Tell it like I see it…my weekly news collection

Weekly news collection of April 24, 2020

Blockchain and Security Tokens

Crypto, Money and Central Bank Digital Currencies

  • The Dutch Central Bank takes officially a favourable position towards the issuance of a Euro CBDC and candidates itself for the leading role. Interestingly a CBDC — issued directly into citizens wallets — might open the door to an interesting “default” store of value proposition for citizens which nowadays does not exist. Say you have stress in the banking system and are worried about the balance on your account, you can quickly move the balance into a safer CBDC wallet. From there you can invest into other assets as you like. All frictionless, efficiently, rapidly and cost effectively.
  • All this while China starts testing on retail shops the use of its CBDC, the digital Yuan.


  • The second article below points out the lack of mass adoption in retail commerce. This is certainly true but even if BTC denomination — as suggested in the article — can be one of the causes for the lack of adoption, there is more to it. Chiefly, I think is the lack of a really user friendly app for the average potential user. My mom can not use a hardware wallet but she knows how to use Telegram on her mobile phone.


  • Europe´s PMI index fell an astonishing 74%. The biggest fall in history since the index was first recorded.
  • In an historical event on April 20, the May 2020 WTI crude oil futures contract plunged to a record negative of -$40.32 a barrel and settled at -$37.63. The anomaly was caused by lack of storage at Cushing Oklahoma where delivery of the futures contract is done. The technical reasons are explained below.

European Union or better…disunion

  • So, while Merkel may have won this latest battle in the end she may lose the war for the EU. And, in the ultimate irony, the people of Europe may have her to thank for their deliverance from its dysfunction.”
  • The moment of truth has come, as Evans-Pritchard calls it — and nothing has happened as I have suspected. They kicked the can down the road again by issuing the usual press releases of a successful package worth €500 billion put together (but still all the terms must be agreed and maybe something will happen in June…maybe). Nothing new, just more debt, more interest to pay, no common bonds, no monetization of national bonds by the ECB. As far as Italy is concerned, the only way — again and again — is to leave the €uro, not tomorrow, not after tomorrow, NOW. Unfortunately Italy lacks brave and competent politicians, leaders with a vision. It is rather governed by a corrupted gang of EU appointed vassals.

Covid-19 conspiracy theories and reality — connect the dots

Covid-19 Liabilities and Law suits against China

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