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Tag Archives: us dollar
“Strong Dollar”, “Weak Dollar” – What About a Gold-Backed Dollar?
“Strong Dollar”, “Weak Dollar” – What About a Gold-Backed Dollar? Contradictory Palaver The recent hullabaloo among President Trump’s top monetary officials about the Administration’s “dollar policy” is just the start of what will likely be the first of many contradictory pronouncements and reversals which will take place in the coming months and years as the […]
Are Oil Prices Heading for Another Spike?
Joe Sohm/Visions of America/UIG via Getty Images Are Oil Prices Heading for Another Spike? The decline in the dollar’s exchange rate seems to have gathered momentum, in part because the person who has his signature on US currency, Treasury Secretary Steve Mnuchin, seems unperturbed by its weakness. If it continues, will energy costs spiral upward? […]
Could the Renminbi Challenge the Dollar?
Wodicka/ullstein bild via Getty Images Could the Renminbi Challenge the Dollar? China’s rapid economic growth, coupled with savvy monetary management by its leaders, has internationalized the renminbi to a degree that scarcely could have been imagined just a few decades ago. But if China’s leaders ever want to challenge the US for global currency dominance, […]
Peter Schiff: ‘The Price Of Gold Is Going To Soar’ And ‘The Dollar WILL Collapse’
Peter Schiff: ‘The Price Of Gold Is Going To Soar’ And ‘The Dollar WILL Collapse’ Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did an interview with Daniela Cambone of Kitco News and Schiff said gold is going to soar. But Schiff (who predicted the 2008 recession) also explains why he believes […]
Economic Collapse: Will Cryptocurrency Save the Financial System?
Economic Collapse: Will Cryptocurrency Save the Financial System? In the second article of my three part series, I addressed how we got to the current state of this financial chaos. In this last article, I explain where we are heading and how cryptocurrency could be the last chance to create a sustainable economic system. Where to go from here? […]
Weekly Commentary: America First and the Decapitation of King Dollar
Weekly Commentary: America First and the Decapitation of King Dollar The U.S. ran a $71.6 billion Goods Trade Deficit in December, the largest goods deficit since July 2008’s $76.88 billion. The U.S. likely accumulated a near $550 billion Current Account Deficit in 2017, also near the biggest since before the crisis. Going all the way […]
World Dollar Debt up 5.2% – World Euro Debt Up 10.5%
World Dollar Debt up 5.2% – World Euro Debt Up 10.5% The Bank for International Settlements (BIS) has reported exactly what we have been warning about – the explosion in dollar-denominated debt outside the USA which means a rise in the dollar will see a massive debt crisis. The total volume of US dollar-denominated debt outside […]
Happy Landings
Happy Landings The blow-off orgy in the stock markets is supposedly America’s consolation prize for what many regard as the electoral bad acid trip of the Trump presidency. Sorry to tell you, it’s just another hallucination, something you’re going to have to come down from. Happy landings! While the markets have roared parabolically up, in […]
If Currency Wars Have Indeed Started, This Is What Comes Next
If Currency Wars Have Indeed Started, This Is What Comes Next Even as overall volatility remains tame, things are rapidly changing in the world of currency trading where FX vol has spiked to the highest level since early October after this week’s dramatic FX rollercoaster which saw the US Treasury Secretary get this close to […]
Central Bank Reserves – The Rise of the Yuan
Central Bank Reserves – The Rise of the Yuan QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are central banks starting to use the yuan in reserves in a major way yet? KD ANSWER: Yes. The ECB […]
Why the Dollar is the Mainstay of the World Economy
Why the Dollar is the Mainstay of the World Economy QUESTION: A friend told me the one pound coins I have from a trip to Britain last year were canceled. How can a government simply cancel its money? KL ANSWER: Oh yes. Britain canceled the one pound coins last October. They estimated that £400-450 million […]
