Home » Posts tagged 'us dollar' (Page 21)
Tag Archives: us dollar
Iran Officially Switches From Dollar To Euro
Iran Officially Switches From Dollar To Euro Just two weeks after “panic” hit the streets of Tehran as the Iranian government attempted to ‘fix’ the freefall of the Rial against the USDollar… Middle East Monitor reports that Iran’s feud with the US is set to get worse after Tehran announced this week that it will […]
The Road to 2025 (Part 3) – USD Dominated Financial System Will Fall Apart
The Road to 2025 (Part 3) – USD Dominated Financial System Will Fall Apart It’s our currency, but it’s your problem. – U.S. Treasury Secretary John Connelly to European Finance Ministers, 1971 Today’s post will cover a topic that consumed my thoughts for many years, but one I haven’t discussed much lately. Namely, the terminal […]
Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar
Turkey Will Repatriate 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, this morning Turkey also announced that it has decided […]
The Dollar’s 70-Year Dominance Slowly Coming To An End
The Dollar’s 70-Year Dominance Slowly Coming To An End The US dollar hasn’t been backed by gold since 1971, but that might change soon. Republican Congressman Alex Mooney is proposing that the US once again place value on the dollar by backing it with physical gold. The problem is, the Federal Reserve has been printing […]
Is the “Petro-Yuan” a Credible Challenge to Dollar Supremacy?
Is the “Petro-Yuan” a Credible Challenge to Dollar Supremacy? Wolf Richter with Jim Goddard on This Week in Money: China latest effort to get its currency to be used globally is the “petro-yuan.” Is it a credible challenge to the supremacy of the US dollar? If China dumped US Treasuries, what would that accomplish? And […]
World War III Will Be An Economic War
World War III Will Be An Economic War There is a mass delusion in the mainstream created I think in large part by too much exposure to movie fantasy and TV fiction. It is an immediate assumption; one that I believe is far more dangerous than many people give it credit for. The assumption is […]
Is This the Moment of Truth?
Is This the Moment of Truth? One of the most famous passages in American literature occurs in Chapter 13 of Ernest Hemingway’s The Sun Also Rises. It takes place in a café in Pamplona, Spain during the running of the bulls. Bill Gorton, a friend of the protagonist, Jake Barnes, has just arrived from New […]
China Eyes Yuan Devaluation in Trade Dispute
China Eyes Yuan Devaluation in Trade Dispute Finally, we have a story that makes retaliatory sense vs. the widely believed “nuclear” treasury dumping theory. The widely-circulated “nuclear” theory suggests China would dump US treasuries in a trade war with the US. That theory never made any sense. Such a move would tend to strengthen the […]
Petro-yuan is the newest weapon for the China-Russia-Iran anti-USD alliance
Petro-yuan is the newest weapon for the China-Russia-Iran anti-USD alliance Pictured above, the currency symbols for the old Spanish peseta and the Chinese yuan. Maybe Baba Beijing can synthesize the two of them into a cooling looking petro-yuan logo. After 25 years of dreams, planning, rumors and testing, the Chinese petro-yuan is now official. Right […]
Dollar Hegemony – Real or Sophistry?
Dollar Hegemony – Real or Sophistry? QUESTION: Mr. Armstrong; I really wish I found you sooner. A friend of mine has been telling me to listen. He bought the Dow at 17,000 and sold it 26,000 on your advice. He paid off his house and has told me – see, I told you so. I […]
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took […]
What Could Dethrone the Dollar as Top Reserve Currency?
What Could Dethrone the Dollar as Top Reserve Currency? Central banks seem leery about the Chinese yuan. What will finally pull the rug out from under the dollar’s hegemony? The euro? The Chinese yuan? Cryptocurrencies? The Greek drachma? Whatever it will be, and however fervently the death-of-the-dollar folks might wish for it, it’s not happening […]
The yuan-oil future and gold
The yuan-oil future and gold “There can be little doubt that the introduction of the yuan-denominated oil future has been a major strategic step for China.” Regular readers of Goldmoney’s research will be aware that we were among the first to alert western financial markets that China would introduce a new oil futures contract priced […]
