United States

New cryptocurrencies are emerging almost daily, and many interested parties are wondering whether central banks should issue their own versions. But what might central bank cryptocurrencies (CBCCs) look like and would they be useful? This feature provides a taxonomy of money that identifies two types of CBCC - retail and wholesale - and differentiates them from other forms of central bank money such as cash and reserves.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Review & Update

Two weeks ago, I noted:

In its latest annual summary published at the end of June, the IIF found that total nominal global debt had risen to a new all time high of $217 trillion, or 327% of global GDP...

... largely as a result of an unprecedented increase in emerging market leverage.

During an appearance CNN’s “State of the Union” Sunday morning, US Ambassador to the United Nations Nikki Haley admitted something that most of the international community – perhaps including Kim Jong Un himself – has known for weeks: The United Nations Security Council has just about reached the limit of its ability to economically punish North Korea.  

One week ago we wrote that in "The Race For Deir Ezzor: US And Syrian Forces Are About To Collide", explaining that "as ISIS continues to rapidly collapse in its last two strongholds (Raqqa and Deir Ezzor cities), the competition for recovery of territory seems in full gear between the US-SDF and Syria-Russia alliances." More importantly, "Deir Ezzor province happens to be Syria's most oil-rich territory, which means the future of some of Syria's largest oil fields remains up for grabs."