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Trump Praises ECB For “Depreciating The Euro”, Slams The Fed For Doing Nothing
Trump Praises ECB For “Depreciating The Euro”, Slams The Fed For Doing Nothing When discussing the barrage of easing unleashed by the ECB moments ago, we said that as “we prepare for the ECB press conference in 30 minutes, that will be nothing compared to the angry twitter tirade we expect by president Trump who will […]
Chinese Currency Manipulation–Trump’s Petard
CHINESE CURRENCY MANIPULATION – TRUMP’S PETARD The risk that the Sino-US trade war morphs into an international currency war has risen The US$ Index is up since 2010 but its only back to the middle of it range since 2000 The Chinese Yuan will weaken if the Trump administration pushes for higher tariffs Escalation of […]
Peter Schiff: Gold Is Not Going to Stop This Time
Peter Schiff: Gold Is Not Going to Stop This Time Gold has continued to push upward. The latest catalyst was another escalation of the trade war. Gold briefly moved above $1,550 in dollar terms. But it has done even better in relation to other currencies. In fact, the yellow metal is at record highs in nearly […]
Rabobank: “The US Will Simply Not Allow A New Reserve Currency Without A Fight”
Rabobank: “The US Will Simply Not Allow A New Reserve Currency Without A Fight” “Peace for our time” Despite the fact that the German IFO survey was ‘I-ful’, with the official word being that the outlook is “increasingly dire”, and that US core durable goods were -0.4% vs. flat expected, both of which confirm that […]
Why the Dollar Rules the World — And Why Its Reign Could End
Why the Dollar Rules the World — And Why Its Reign Could End President Donald Trump wants a lower US dollar. He complains about the over-valuation of the American currency. Yet, is he right to accuse other countries of a “currency manipulation”? Is the position of the US dollar in the international monetary arena not […]
Russia Urges “Independence” From “Imposed World Order” Of US Financial System
Russia Urges “Independence” From “Imposed World Order” Of US Financial System Following Russia signalling last week, its willingness to join the controversial payments channel Instex – designed to circumvent both SWIFT as well as US sanctions banning trade with Iran – new statements from Russian Deputy Foreign Minister Sergei Ryabkov called on the international community to free itself from […]
In Major Threat To Dollar’s Reserve Status, Russia Offers To Join European SWIFT-Bypass
In Major Threat To Dollar’s Reserve Status, Russia Offers To Join European SWIFT-Bypass Three weeks after a meeting between the countries who singed the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), which was ditched by US, French, British and German officials said the trade mechanism which was proposed last summer – […]
The Dollar, Not Crypto, Is a National Security Issue
The Dollar, Not Crypto, Is a National Security Issue U.S. Treasury Secretary Steve Mnuchin piled on to comments made recently by President Donald Trump by calling cryptocurrencies a “national security issue.” Bitcoin and crypto proponents more broadly have long wondered if (and how) the government of the United States would recognize the slow but steady encroachment of decentralized assets, […]
New Multi-year Gold Rally Has Emerged
New Multi-year Gold Rally Has Emerged The dollar price of gold has been on a roller-coaster ride for the past six years. But the past six weeks have been a turbocharged version of that. Investors should expect more of the same for reasons explained below. The six-year story is the more important for investors and […]
How Iran Will Determine If The US Dollar Remains The World’s Reserve Currency
How Iran Will Determine If The US Dollar Remains The World’s Reserve Currency For almost two centuries, Sterling reigned supreme as the world’s reserve currency, propping up the vast British Empire which was the world’s superpower during the 19th century and the early 20th. Then, in the span of just a few months, everything changed […]
Gold Makes Its Grievances Heard
Gold Makes Its Grievances Heard Gold is getting its revenge. Try as he might Mr. Tariff Man can’t dominate all the headlines all the time. Everyone once in a while something more important than the Trump Man-Baby Show should take center stage. Gold has moved more than $50 in just under three trading sessions, blowing past near […]
The Zeitgeist Knows
The Zeitgeist Knows Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal […]
That Time the Dollar Tide Went Out…
That Time the Dollar Tide Went Out… Welcome to the Dollar Rally to end all rallies. This week’s action in the U.S. dollar puts paid all of the moves by the Fed and the ECB over the past three months to forestall this from coming. First it was January’s FOMC meeting where the Fed completely […]
The US Government Debt Crisis
The US Government Debt Crisis This article explains why the US Government is ensnared in a debt trap from which there is no escape. Its finances are spiralling out of control. In the context of a rapidly slowing global economy, the budget deficit can only be financed by QE and bank credit expansion. Do not […]
