Tuesday, June 6, 2023

It’s important to work on developing effective communication skills. You should strive to be clear, honest, and respectful in all your interactions with other people. This means listening carefully to what the other person is saying rather than immediately jumping in with a response. Showing an interest in the conversation can help create a better connection between you and whomever you’re talking to. Additionally, pay attention to nonverbal cues like facial expressions and body language when having conversations – these can provide good clues as to how someone may be feeling or what they might really mean by something they say. Good communication is key for successful relationships.

This week, the financial news is full of warnings. A former U.S. Treasury employee said if the dollar stops being the main currency worldwide, it will have big consequences. Billionaire Bill Ackman added that the US economy is on its way to a bad situation. Additionally, First Citizens Bank bought SVB and the government still owns seized Bitcoins.

Monica Crowley Warns

Monica Crowley, who used to be in charge of communications for the U.S. Department of the Treasury, warned that if the U.S. dollar stops being the world’s main currency, the consequences would be disastrous. She said that would cause a big collapse of the global economy and bring an end to the U.S. dollar.

Bill Ackman Warns

Billionaire Bill Ackman said that the U.S. economy is in big trouble if something isn’t done about the banking crisis. He also stressed that it takes a long time to create trust and confidence, but they can be lost quickly. Ackman hopes that common sense will prevail and our government officials figure out how to solve this situation.

06% of All Bitcoins Reaches Government with Cases Starting in 2020

As of March 25th 2023, the U.S. government held a total of 205,515 bitcoins which were worth $5.6 billion – and this is about 1.06% of all bitcoins that are in circulation now. This large amount of bitcoins was from three different cases that started in 2020. Recently (March 9th), Glassnode’s data showed that almost 10,000 bitcoins (which is worth about $269 million) were sent to Coinbase address.

First Citizens Bank & Trust Company Takes Control of Silicon Valley Bank

The Federal Deposit Insurance Corporation has announced that First Citizens Bank & Trust Company from Raleigh, NC, is now in charge of Silicon Valley Bank. This means First Citizens took over SVB’s deposits and loans, plus the 17 branches located throughout the US.

Do you think the world’s economy will get better or worse? Do people think that it will end badly, or are those warnings too extreme? Tell us your opinion in the comment box below!


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