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Crypto Master 786
9. nov. 2024
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Crypto Master 786
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#USDT China, Japan and UK Dump $81,000,000,000 in US Treasuries in Just One Month As China Pours Capital Into Gold China, Japan and the UK are dumping billions of dollars in US Treasuries. New numbers from the Treasury Department show the three nations collectively slashed their holdings by $81 billion in December. China unloaded $9.6 billion in Treasuries, reaching its lowest holdings since 2009 at $759 billion. Japan sold off $27.3 billion in bonds, with the nation now holding $1.0598 trillion in Treasuries, the most of any single country. And the UK also pared back in a major way, leading the pack with $44.1 billion in Treasury sales, reaching a total holdings of $722.7 billion. This trio’s retreat from US debt, combined with China’s aggressive gold accumulation, underscore concerns about a potential strategic shift away from US dollar assets as America faces a $2 trillion deficit and mounting borrowing costs. The moves also come as yields on 10-year Treasuries hover near 4.5%, testing demand as the Federal Reserve continues its quantitative tightening, offloading $60 billion in Treasuries each month. After a six-month pause, China resumed buying gold in November of last year. And the buying continued in December, with China’s central bank adding about ten tons of gold reserves in the month for a total of 2,280 tons by year-end, according to data from the the World Gold Council. More interesting news — subscribe $USDC
21. feb.
#scamriskwarning Hackers Drain Bank Accounts in New Global Attack on Apple and Google Android Devices Hackers are reportedly draining bank accounts and stealing smartphone users’ credentials using a new and highly effective technique. Cybersecurity researchers say criminals are now sending text messages that appear to be from banks and delivery services – with malicious PDF files attached, reports Samsung Magazine. The PDFs either contain links that exploit security flaws and install malware or links that send users directly to fake bank websites, enticing people users to enter their login details. Victims across the US, Germany, and the UK have already suffered financial losses after opening the fraudulent PDFs. Researchers say people tend to trust PDFs more than links, and the method increases the chances of users falling for the scam. Although SMS phishing and email-based PDF attacks have existed for years, the tactic of sending malicious PDFs directly via SMS texts is a new twist. To stay safe, security experts recommend both Apple and Android users avoid opening PDFs from unknown senders, verify messages with official sources, keep smartphones updated and use antivirus software to prevent malware infections. More interesting news — subscribe
21. feb.
#usd US Government Sends $162,000,000,000 in Erroneous Payments in Just One Year: Report The U.S. Government Accountability Office (GAO) says the federal government made massive payment errors during the 2024 fiscal year. In a new report, the congressional watchdog says the total dollar value of the government’s “improper payments” hit $162 billion. According to the GAO, payment errors can be anything between unintentional administrative errors and fraud. They can be payments in excess of what is due or underpayments where recipients did not receive the money they were due. They can also be unknown payments where an agency cannot determine whether the bill is proper or improper due to documentation issues or technically improper payments where recipients got the correct amount of money but the payout did not meet one or more government requirements. Says the GAO, “The fiscal year 2024 government-wide total of reported improper payment estimates was $162 billion, but it did not include estimates for certain government programs. Twelve of the 24 agencies covered by the Chief Financial Officers Act of 1990 reported material weaknesses or significant deficiencies in information system controls.” The GAO says improper payments or payment errors are a material weakness that needs to be resolved given that the federal government spent $1.8 trillion more than it made in the 2024 fiscal year, which ran from October 1st, 2023 to September 30th, 2024. The watchdog is now calling on federal agencies to revamp its bookkeeping protocols to help alleviate the country’s dire financial issues. “It is vital that the United States remains in a strong economic position to meet its social and security needs, as well as to preserve flexibility to address unforeseen events such as an economic downturn or large-scale disaster.” At time of writing, the US national debt stands at $36.22 trillion. More interesting news — subscribe $USDC
17. feb.
#JPMorgan Russia Sent $5,000,000,000 Through JPMorgan Chase and Citigroup in Alleged Scheme To Evade Sanctions: Report Russia reportedly sent a whopping $5 billion through banking giants JPMorgan Chase and Citigroup in a scheme to skirt US sanctions. According to a report from the Wall Street Journal citing “people familiar with the matter,” investigators at the Justice Department (DOJ) believe Russia used a state-controlled bank to move billions of dollars through correspondent US banks and ultimately into Turkey – disguising the massive transfers as funding for a nuclear plant. Russia is accused of using unsanctioned entities including Gazprombank, a state lender that allows European countries to import fuel from Russia, in an attempt to establish an offshore dollar fund at Turkey’s state-owned Ziraat Bank. A DOJ investigation found Gazprombank shifted $3 billion through Citibank and $2 billion through JPMorgan. The large payments triggered alarms at the DOJ, prompting authorities to block and freeze the $2 billion Chase transaction. The DOJ filed a civil forfeiture suit last year to seize the frozen $2 billion. But the White House reportedly asked the DOJ to back off amid concerns that the order might antagonize Turkey – a country serving major importance for US interests in the Middle East. The DOJ also says it is not probing JPMorgan or Citi for any wrongdoing in facilitating the billion-dollar transfers. More interesting news — subscribe $USDC
16. feb.
#DOGE DOGE SLASHES $982M IN WASTE—EDUCATION BUREAUCRATS PANIC Elon’s DOGE just saved taxpayers $982 million by cutting wasteful spending in the Department of Education. A staggering $881 million was axed from 89 bloated contracts, including unnecessary studies on “teaching strategies” and “educational trends.” Another $101 million was saved by eliminating DEI training grants. Trump: “Nobody had any idea it was that bad, that sick, and that corrupt.” Trump signed an executive order directing all federal agencies to work with Elon’s team to root out waste, fraud, and abuse. Meanwhile, D.C. bureaucrats are in full meltdown mode, staging protests to “Save the Civil Service.” But the truth is clear—Trump and Elon are delivering real results, cutting waste, and putting money back where it belongs: with the American people. And this is just the beginning. Source: Daily Mail
12. feb.
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