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Only the US Can Destroy the US Dollar
ONLY THE US CAN DESTROY THE US DOLLAR US Dollar as a reserve asset was the first “flywheel” – and only the US can destroy its own ecosystem. Being the reserve currency has enormous benefits. And in the entirety of financial history, the US is the first and only fiat reserve currency. Sterling, and any […]
What Are the BRICS Planning With the August 22nd Durban Accords?
What Are the BRICS Planning With the August 22nd Durban Accords? Photo by Khashayar Kouchpeydeh In my first explainer about the BRICS nations, you met the players and you know why their decisions affect the global economy. But why do their decisions affect us? You need to understand that first – before the August 22nd Durban Accords […]
Fed Defending Dollar No Matter What Crashes – Catherine Austin Fitts
Fed Defending Dollar No Matter What Crashes – Catherine Austin Fitts Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says what is coming for the economy is pain–and lots of it. CAF explains, “We are either in a major correction or we are going to go into […]
Russia And China Officially Announce A “New Global Reserve Currency”
Russia And China Officially Announce A “New Global Reserve Currency” And once again, as happens often with consequential news in the United States and the West, no one has noticed and no one seems to care. If you’ve blinked over the last month, you may have missed it… China and Russia are taking their shot […]
The Dollar Dethroned: We Have Reached The End Of Monetary Policy As We All Once Knew It
The Dollar Dethroned: We Have Reached The End Of Monetary Policy As We All Once Knew It And the world hasn’t even noticed yet. People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades. […]
Perversity: Thy Name is Dollar
Perversity: Thy Name is Dollar If you ask most people, “what is money?” they will answer that money is the generally accepted medium of exchange. If you ask Google Images, it will show you many pictures of green pieces of paper. Virtually everyone agrees that money means the dollar. Image credit: Cildo Meireles Breaking Down the Dollar Monetary […]
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 […]
What? Default? Where? Dollar?
What? Default? Where? Dollar? It won’t come as a surprise to anyone that the first half of 2020 has brought, among many other things, renewed calls for the demise of the US dollar. It’s been pretty much a non-stop call for over a decade now, and longer. But this time, like all previous ones, I’m […]
Peter Schiff Doubles Down on the Dollar
Peter Schiff Doubles Down on the Dollar Last year at the Vancouver Resource Investment Conference, Peter Schiff bet Brent Johnson a gold coin that the Fed’s next move would be a rate cut. At this year’s conference, Peter collected his gold coin. Brent and Peter went on to debate the future of the US dollar. Brent […]
The Next Pearl Harbour? China’s Gold-Backed Crypto Currency Will Blindside US Dollar
The Next Pearl Harbour? China’s Gold-Backed Crypto Currency Will Blindside US Dollar “A date which will live in infamy.” Indeed, this weekend marks the 78th anniversary of the attack on Pearl Harbor in Hawaii, which opened the door for the United States to enter World War II. Turn on your TV and you will see military mavens rambling […]
In Unprecedented, Shocking Proposal, BOE’s Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency
In Unprecedented, Shocking Proposal, BOE’s Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency After Jerome Powell’s neutral-to-slightly-dovish-but-mostly-boring speech on Friday morning, investors could be forgiven for suspecting that this year’s Fed-sponsored gathering in Jackson Hole might be disappointingly dull (especially with all that’s going on in Trump’s twitter feed, the escalating trade war and escalating geopolitical […]
How Iran Will Determine If The US Dollar Remains The World’s Reserve Currency
How Iran Will Determine If The US Dollar Remains The World’s Reserve Currency For almost two centuries, Sterling reigned supreme as the world’s reserve currency, propping up the vast British Empire which was the world’s superpower during the 19th century and the early 20th. Then, in the span of just a few months, everything changed […]
The Dying Days Of An Empire
The Dying Days Of An Empire Something’s been nagging me for the past few days, and I’m not sure I’ve figured out why yet. It started when Donald Trump first called off the alleged planned strikes on targets in Iran because they would have cost 150 lives, and then the next day said the US […]
“The Dollar Is Becoming Toxic” – Russian Intel Chief Slams “Aggressive, Unpredictable” US Behavior With the latest TIC data showing China following Russia’s lead and reducing its US Treasury exposure (to two-year lows), as it increases its gold reserves (for six straight months), the unipolar US hegemon faces an ugly trend among the ‘rest of […]
Why Dollar Dominance Drops to Lowest Mark Since 2013
Why Dollar Dominance Drops to Lowest Mark Since 2013 According to the IMF, the U.S. dollar is known as the “Global Reserve Currency”. There are a number of reasons for this, but mainly because it’s backed by the U.S. economy. That economy is fraught with uncertainty at the moment. But that isn’t the only issue plaguing the U.S. […]
