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Oil Producer’s Currencies Are Collapsing As Brent Breaks Below $40
Oil Producer’s Currencies Are Collapsing As Brent Breaks Below $40 Not helped by weakness in China trade data, questions over global growth and inflation expectations are growing. Oil-exporting nations (and growth-linked currencies) are getting monkey-hammered… Just when traders thought the bottom was in… As Reuters notes, with lower oil prices likely to add to global deflationary […]
America to Collapse As Dollar Dies: “You Cannot Stop What Is Coming… 25 to 50 Million Dead in 90 Days”
America to Collapse As Dollar Dies: “You Cannot Stop What Is Coming… 25 to 50 Million Dead in 90 Days” A collapse is coming… but not as quickly as many are expecting. There are many people high up in the power structure who not only see an end to the dollar coming soon, but an […]
Turkey Arrests Journalists, Sets Up Terrorist “Tip Line” As Currency Plunges, Violence Escalates
Turkey Arrests Journalists, Sets Up Terrorist “Tip Line” As Currency Plunges, Violence Escalates Last month, Turkey’s central bank had a chance to give the plunging lira some respite by preempting the Fed and hiking rates. Only they didn’t. And not only did they not hike, they made it clear that tightening would only occur once the Fed […]
Venezuela Increasingly Looks Like A War Zone
Venezuela Increasingly Looks Like A War Zone Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivaris now worth 107 times less than the official currency’s exchange rate) and the […]
Why the Bank of Japan Can’t Stop a Sudden Collapse of the Yen
Why the Bank of Japan Can’t Stop a Sudden Collapse of the Yen On Friday morning in Tokyo, the Nikkei stock index was up again, at 20,600, highest in 15 years. Since “Abenomics” has become a common word in December 2012, the Nikkei has soared 128% on a crummy economy, terrible government deficits, and an insurmountable […]
Ukraine Enters The Endgame
Ukraine Enters The Endgame Back in March 2014 we forecast that it in the aftermath of the US State Department-sponsored military coup in Kiev, it was only a matter of time before Ukraine (all of its sovereign gold having since “vaporized“) succumbed to full blown hyperinflation and economic implosion. Less than a year later, precisely this outcome has […]
The Swiss Franc Will Collapse
The Swiss Franc Will Collapse I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it. One cannot explain the collapse of this currency with the conventional view. “They will print money to infinity,” may be popular but it’s not accurate. The […]
Mass Murder, Widespread Starvation and Even Cannibalism Accompany a Currency Collapse | Dave Hodges – The Common Sense Show
Mass Murder, Widespread Starvation and Even Cannibalism Accompany a Currency Collapse | Dave Hodges – The Common Sense Show. As we race toward the end of the year, we all need to be asking each other if we have done everything that we can do to prepare for the impending collapse of the Federal Reserve […]
Russia says currency crisis over, but inflation set to soar | Reuters
Russia says currency crisis over, but inflation set to soar | Reuters. (Reuters) – Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin’s government as it fights its worst economic crisis since 1998. The ruble plunged to all-time […]
If Wishes Were Loaves and Fishes | KUNSTLER
If Wishes Were Loaves and Fishes | KUNSTLER. Janet Yellen and her Federal Reserve board of augurers might as well have spilled a bucket of goat entrails down the steps of the mysterious Eccles Building as they parsed, sliced, and diced the ramifications in altering their prior declaration of “a considerable period” (that is, before […]
Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years | Zero Hedge
Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years | Zero Hedge. “We have to do something with these Belarussian rubles,” exclaims one Belarussian as she shops to turn worthless rubles (BYR) into physical assets. As AFP reports, The Belarussian currency was dragged down by the slide of the Russian ruble […]
Rouble collapse will be felt globally – Al Jazeera Blogs
Rouble collapse will be felt globally – Al Jazeera Blogs. The Central Bank, trying as it was to catch a falling knife, had very little choice but to ramp up interest rates on Tuesday. It’s attempt to stop the Rouble’s rapid descent, however, failed miserably. The currency has lost more than 50 percent of its […]
More To Ruble’s Collapse Than Meets The Eye
More To Ruble’s Collapse Than Meets The Eye. The ruble is dying, and fast. In what is now being dubbed ‘Black Monday’ the ruble’s value to the dollar dropped nearly 15 percent. Tuesday brought no respite and the ruble fell another 10 percent. The ruble’s collapse follows a similar – though by no means as […]
Putin Blames West for Russia’s Economic Crisis
Putin Blames West for Russia’s Economic Crisis. MOSCOW—Russian President Vladimir Putin vowed Thursday to fix Russia’s economic woes within two years, voicing confidence that the plummeting ruble will recover and promising to diversify Russia’s gas-dependent economy. Speaking with strong emotion and looking confident, Putin also displayed a defiant stance toward the West, which he insisted […]
