Recap August 16: Colapse of Dollar most on record – New Govt Bitcoin (Recap Ep084)

In this week’s recap, we found that the American dollar is headed for an 8th consecutive week of losses, its longest weekly losing streak since June 2010. It is due to the rapid run-up in government debt, exceptionally low interest rates, the ongoing rise in coronavirus cases, with the resulting economic fallout. The Federal Reserve Bank of Boston is collaborating with researchers at MIT in a multi-year effort to build & test a hypothetical digital currency, oriented to central bank uses thus [...]