes interview under creative commons licence: https://econ.st/3Iijagn
00:00 – The crypto party is over
01:06 – The history
03:30 – What is crypto?
04:38 – Uses around the world
06:07 – Layer 2 solutions
07:12 – Web3
08:51 – Data and privacy
10:04 – What is the future of crypto?
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