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Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble?
Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble?. Last night, the Russian central bank announced a shock decision to hike up its key interest rate from 10.5% to 17%, effective immediately. Incredible. On Monday alone the ruble declined more than 9% against the dollar, and almost 50% in 2014. It looks like […]
Soaring Dollar, Plunging Oil, Crummy Global Growth | Wolf Street
Soaring Dollar, Plunging Oil, Crummy Global Growth | Wolf Street. This chart juxtaposes the price of Brent crude oil and the US Dollar Index (the outdated currency basket composed of the euro, yen, UK pound, Canadian dollar, Swiss franc, and Swedish krona). As the dollar has soared, the price of Brent crude in dollars has […]
This Has Utterly Corrupted Our Economy |
This Has Utterly Corrupted Our Economy |. The Power of Simple Ideas … Not much market action on Wednesday. The Dow was flat. Gold was flat. TV screens are flat. Some singers are flat. Cakes come out flat. Tires go flat. Prizefighters are laid out flat. Dead men, too. Sooner or later, we all go […]
charles hugh smith-Why the Rising U.S. Dollar Could Destabilize the Global Financial System
charles hugh smith-Why the Rising U.S. Dollar Could Destabilize the Global Financial System. I have been suggesting for several years that the U.S. Dollar would confound those anticipating its demise by starting a long secular uptrend. In early September I made the case for a rising U.S. dollar, based on the basic supply and demand for […]
Yuan Strength Seen as Message to Obama as Talks Loom: Currencies – Bloomberg
Yuan Strength Seen as Message to Obama as Talks Loom: Currencies – Bloomberg. China is using the yuan to make the case that it’s a responsible economic powerhouse before President Xi Jinping meets Barack Obama in Beijing tomorrow. The People’s Bank of China yesterday raised its yuan reference rate by the most since 2010. In doing so, strategists say it’s distancing itself […]
Ron Paul Says: Watch the Petrodollar | Casey Research
Ron Paul Says: Watch the Petrodollar | Casey Research. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or […]
How The Petrodollar Quietly Died, And Nobody Noticed | Zero Hedge
How The Petrodollar Quietly Died, And Nobody Noticed | Zero Hedge. Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency […]
The dollar decline continues: China begins direct convertibility to Asia’s #1 financial center
The dollar decline continues: China begins direct convertibility to Asia’s #1 financial center. This morning some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. (CNBC.com, for example, has yet to report on this story as […]
Total War over the Petrodollar | Casey Research
Total War over the Petrodollar | Casey Research. The conspiracy theories surrounding the death of Total SA’s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France’s largest […]
Replacing the Dollar | Armstrong Economics
Replacing the Dollar | Armstrong Economics. The conspiracy crowd keep swearing the dollar has to collapse and remain clueless that the world is in serious trouble. The impact of debt is far worse outside the USA than inside yet their myopic vision blinds them to the truth. Taxes are so high in Europe and […]
