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Why the dollar is finished

Why the dollar is finished Last week in my Goldmoney Insight, I analysed the rationale for a new gold backed trade settlement currency on the agenda of the BRICS summit in Johannesburg on 22—24 August. This article is about the consequences for the dollar-based fiat currency regime. There is strong evidence that planning for this […]

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Global South: Gold-backed currencies to replace the US dollar

Global South: Gold-backed currencies to replace the US dollar The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade. Photo Credit: The Cradle Let’s start with three interconnected multipolar-driven facts. First: One of the key take aways from the World Economic Forum […]

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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 […]

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How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice

How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. How did the global economy end up teetering on a precarious financial precipice? To formulate a cogent answer, let’s take a […]

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The Apex Predator That Will Take Down Wall Street (And K Street)

The Apex Predator That Will Take Down Wall Street (And K Street) Grant Williams grabbed our vote for the top Alt-Finance presentation of 2017 for A World of Pure Imagination , which highlighted global stock, bond and real estate bubbles that are now showing signs of imploding. The co-founder of RealVision TV excelled again during […]

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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? […]

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Yes, it’s possible for a gold-backed renminbi to dethrone the dollar

Yes, it’s possible for a gold-backed renminbi to dethrone the dollar. “[W]e want to use our reserves more constructively by investing in development projects around the world rather than just reflexively buying US Treasuries. In any case, we usually lose money on Treasuries, so we need to find ways to improve our return on investment.”– […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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