Home » Conflicting Opinions on Future of US Economy, Bitcoin Added to Guinness World Records, and More — Week in Review – The Weekly Bitcoin News

Conflicting Opinions on Future of US Economy, Bitcoin Added to Guinness World Records, and More — Week in Review – The Weekly Bitcoin News

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Economist and money worm Peter Schiff has warned that the US Federal Reserve’s measures to curb inflation could lead to a “massive financial crisis” or a global move away from the dollar. Meanwhile, Joe Biden says the economy is “strong as hell” and Bank of America and JP Morgan also say the economy is in good shape. Bitcoin entered the Guinness Book of World Records outside the world of simple currencies.

Economist Peter Schiff warns Fed action could lead to market crash, major financial crisis and deep recession

Economist Peter Schiff warns that Fed actions could lead to market crashes, major financial crises and deep recessions

Money bug and economist Peter Schiff says there are two possibilities for the Federal Reserve’s action on the US economy. One result is a crash in stocks, bonds, and real estate, leading to a “massive financial crisis and deep recession.” In the second result, “the world will run away from the dollar,” the economist stressed.

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Biden says US economy is 'strong as hell' — White House claims president 'did the job' to fix inflation

Biden says US economy is ‘strong as hell’ — White House claims president ‘did the job’ to fix inflation

US President Joe Biden has been criticized for calling the US economy “strong as hell” as inflation climbs to a 40-year high. Meanwhile, the White House claims that Biden understood and “did the job” of solving the inflation problem.

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Bitcoin recognized by Guinness World Records as the 'first decentralized virtual currency'

Bitcoin recognized by Guinness World Records as the ‘first decentralized virtual currency’

Since 1955, Guinness World Records (GWR) has published an annual reference book covering world records, from extreme natural events to human achievements. This year, Bitcoin joined the fray as the world’s first and most valuable cryptocurrency network, as GWR added the subject to its annual record of the year.

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Bank of America and JP Morgan say US economy is doing well and consumers are doing well despite inflation

Bank of America and JP Morgan say US economy is doing well and consumers are doing well despite inflation

Bank of America CEO Brian Moynihan and JP Morgan & Chase CEO Jamie Dimon agree that the U.S. economy is doing well and consumers are doing well. “Consumers basically have many times more money in their accounts than they did pre-pandemic,” Bank of America chief said.

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bank of america, Bitcoin, tracking, economic collapse, federal reserve, Guinness World Records, inflation, Joe Biden, JP Morgan, Peter Schiff, predict

what’s your opinion? Is the US economy “strong as hell,” or is economist Peter Schiff adding something to his view of impending disaster? Let us know in the comments section below.

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