If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cSo I think you\u2019re in the part of the cycle where you\u2019ve had the tightening and then the dominoes are beginning to fall. And I think that that\u2019s going to produce more problems.<\/em><\/p>\n\n\n\n I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ray Dalio, the billionaire founder of one of the world\u2019s largest hedge funds, Bridgewater Associates, was recently\u00a0interviewed<\/a>. He explains that the United States' $31.45T debt may have to be resolved by printing more money, also referred to as currency debasement.<\/p>\n\n\n\n \u201cSo I think you\u2019re in the part of the cycle where you\u2019ve had the tightening and then the dominoes are beginning to fall. And I think that that\u2019s going to produce more problems.<\/em><\/p>\n\n\n\n I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As more countries consider launching their own digital currencies, the digital pound may help solidify Britain's position as a leader in financial innovation. <\/p>\n","post_title":"Race Towards Financial Innovation; Britain Contemplates Introducing \u201cDigital Pound\u201d","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"race-towards-financial-innovation-britain-contemplates-introducing-digital-pound","to_ping":"","pinged":"","post_modified":"2023-05-15 16:17:25","post_modified_gmt":"2023-05-15 06:17:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11724","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11422,"post_author":"12","post_date":"2023-05-02 17:50:37","post_date_gmt":"2023-05-02 07:50:37","post_content":"\n Ray Dalio, the billionaire founder of one of the world\u2019s largest hedge funds, Bridgewater Associates, was recently\u00a0interviewed<\/a>. He explains that the United States' $31.45T debt may have to be resolved by printing more money, also referred to as currency debasement.<\/p>\n\n\n\n \u201cSo I think you\u2019re in the part of the cycle where you\u2019ve had the tightening and then the dominoes are beginning to fall. And I think that that\u2019s going to produce more problems.<\/em><\/p>\n\n\n\n I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Moving towards CBDC is an exciting development for the UK economy, offering a secure and efficient payment method for the digital age. While it won't replace cash anytime soon, it could provide an alternative for those who prefer digital transactions and a host of potential benefits, including faster and cheaper payments, increased security, and increased convenience. However, some challenges must be addressed before the digital pound can be successfully introduced, such as the need for new technology and regulation.<\/p>\n\n\n\n As more countries consider launching their own digital currencies, the digital pound may help solidify Britain's position as a leader in financial innovation. <\/p>\n","post_title":"Race Towards Financial Innovation; Britain Contemplates Introducing \u201cDigital Pound\u201d","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"race-towards-financial-innovation-britain-contemplates-introducing-digital-pound","to_ping":"","pinged":"","post_modified":"2023-05-15 16:17:25","post_modified_gmt":"2023-05-15 06:17:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11724","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11422,"post_author":"12","post_date":"2023-05-02 17:50:37","post_date_gmt":"2023-05-02 07:50:37","post_content":"\n Ray Dalio, the billionaire founder of one of the world\u2019s largest hedge funds, Bridgewater Associates, was recently\u00a0interviewed<\/a>. He explains that the United States' $31.45T debt may have to be resolved by printing more money, also referred to as currency debasement.<\/p>\n\n\n\n \u201cSo I think you\u2019re in the part of the cycle where you\u2019ve had the tightening and then the dominoes are beginning to fall. And I think that that\u2019s going to produce more problems.<\/em><\/p>\n\n\n\n I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The digital pound is not intended to replace cash. The government recognizes that cash is important to many people and will continue to issue banknotes as long as they demand them.<\/p>\n\n\n\n Moving towards CBDC is an exciting development for the UK economy, offering a secure and efficient payment method for the digital age. While it won't replace cash anytime soon, it could provide an alternative for those who prefer digital transactions and a host of potential benefits, including faster and cheaper payments, increased security, and increased convenience. However, some challenges must be addressed before the digital pound can be successfully introduced, such as the need for new technology and regulation.<\/p>\n\n\n\n As more countries consider launching their own digital currencies, the digital pound may help solidify Britain's position as a leader in financial innovation. <\/p>\n","post_title":"Race Towards Financial Innovation; Britain Contemplates Introducing \u201cDigital Pound\u201d","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"race-towards-financial-innovation-britain-contemplates-introducing-digital-pound","to_ping":"","pinged":"","post_modified":"2023-05-15 16:17:25","post_modified_gmt":"2023-05-15 06:17:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11724","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11422,"post_author":"12","post_date":"2023-05-02 17:50:37","post_date_gmt":"2023-05-02 07:50:37","post_content":"\n Ray Dalio, the billionaire founder of one of the world\u2019s largest hedge funds, Bridgewater Associates, was recently\u00a0interviewed<\/a>. He explains that the United States' $31.45T debt may have to be resolved by printing more money, also referred to as currency debasement.<\/p>\n\n\n\n \u201cSo I think you\u2019re in the part of the cycle where you\u2019ve had the tightening and then the dominoes are beginning to fall. And I think that that\u2019s going to produce more problems.<\/em><\/p>\n\n\n\n I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The digital pound is not intended to replace cash. The government recognizes that cash is important to many people and will continue to issue banknotes as long as they demand them.<\/p>\n\n\n\n Moving towards CBDC is an exciting development for the UK economy, offering a secure and efficient payment method for the digital age. While it won't replace cash anytime soon, it could provide an alternative for those who prefer digital transactions and a host of potential benefits, including faster and cheaper payments, increased security, and increased convenience. However, some challenges must be addressed before the digital pound can be successfully introduced, such as the need for new technology and regulation.<\/p>\n\n\n\n As more countries consider launching their own digital currencies, the digital pound may help solidify Britain's position as a leader in financial innovation. <\/p>\n","post_title":"Race Towards Financial Innovation; Britain Contemplates Introducing \u201cDigital Pound\u201d","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"race-towards-financial-innovation-britain-contemplates-introducing-digital-pound","to_ping":"","pinged":"","post_modified":"2023-05-15 16:17:25","post_modified_gmt":"2023-05-15 06:17:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11724","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11422,"post_author":"12","post_date":"2023-05-02 17:50:37","post_date_gmt":"2023-05-02 07:50:37","post_content":"\n Ray Dalio, the billionaire founder of one of the world\u2019s largest hedge funds, Bridgewater Associates, was recently\u00a0interviewed<\/a>. He explains that the United States' $31.45T debt may have to be resolved by printing more money, also referred to as currency debasement.<\/p>\n\n\n\n \u201cSo I think you\u2019re in the part of the cycle where you\u2019ve had the tightening and then the dominoes are beginning to fall. And I think that that\u2019s going to produce more problems.<\/em><\/p>\n\n\n\n I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Ray Dalio; The Federal Reserve Is Setting Off A \u201cTerrible Calamity\u201d<\/a><\/p>\n\n\n\n United States Treasury Secretary, Janet Yellen, wrote to House Speaker Kevin McCarthy;<\/p>\n\n\n\n \"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government\u2019s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.<\/em><\/p>\n\n\n\n If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected<\/a><\/p>\n\n\n\n Yellen warned that waiting until the last minute to take action on this issue would cause harm to \"business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.\"<\/em> Yellen believes that defaulting on their debt would be a financial catastrophe, raising the cost of borrowing without an end, making future investment \"substantially more costly.\u201d<\/em><\/p>\n","post_title":"United States May Fund Its Deficit By Printing More Money; Could Default By June 1st","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-fund-its-deficit-by-printing-more-money-could-default-by-june-1st","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:05","post_modified_gmt":"2023-05-04 03:04:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11422","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The digital pound is not intended to replace cash. The government recognizes that cash is important to many people and will continue to issue banknotes as long as they demand them.<\/p>\n\n\n\n Moving towards CBDC is an exciting development for the UK economy, offering a secure and efficient payment method for the digital age. While it won't replace cash anytime soon, it could provide an alternative for those who prefer digital transactions and a host of potential benefits, including faster and cheaper payments, increased security, and increased convenience. However, some challenges must be addressed before the digital pound can be successfully introduced, such as the need for new technology and regulation.<\/p>\n\n\n\n As more countries consider launching their own digital currencies, the digital pound may help solidify Britain's position as a leader in financial innovation. <\/p>\n","post_title":"Race Towards Financial Innovation; Britain Contemplates Introducing \u201cDigital Pound\u201d","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"race-towards-financial-innovation-britain-contemplates-introducing-digital-pound","to_ping":"","pinged":"","post_modified":"2023-05-15 16:17:25","post_modified_gmt":"2023-05-15 06:17:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11724","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11422,"post_author":"12","post_date":"2023-05-02 17:50:37","post_date_gmt":"2023-05-02 07:50:37","post_content":"\n Ray Dalio, the billionaire founder of one of the world\u2019s largest hedge funds, Bridgewater Associates, was recently\u00a0interviewed<\/a>. He explains that the United States' $31.45T debt may have to be resolved by printing more money, also referred to as currency debasement.<\/p>\n\n\n\n \u201cSo I think you\u2019re in the part of the cycle where you\u2019ve had the tightening and then the dominoes are beginning to fall. And I think that that\u2019s going to produce more problems.<\/em><\/p>\n\n\n\n I think when it comes down to it, there\u2019s just too much debt, and we\u2019re adding to it too quickly\u2026 Either that debt will be paid off with hard money, in which case there\u2019s not much printing and so on, or it will be paid off with printing a lot of money to make it easier to pay off. <\/em><\/p>\n\n\n\n I think in the end, it\u2019s always the case that they print a lot of money in and make it easier to pay off, but you have the reduced value of money.\u201d<\/em><\/p>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Could The United States Default By June?<\/h2>\n\n\n\n
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Will The Digital Pound Replace Cash?<\/h2>\n\n\n\n
Could The United States Default By June?<\/h2>\n\n\n\n
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![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/05\/Picture1.png\")
<\/figure>\n\n\n\nWill The Digital Pound Replace Cash?<\/h2>\n\n\n\n
