Bitcoin falls below $50,000

from RT

Bitcoin, the world’s largest cryptocurrency by market capitalization, has shed more than 10% of its value in one day, amid a global stock market crash that has affected the cryptocurrency market, according to trading data.

The price of Bitcoin has fallen below $50,000 for the first time since February, hitting a low of $48,126 at 08:41 GMT on Monday. It has recovered slightly since then.

In late July, Bitcoin traded at above $62,000, and in March, it briefly touched an all-time high of $70,136...

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The Dow Jones plunges over 1,000 points as markets are rocked by U.S. economy fears

from NPR

Stocks fell sharply Monday, as worries about the U.S. economy sparked a world-wide sell-off.

Market jitters that began with last week's weaker-than-expected jobs report spread to Europe and Asia, as investors worry that the world's largest economy — long a pillar of global growth — is beginning to show some cracks.

The Dow Jones Industrial Average tumbled more than 1000 points in early trading. Japan's Nikkei average suffered its worst day since 1987, falling more than 12%...

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Global stock market crash

from RT

Stock markets went into a meltdown on Monday amid fears that the US could be heading for a recession, pushing investors into panic-selling mode, market data shows.

The US has seen an unexpected rise in the unemployment rate, according to July payrolls report unveiled on Friday. This led to markets betting on the Federal Reserve cutting rates in September by a full 50 basis points, and sparked debate among economists about the overall health of the US economy, with its enormous influence in the global financial market.

US stocks closed sharply down on Friday, with the technology-heavy Nasdaq Composite falling into correction, but Monday kicked off with new drops...

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As No One Watched, Trump Pardoned 5 Megabanks For Corruption Charges—Who He Owes Millions

from Free Thought Project

While Americans celebrated the holidays, President Trump followed in the footsteps of his predecessors by acting in the interest of Wall Street and using the distraction to do something that was not in the best interest of the American people. He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them.

...  During the week of Christmas, the Federal Register announced that the Trump Administration had issued waivers to Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank—all megabanks facing charges of fraud and corruption.

The banks were involved in the LIBOR Scandal, in which they colluded to deliberately depress the rate at which they paid out on investments. By suppressing the London Interbank Offered Rate (LIBOR) at the beginning of an economic crisis in 2007, the megabanks were able to boost their earnings and to give their customers a false sense of security...

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DOW Dropped 653 Points on Monday: Is Wall St Blackmailing Trump?

They have done this many times in the past. When the financial oligarchs don't get what they want, they don't have to hold a gun to a president's head anymore to make him change course. Now they have so much power and wealth and control of the market itself (with high speed trading computers) they can actually hold a gun to ours instead. They did it before with TARP. Are they doing it with Syria today?

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