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Russia To Reduce US Dollars In National Wealth Fund As Putin’s De-Dollarization Continues
Russia To Reduce US Dollars In National Wealth Fund As Putin’s De-Dollarization Continues Russia’s de-dollarization effort is full steam ahead, in line with President Putin’s commitment to reduce the country’s vulnerability to the continuing threat of US sanctions. Crossing the wires early Wednesday morning, Russian Deputy Finance Minister Vladimir Kolychev, was quoted by Reuters as […]
Our Currency, Your Problem
Our Currency, Your Problem “Major movers” such as China, Russia and the European Union have a strong “motivation to de-dollarize,” said Korin, co-director at the energy and security think tank, on Wednesday. “We don’t know what’s going to come next, but what we do know is that the current situation is unsustainable.” – Anne Korin, Institute for the Analysis […]
The monetary lessons from Germany
The monetary lessons from Germany Germany suffered two currency collapses in the last century, in 1920-23 and1945-48. The architect of the recovery from the former, Hjalmar Schacht, chose to cooperate with the Nazi successors to the Weimar Republic, and failed. In that of the second, Ludwig Erhard remained true to his free market credentials and […]
Song Hongbing’s “Currency Wars” – a review
Song Hongbing’s “Currency Wars” – a review A revolutionary book from China, where it became a bestseller and is hushed up in Europe for (un)known reasons Did you know that the FED is actually a private bank and still has the right to issue dollars? Did you know that for over 200 years private bankers […]
All Money is Backed Even Today!
All Money is Backed Even Today! QUESTION: Hi AE, et al. Your blogs not only inform, but are actually entertaining as they give most of us a point of view we’ve never before contemplated.My question….you have stated numerous times that one of the reasons the Roman government survived for 100’s of years is because they simply […]
De-Dollarization: Europe Joins the Party
De-Dollarization: Europe Joins the Party The ongoing “World War of Currencies”, as the German journalist Daniel D. Eckert called it, the battle for the future of the world monetary system is not a shallow action film but more like Game of Thrones – a complex series with hundreds of actors and locations, stretching over decades and demanding […]
Currency Which Expires – That’s the Solution – Or Just Cancel it all?
Currency Which Expires – That’s the Solution – Or Just Cancel it all? Back during the Great Depression, there were people who theorized that gold hoarding was preventing economic recovery. There is always this same theory that people who save hoarding their money and are not spending it results in the lack of a recovery […]
China Cuts Required Reserve Ratio Releasing $126BN In Liquidity; Yuan Surges
China Cuts Required Reserve Ratio Releasing $126BN In Liquidity; Yuan Surges As had been widely previewed in China’s official financial press in recent days, on Friday the PBOC announced it would cut the required reserve ratio (RRR) for all banks by 0.5% effective Sept. 16 (and by 1% for some city commercial banks, to take effect in […]
Inflationary Financing and GDP
INFLATIONARY FINANCING AND GDP This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP does not represent economic progress, nor does it include the expansion of activity in the non-financial private sector, because that marries up with larger trade deficits, which […]
Globalization Just Peaked
Globalization Just Peaked In Jackson Hole on Friday, Bank of England’s outgoing governor Mark Carney talked about a Synthetic Hegemonic Currency (SHC) that the world ‘must’ create, and I thought: that sounds as creepy as anything Halloween. Now, Carney is a central banker as well as a former Giant Squid partner, hence a certified cultist, […]
Difference Between Hyperinflation and Currency Inflation
Difference Between Hyperinflation and Currency Inflation QUESTION: What is the difference between asset inflation and hyperinflation? I believe you are saying that from Jan 2020 we will see inflation which I understand to be asset inflation?ThanksFL ANSWER: Asset inflation is typically a reflection of a decline in the value of the currency, but this can be 50% […]
Why the Dollar Rules the World — And Why Its Reign Could End
Why the Dollar Rules the World — And Why Its Reign Could End President Donald Trump wants a lower US dollar. He complains about the over-valuation of the American currency. Yet, is he right to accuse other countries of a “currency manipulation”? Is the position of the US dollar in the international monetary arena not […]
Getting to a Special State of Ugly
Getting to a Special State of Ugly There are certain phrases – like “trust me” or “I got this” – that should immediately provoke one’s suspicion. When your slippery contractor tells you, “trust me, your kitchen renovation will be done before Christmas,” you should be wary. There’s no way it’ll be done until late spring. […]
Weekly Commentary: “Hot Money” Watch
Weekly Commentary: “Hot Money” Watch In the People’s Bank of China’s (PBOC) Monday daily currency value “fixing,” the yuan/renminbi was set 0.33% weaker (vs. dollar) at 6.9225. Market reaction was immediate and intense. The Chinese currency quickly traded to 7.03 and then ended Monday’s disorderly session at an 11-year low 7.0602 (largest daily decline since […]
The Reality of Trade Between USA & China
The Reality of Trade Between USA & China We are clearly cascading toward the Monetary Crisis Cycle as the USA wrong accuses China of manipulating its currency for trade advantages. All one needs do is look at the trend of the dollar against other major world currencies and you will quickly see that the trend […]
