Home » Posts tagged 'us dollar' (Page 20)
Tag Archives: us dollar
Russia Finance Minister: We Are Ready To Ditch The Dollar In Favor Of The Euro
Russia Finance Minister: We Are Ready To Ditch The Dollar In Favor Of The Euro In a testament to the success of the latest Trump sanctions against Russia, overnight Russian aluminum giant Rusal announced that its chief executive, Aleksandra Buriko, and half of its managerial board resigned to make sure the firm avoids U.S. sanctions […]
Learning from America’s Forgotten Default
Bettmann/Getty Images Learning from America’s Forgotten Default One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the “gold clause cases” of the 1930s, that episode holds valuable lessons for leaders today. […]
Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar
Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided […]
Emerging Market Debt Defaults on the Horizon?
Emerging Market Debt Defaults on the Horizon? QUESTION: Mr. Armstrong; You said that the emerging markets are a huge problem that will lead to a Sovereign Debt Default. Can you elaborate on that statement? Thank you for your insight VU ANSWER: The emerging markets are in far worse shape today than they were even back in 2008. […]
DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil
DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil The dollar’s collapse is nearing. The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions. Just one more nail to the US dollar’s coffin. Its collapse is all but […]
Turkish Gold Imports Triple As The Central Bank Diversifies Out Of Dollars
Turkish Gold Imports Triple As The Central Bank Diversifies Out Of Dollars Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases. While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons to […]
Will Trump Launch a Currency War, Too?
China Photos/Getty Images Will Trump Launch a Currency War, Too? Last month, Donald Trump personally announced a series of import tariffs and other measures to restrict the flow of Chinese goods and capital into the United States. Clearly, Trump views China as a significant economic threat, so it may be only a matter of time […]
EM FX Plunges: Argentine Peso Re-Crashes, Turkish Lira Tumbles To Record Low
EM FX Plunges: Argentine Peso Re-Crashes, Turkish Lira Tumbles To Record Low Just hours after Fed Chair Jay Powell implied that ’emerging markets are on their own’, EM FX is re-collapsing… with Argentina (despite a 1275bp rate hike) and Turkey both crashing to new record lows… “There is good reason to think that the normalization […]
Fed Chair Powell To Emerging Markets: You Are On Your Own
Fed Chair Powell To Emerging Markets: You Are On Your Own Over the weekend, when commenting on the ongoing rout in emerging markets, Bloomberg published an article titled “Rattled Emerging Markets Say: It’s Over to You, Central Bankers.” Well, overnight the most important central banker of all, Fed Chair Jay Powell responded to these pleas […]
Can US Russian Sanctions Start A Financial Crisis?
Can US Russian Sanctions Start A Financial Crisis? The US sanctions against Russia are pointless and are placing the West at risk the politicians are too stupid to even comprehend. Already, some Russian companies have asked the government for liquidity injections of up to $2 billion. Even the world’s second-largest aluminum producer Rusal has asked […]
Russell Napier: The Rising Dollar Will Trigger The Next “Systemic Banking Crisis”
Russell Napier: The Rising Dollar Will Trigger The Next “Systemic Banking Crisis” Fresh off his successful call earlier this year that the US dollar would strengthen in the coming months, macroeconomic strategist and market historian Russell Napier joined MacroVoices host Erik Townsend to discuss why he favors deflation and why he has such a bullish […]
The US Two-Tier Monetary System that Ended in 1971
The US Two-Tier Monetary System that Ended in 1971 QUESTION: You said the US had a two-tier monetary system under Bretton Woods. Can you explain that one, please? DHJ ANSWER: When Roosevelt confiscated gold, he created, in reality, a two-tier monetary system quite frankly as the medieval city of Florence. The Great Financial Panic of 1344 […]
Argentina Hikes Rates To 40% To Stall Currency, Bond Market Collapse
Argentina Hikes Rates To 40% To Stall Currency, Bond Market Collapse It may be time to cry for Argentina… The Central Bank of Argentina (BCRA) just hiked its 7-day repo reference rate to 40.00% – up a stunning 1275bps in a week – in a desperate attempt to stall the collapse of the peso (and […]
The Real Inflation Rate May Signal That the U.S. Economy is in a Death Spiral
The Real Inflation Rate May Signal That the U.S. Economy is in a Death Spiral Just like a car with a bad cooling system, the U.S. economy may be overheating, and could break down soon. Why? Aside from trade wars, geopolitical tension, and debt, inflation might stand center-stage as the final nail in the U.S. […]
Gold Leaving US Vaults: Signs of Upcoming Currency War and Armed Conflict
Gold Leaving US Vaults: Signs of Upcoming Currency War and Armed Conflict The Turkish government has made the decision to repatriate all of its gold reserves that are currently housed in the US Federal Reserve System (FRS). Overall Turkey was storing 220 tonnes, valued at $25.3 billion, in the US, which it repossessed on April 19, […]
