HOW MARKET DEMAND FOR BITCOIN MIGHT BE AFFECTED BY FAILED MONETARY POLICY

Ljiljana Tatic
Nicosia, 13.07.2016.all-the-worlds-money-and-markets-dv

All of the World’s Money and Markets in One Visualization How much money exists in the world? Strangely enough, there are multiple answers to this question, and the amount of money that exists changes depending on how we define it. The more abstract definition of money we use, the higher the number is. In this data visualization of the world’s total money supply, we wanted to not only compare the different definitions of money, but to also show powerful context for this information. That’s why we’ve also added in recognizable benchmarks such as the wealth of the richest people in the world, the market capitalizations of the largest publicly-traded companies, the value of all stock markets, and the total of all global debt. The end result is a hierarchy of information that ranges from some of the smallest markets (Bitcoin = $5 billion, Silver above-ground stock = $14 billion) to the world’s largest markets (Derivatives on a notional contract basis = somewhere in the range of $630 trillion to $1.2 quadrillion). In between those benchmarks is the total of the world’s money, depending on how it is defined. This includes the global supply of all coinage and banknotes ($5 trillion), the above-ground gold supply ($7.8 trillion), the narrow money supply ($28.6 trillion), and the broad money supply ($80.9 trillion). All figures are in the equivalent of US dollars.

 

If all cash money will be replaced with crypto currency, and even if Central Bank lose its clearinghouse monopoly and bitcoin is spread everywhere, the CB can still exert itself over the economy because it issues the one special asset that defines the unit of account: reserves. Central Bank monetary policy can still exist in a world without central bank money.

While bitcoin could one day shut down most of the roles that the Central Bank plays, the monetary policy will most probably stay intact. The reason for this is that the no matter what happens to all its other functions, the Central Bank will continue to define the economy’s unit of account.

Small minorities of transactions are made with bitcoin so far. Most of these transactions are rarely priced in terms of bitcoin. Rather, a merchant’s website typically display prices in terms of dollars, and then compute the amount of bitcoin that a customer must fork over by referring to the current dollar-to- bitcoin exchange rate. The dollar is very much the unit of account in the US, not bitcoin. In Europe even less.

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Како је ЕУ упропастила Кипар (табеле, докази)

dejan-mirovic-medija-centar Пише: Дејан Мировић
НСПМ, 16. јун 2015.

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Кипар после потписивања Споразума о придруживању са ЕЕЗ 1972-1990.
Године 1972. Република Кипар је потписала Споразум о придруживању са Европском економском заједницом. Споразум је ступио на снагу 1. јула 1973. године. Након нешто мање од годину дана, Турска је извршила инвазију на Републику Кипар. Прецизније, 20. јуна 1974. турске снаге су напале северни део острва. Операција је названа “Мир 1974″. Турској армији од око 40.000 људи се придружило и око 20.000 Турака са острва. Кипарски Грци су се бранили са око 40.000 људи.
Борбе су трајале све до августа 1974. Легалне власти у Никозији су доживеле тежак пораз. Имали су око 6.000 рањених и мртвих, а нестало је око 3.000 људи. (Британске трупе на острву су остале у својим базама током сукоба јер је то тражио од њих амерички државни секретар Кисинџер). Турци су освојили читав северни део острва, укључујући и луке где је грчко становништво било у већини или око 40 % територије Републике Кипар. [1] Протерано је око 200.000 Грка. Continue reading

Ranking of economies – Doing Business – World Bank Group

Economy Rankings

Economies are ranked on their ease of doing business, from 1–189. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2014. via Ranking of economies – Doing Business – World Bank Group.

 

China Aims For Official Gold Reserves At 8500 Tonnes

Submitted by Koos Jansen via BullionStar.com,

China should accumulate 8,500 tonnes in official gold reserves, more than the US, according to Song Xin, President of the China Gold Association, General Manager of the China National Gold Group Corporation and Party Secretary. He wrote this in an opinion editorial published on Sina Finance July 30, 2014. Gold is money par excellence in all circumstances and will help support the renminbi to become an international currency as “gold forms the very material basis for modern fiat currencies”, Song notes. In the short term the Chinese will not back the renminbi with gold (establish a fixed renminbi price for gold), but support it with gold so it has sufficient credibility for the world to accept it as a trade and reserve currency.

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Google Ventures and the Search for Immortality

Bill Maris has $425 million to invest this year, and the freedom to invest it however he wants. He’s looking for companies that will slow aging, reverse disease, and extend life.

Bill Maris/Ian Allen/Bloomberg Markets

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Bank of Cyprus sells Serbian loans to Pireaus

Bank of Cyprus sells Serbian loans to Pireaus

Bank of Cyprus has sold loans extended to Serbian real estate company Robne Kuce Beograd to Piraeus Bank of Greece, it said on Thursday.

The sale continues the gradual deleveraging and retrenching from years of overseas expansion by Bank of Cyprus after it was forced to convert large deposits to equity and recapitalise last year. Its shares have been suspended from equity trading for more than a year.

The bank, which sold its Greek operations to Pireaus in March 2013, said the sale consideration amounted to approximately 165 million euros.

The realised accounting gain from the transaction was 27 million euros, with a positive impact of about 46 million, or 0.2 percentage points on the group’s core Tier 1 capital ratio.

As part of a 10 billion euro international bailout for Cyprus last year from the EU and IMF, Bank of Cyprus was also forced to absorb some assets of now-defunct Laiki Bank. The Serbian loans were part of those legacy assets. (Reuters) May 22, 2014