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Dollar Dominance Under Multiple, Converging Threats
Dollar Dominance Under Multiple, Converging Threats For years, currency analysts have looked for signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute agreed upon at some Bretton Woods-style monetary conference. That push has been accelerated by Washington’s use of the dollar […]
China & Buying Gold – Why?
China & Buying Gold – Why? QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis coming in 2021. China has continued to increase its gold reserves. You would please update on that development. Thank you PK ANSWER: Central banks […]
The Ultimate Pivot: Saudi Betrayal of the Petrodollar
The Ultimate Pivot: Saudi Betrayal of the Petrodollar Saudi Arabia has gone nuclear, threatening the petrodollar. Or has it? The report from Zerohedge via Reuters that Saudi Arabia is angry with the U.S. for considering a bill exposing OPEC to U.S. antitrust law is a trial balloon. The chances of the U.S. bill known as NOPEC coming […]
Where Is The World Headed?
Where Is The World Headed? Since 2016 the United States has been in the Russiagate box, a hoax created by the US military/security complex to prevent President Trump from normalizing relations with Russia. Normalized relations would devalue THE RUSSIAN THREAT, an orchestration that protects the $1,000 billion annual budget of the military/security complex. The Democratic Party, […]
Being and Time (And Central Banks)
BEING AND TIME (AND CENTRAL BANKS) People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available in, say, one month. This is expressive of time preference — which is an undeniable fact, a category of human action. The sentence “Humans act” is a […]
Is Turkey “City Zero” in Global Contagion
Is Turkey “City Zero” in Global Contagion Last year Turkey’s lira crisis quickly morphed into a Euro-zone crisis as Italian bond yields blew higher and the euro quickly reversed off a major Q1 high near $1.25. It nearly sparked a global emerging market meltdown and subsequent melt-up in the dollar. This week President Erdogan of […]
Capital Flows–Is a Reckoning Nigh?
CAPITAL FLOWS – IS A RECKONING NIGH? Borrowing in Euros continues to rise even as the rate of US borrowing slows The BIS has identified an Expansionary Lower Bound for interest rates Developed economies might not be immune to the ELB Demographic deflation will thwart growth for decades to come In Macro Letter – No 108 […]
Oil, Agriculture and Imperialism: Averting the Fast-Track to Armageddon?
Oil, Agriculture and Imperialism: Averting the Fast-Track to Armageddon? Image source US National Security Advisor John Bolton has more or less admitted that the ongoing destabilisation of Venezuela is about grabbing its oil. He recently stated: We’re looking at the oil assets… We’re in conversation with major American companies now… It will make a big difference to […]
Goodbye to the Dollar
Goodbye to the Dollar The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international […]
Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its […]
Response to US global bullying: Iran, India ditch dollar to continue trading oil despite sanctions
Response to US global bullying: Iran, India ditch dollar to continue trading oil despite sanctions © Getty Images In an effort to circumvent US-imposed sanctions, India and Iran have reportedly ditched the US dollar and are trading oil in rupees. The reason becomes clear after considering the dynamics at play in the region. In mid-February […]
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business. As Bloomberg reports, many shops and factories have shut their doors because of a lack of customers […]
War Essay- The consequences of nuclear war on US society
War Essay- The consequences of nuclear war on US society Summary The US emerged from WWII as the world’s leading economic and military power. Since that time US hegemony has been predicated on: 1) unrivaled military strength, 2) control of world’s energy reserves and 3) primacy of the US dollar as the world’s reserve currency. […]
