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Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract. These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.” Two weeks ago, The IMF reported that […]
Dollar’s Purchasing Power Drops Sharply to Record Low, But It’s a Lot Worse than CPI Shows
Dollar’s Purchasing Power Drops Sharply to Record Low, But It’s a Lot Worse than CPI Shows If the homeownership component in CPI mirrors the Case-Shiller Home Price Index, CPI would jump 5.1%! Not to speak of new & used vehicle prices, which I nevertheless speak of. The Consumer Price Index jumped 0.6% in March compared […]
US Dollar’s Status as Dominant “Global Reserve Currency” Drops to 25-Year Low
US Dollar’s Status as Dominant “Global Reserve Currency” Drops to 25-Year Low Central banks getting nervous about the Fed’s drunken Money Printing and the US Government’s gigantic debt? But still leery of the Chinese renminbi. The global share of US-dollar-denominated exchange reserves dropped to 59.0% in the fourth quarter, according to the IMF’s COFER data […]
Crazy days for money
Crazy days for money This article anticipates the end of the fiat currency regime and argues why its replacement can only be gold and silver, most likely in the form of fiat money turned into gold substitutes. It explains why the current fashion for cryptocurrencies, led by bitcoin, are unsuited as future mediums of exchange, […]
The U.S. Dollar Could Be Nearing Its “End Game”
The U.S. Dollar Could Be Nearing Its “End Game” From foreign countries trying to dethrone the dollar’s hegemony as global reserve currency, all the way to rising inflation weakening it… the U.S. dollar is in trouble. Pundits like Jim Rickards said (back in 2016): “The dollar won’t lose its reserve currency status overnight” — and he was right. But a new […]
Canada & The Canceling of its Currency
Canada & The Canceling of its Currency QUESTION #1: If Canada is not a dictatorship, how can Trudeau cancel the dollar? How can he do so in secret? RW QUESTION #2: Why can’t Biden follow Trudeau and cancel the dollar? EH ANSWER: The answer lies in the difference in history. Because the paper currency called bills-of-credit back then […]
The Markets in Light of the Chaos
The Markets in Light of the Chaos When we look around the world the final say in every election is always the vote of capital – which is international rather than confined to local politics. Biden has already shut down the pipeline from Alberta which will only be symbolic for whatever substitute will mere be […]
Interest Rate Tremors May Spell Disaster for the Dollar
Interest Rate Tremors May Spell Disaster for the Dollar Banksy As the U.S. plunges further into debt beyond a staggering $27 trillion, the dollar’s time is running out. But the problem is much deeper than that. With inflation on the rise, and long-term bond yields rising in concert with massive debt, some disturbing scenarios could develop that spell trouble for […]
Paper Dollars in Circulation Globally Spike amid Hot Demand. But a Mexican Bank, after Run-ins with the US, Can No Longer Unload its Hoard of Paper Dollars
Paper Dollars in Circulation Globally Spike amid Hot Demand. But a Mexican Bank, after Run-ins with the US, Can No Longer Unload its Hoard of Paper Dollars Triggering a showdown — Government of Mexico v. Central Bank — over paper dollars, with ramifications in the US and globally. The amount of “currency in circulation” – […]
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising. The US dollar’s position as the dominant global reserve currency is an immensely […]
Who is Behind it Central Bankers & Can the Dollar Survive?
Who is Behind it Central Bankers & Can the Dollar Survive? QUESTION: Are the central bankers really behind this digital currency? Will that end the dollar as the reserve currency? Thank you for sharing your experience. HV ANSWER: No the central bankers are NOT the instigators. It was Christine Lagarde who when at the IMF was threatening counties they would be […]
“Panicking” Central Banks to Power Gold Higher
“Panicking” Central Banks to Power Gold Higher This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Institutions will be the drivers of gold demand, Ray Dalio issues warning about the greenback, and silver believers could soon be rewarded. Institutional demand will power gold prices […]
China is killing the dollar
China is killing the dollar In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining the rationale behind this move, this article concludes that while there are […]
The U.S. Dollar Collapse Is Greatly Exaggerated
The U.S. Dollar Collapse Is Greatly Exaggerated The US Dollar Index has lost 10% from its March highs and many press comments have started to speculate about the likely collapse of the US Dollar as world reserve currency due to this weakness. These wild speculations need to be debunked. The US Dollar year-to-date (August 2020) has strengthened […]
Peter Schiff: Government Tries to Replace the Economy With a Printing Press
Peter Schiff: Government Tries to Replace the Economy With a Printing Press Peter Schiff recently spoke at the “virtual” Los Vegas Money Show and explained why we are near the endgame for the dollar. Peter opened up his talk speculating that the Money Show could be close to the end of its run. I think […]
