Arthur Hayes says the longer Donald Trump engages in expensive “Iranian nation-building,” the more likely it is that the Federal Reserve will boost money supply. The US Federal Reserve could ease its hawkish monetary policy to help finance the country’s conflict with Iran, which would boost crypto markets, says BitMEX co-founder Arthur Hayes. Hayes said in a blog post on Monday that every US president since 1985 has launched military action in the Middle East, and each time, the Federal Reserve has responded by cutting rates and expanding the money supply to finance the conflict. “The longer Trump engages in the extremely costly activity of Iranian nation-building, the higher the likelihood that the Fed lowers the price and increases the quantity of money to support Pax Americana’s latest bout of Middle Eastern adventurism,” he added. Read more
KARACHI/LAHORE/GILGIT/ISLAMABAD/DI KHAN: Ten people were killed in Karachi and two in Islamabad as protests erupted countrywide against the assassination of Iranian Supreme Leader Ayatollah Ali Khamenei in US-Israeli attacks. The situation warranted Interior Minister Mohsin Naqvi to issue an appeal, urging people to remain peaceful. “Today is a sorrowful day for the entire Muslim ummah, Pakistan’s public and Iran’s public,” he said in a video statement. Stating that every Pakistani citizen was as aggrieved as Iranians, Naqvi said, “My only request is that we all stand with you, but please do not take the law into your hands. You may protest but peacefully.” Karachi clashes In Karachi, protesters clashed with law enforcement personnel near the US Consulate on Mai Kolachi Road. Law enforcement personnel resorted to teargas shelling and baton-charge to control the situation. Subsequently, Section 144 was also extended across Sindh. According to the Home Department, all kinds of wall chalking, protests, demonstra...
Bitcoin avoided a fresh breakdown around major geopolitical events in the Middle East, with BTC price targets now including $74,000 next. Bitcoin (BTC) ignored geopolitical volatility on Sunday as traders waited for markets’ Iran reaction. Key points: Bitcoin coils around $67,000 as the dust settles on a wild weekend in the Middle East. Read more