Former Federal Reserve chair Ben Bernanke said if the central bank takes “extraordinary steps” it could save the American economy. Bernanke also detailed that’s what he and the Fed did during the 2008 Great Recession. U.S. residents witnessed the Fed’s ‘extraordinary measures’ (QE) that took place back in 2008-2009, which led to massive Occupy Movement protests in 2012 against the ... In the previous years, the event has attracted leaders such as Sir Tim Berners-Lee who is seen as the inventor of the World Wide Web (WWW) as well as the former Fed Chairman Dr. Ben Bernanke. The upcoming Ripple conference will gather even more voices and will be an equal opportunity for people who want to learn more about the space – and the investors and traders looking for more insights. There is also Ben Bernanke, the former Federal Reserve Chair, who was also mentioned on the Bitcoin bears list. However, while Bernanke opposed Bitcoin from the start, at least he found the concept of blockchain technology to be interesting. He still sees BTC as an attempt to evade regulations and expects the government to crack down on it, which is unlikely to happen since the SEC itself ... Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether’s TUSD. Also known as BUSD, the token is traded almost exclusively on the Binance exchange and its market cap – which roughly corresponds to the total value of dollars deposited with its issuer,... Thanks to one Ben Bernanke, the whole financial world is afraid of a “deflationary spiral” that might occur, because money in the bank becomes worth more and more so why would you ever spend it! This was the big problem of the great depression, the deflationary spiral! Luckily the gold confiscation saved us from it! No; taken over a whole there was massive inflation. Investopedia lists the ... Posted in r/Ripple by u/Djangohohoho • 84 points and 28 comments
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