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Michigan Activates Emergency Ops Ahead Of Chinese Space Station Crash
Michigan Activates Emergency Ops Ahead Of Chinese Space Station Crash With China’s Tiangong-1 space station (translated as “Heavenly Palace”) full of highly toxic chemicals such as hydrazine, set to crash into the earth at a still unknown location some time today, Michigan isn’t taking any chances. As a reminder, several weeks ago Aerospace.org predicted that […]
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 […]
Tensions Rise Between China And The U.S. Inching World Closer To WW3
Tensions Rise Between China And The U.S. Inching World Closer To WW3 While half the media is distracted and obsessed about an extramarital affair that U.S. President Donald Trump allegedly had a decade ago with Stormy Daniels, U.S. geopolitical policy has been shifting towards China, putting us all in danger of conflict with the Communist […]
Russia Stockpiles Gold, But Why?
Russia Stockpiles Gold, But Why? The US’s overhang of debt and looming trade war is worrisome on many levels as the value of the dollar keeps decreasing and the national debt spiraling. So, what should we make of the fact that the Central Bank of Russia has been steadily amassing vast gold reserves since 2015? […]
Spain Arrests Leaders of Catalonia Independence Movement & They Dare to Claim Russia Does Not Respect Democracy?
Spain Arrests Leaders of Catalonia Independence Movement & They Dare to Claim Russia Does Not Respect Democracy? The Spanish government has shown to the entire world that it denies human rights and has absolutely no democratic principles whatsoever. The next step is for the pretend elected government to declare a perpetual state of emergency and […]
PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour
PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour After all the preparation, all the expectation, cheerleading and doomsaying, China’s Yuan-denominated crude oil futures contract began trading tonight and appears to be off a good start with well over 10 billion yuan notional traded within the first hour. So far it has […]
Central Banks Have Killed Free Trade
Central Banks Have Killed Free Trade Defenders and critics of “free trade” and globalization tend to present the issue as either/or: It’s inherently good or bad. In the real world, it’s not that simple. The confusion starts with defining free trade (and by extension, globalization). In the classical definition of free trade espoused by 18th […]
Hidden No More, The Currency Wars Take Center Stage
Hidden No More, The Currency Wars Take Center Stage The market stands on a sinkhole, waiting for the next feather to drop. A feather that will bring down the system and send us into another economic crisis that will make the 2008 crash look like an opening act. For years, I and many others within […]
China Says US Warship Sailing Near Spratly Islands Is “Severe Provocation”
China Says US Warship Sailing Near Spratly Islands Is “Severe Provocation” After carrying out no fewer than four “Freedom of Navigation” operations last year and one in January, The US sent a Navy Destroyer to sail within 12 nautical miles of the Spratly Islands – a move that China condemned as a “severe provocation” just […]
The Iran-Pakistan border is a geopolitical powder keg
The Iran-Pakistan border is a geopolitical powder keg The Iran-Pakistan border contains all the ingredients for a geopolitical explosion – regional rivalries, Sunni-Shia conflicts, ethnic insurgents, espionage, drug smuggling and human trafficking. China considers the stability of the region so important that it brokered a series of border security meetings between Iran and Pakistan over […]
Global Stocks “Clobbered” As Trade War Breaks Out Amid Fears Of Political Instability
Global Stocks “Clobbered” As Trade War Breaks Out Amid Fears Of Political Instability “The equity markets are getting clobbered, which is not that surprising with fears of a trade war breaking out” – Paul Fage, TD Securities Global equities are melting as they take the full brunt of market worries of a rising trade war […]
China is One Signature Away From Dealing the Dollar a Death Blow
China is One Signature Away From Dealing the Dollar a Death Blow If you leave your sliding glass door open, you might let in a stray cat, raccoon, or bugs without knowing it. Some intruders are worse than others. All can be annoying. But let in a thief, who robs your home… and it only […]
China Is Days Away From Killing the Petrodollar
China Is Days Away From Killing the Petrodollar Not long ago, there was a popular joke in China that went something like, “Who is Xi Jinping?” The answer was, “The husband of Peng Liyuan,” the famous singer Xi is married to. Today, Xi is China’s president. He leads 1.4 billion people. And he’ll likely be […]
