Jul 012017
 
BIJAN SHAHROKHI JUNE 18, 2017 2:33 PM   With the recent surge in value of cryptocurrencies, ordinary people and traditional investment firms are paying more attention to the space. The market cap of cryptocurrencies has grown from less than $30 billion in March 2017 to over $110 billion in June 2017, and this is just the beginning. Cryptocurrencies are quickly becoming a new global market for assets, similar to stocks, bonds, mutual funds, and government backed-currencies.   But the immediate settlement of currency transfer on blockchains (such as Bitcoin and Etherium) is a double-edged sword. On the one hand, it’s incredibly efficient at money movement; on the other, it allows bad players to transfer your cryotcurrency with the same speed. And if the wrong person gets unauthorized access to your cryptocurrency holdings and transfers the currencies to their own wallet, there will be no getting it back.   As a result, among new investors in the space, there is a concern about giving money to new, unproven, and non-regulated online-only cryptocurrency wallet providers. And that opens up an opportunity for traditional banks. You already trust them with your life savings, so you will likely trust them with your cryptocurrency holdings.   It would take an enormous investment for banks to move into this space. But here are some reasons they should consider it:   They can address a real pain point for their customers: Cryptocurrency investors are concerned about trusting recently established organizations to hold their assets. Banks are reliable alternatives because people trust them. Banks entering this space will solve a real financial problem for their customers and will deepen and reinforce their relationship.   They will stay relevant: Cryptocurrencies such as Bitcoin might become more popular than government backed currencies one day. The only way for a bank to stay relevant in that future is to secure their relationship with the cryptocurrency holder today. As time goes on, new players will slowly earn a reputation for safety and security and will present a threat to existing financial institutions. Now is the time for banks to secure those relationships while they still have an advantage over existing and entering players.   They will start learning by doing: Cryptocurrencies are here to stay. Banks must start learning how these markets operate and discover the right business models for their organizations before fintech companies make them irrelevant. A great way to (more…)
Aug 072013
 
  Leverage for Banks Seen Impeded by Fed Rules on Basel III: Taxes Bloomberg The rules, which will force companies to perform a far more complex calculation of deferred tax assets and liabilities, are part of the heightened capital standards for U.S. banks known as Basel III — rules drawn up by global regulators intended to … Union Bank to raise Rs 3000 cr equity to meet Basel–III normsEconomic Times Basel III can affect SME loans, financing may become more expensiveThe Star Online Europe’s Build-Up to Basel IIIwww.waterstechnology.com Lexology (registration) –DealCurry all 19 news articles   …read more   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 172011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=iqeTComdm5A How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=4GH4OElpZtM How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=6MwHgpFSQMo How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/ How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=vH1M1QaM6SY How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=0-O_yGEI_0U How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 142011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=lG7Jjb0cw9o How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/         Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 142011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=pp7tiySCyb4   How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/     Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 132011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=_doYllBk5No How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)