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Donald & the Dollar

from Antonius Aquinas:

John Connally, President Nixon’s Secretary of the Treasury, once remarked to the consternation of Europe’s financial elites over America’s inflationary monetary policy, that the dollar “is our currency, but your problem.” Times have certainly changed and it now appears that the dollar has become an American problem.

In a recent […]

Bitcoin Freefall: Prices Drop Nearly $200 in 1 Hour

by Stan Higgins, Coin Desk:

Bitcoin prices tumbled sharply this morning. According to data from CoinDesk’s Bitcoin Price Index, markets averages dropped only days after passing the $1,000 mark on 1st January. This morning’s fall came after prices reached a high of $1,153.02 in early morning trading.

Still, despite coming within reach of […]

Dollar and Yuan Cash In on the Global Money-Printing Trend

by Alasdair Macleod, Mises:

There is little doubt that the rapid expansion of both dollar-denominated debt and monetary quantities since the financial crisis will lead us into a currency crisis. We just don’t know when, and the dollar is not alone. All the major paper currencies have been massively inflated in recent years. […]

What the Heck’s Going on with the New Global Reserve Currency, the Chinese Yuan?

by Wolf Richter, Wolf Street:

A “structural change”: capital flight in yuan.

The Chinese yuan fell to 6.722 to the US dollar currently, the weakest since September 2010. It’s down 3.3% so far this year. OK, a squiggle compared to the wholesale drubbing the UK pound has been taking since the Brexit vote, […]

RMB Enters the SDR, But According to Beijing This is Only the Beginning

from Rogue Money:

Late on Friday in the U.S., which was October 1 for many parts of the world, the Chinese RMB currency was officially placed into the IMF’s Special Drawing Rights basket. And despite the fact that China has been internationalizing the Yuan at an ever accelerating rate since 2013, this move into […]

China SDR and the End of the World

by James Corbett, The International Forecaster:

I’m not sure how to break this to you, but it appears the world is ending this weekend. Or at least that’s what you’d believe if you were reading certain corners of the internet.

As you may have already heard, the UN is “taking over the internet” this […]

Could the Chinese Yuan in the IMF SDR Spike Gold & Silver High this Fall? – David Morgan Interview

from CrushTheStreet:

RMB Hegemony Growing as China Opens First Yuan Clearing House in the U.S.

from Rogue Money:

On Sept. 21, the internationalization of the Yuan currency just took a big leap as the Federal Reserve Board confirmed an agreement with the Bank of China to begin operations of a new RMB clearing house in the United States.

Beginning in September of 2015, the U.S. began negotiations with China […]

ARE YOU READY FOR THE END GAME? […It’s Coming] — Andy Hoffman

by SGT, SGT Report.com:

Andy Hoffman is back to kick off September by helping us document the collapse. From 6.2 BILLION in PAPER Gold dumped on the futures market in just the past week to BREXIT 2 which Andy predicts is coming in November when Trump beats Hillary, the end game is coming into […]

China’s Monetary Ascension Is Paved with Gold

by Stefan Gleason, Money Metals:

The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance.

Could gold also begin to emerge as a leading currency in world trade? […]

Dollar Disaster Looms? China and Russian Currencies Break Away

from The Daily Bell:

Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional amendment that mandated the new […]

SILVER JUST TOOK OUT $20: “We are at a flashpoint in history” — Andy Hoffman

by SGT, SGT Report.com:

Silver just took out $20 in Sunday night Globex trading, but that’s not all, silver briefly pierced $21 Sunday night before settling back to the mid $20’s. Andy Hoffman from Miles Franklin joins me for a Sunday update and warns, “We are at a flashpoint in history… there is literally […]

It’s Official! Chinese Internationalization of the Yuan is Now Underway

from Rogue Money:

On June 8, the London Stock Exchange issued the first Chinese offshore sovereign bond, setting the table for the internationalization of the Renminbi currency. This move had been months in the making when the City of London had signed an agreement to participate in Yuan denominated Chinese bonds being sold in […]

It Begins, The Yuan Goes Global As China Grants US First Investment Quota – Episode 992a

from X22Report:

Consumer credit slows in April, people are maxed out. Minimum wage hike hits many areas and employers start to reduce hours and layoff people. Hiring tumbles as companies put out more job openings. Student loans completely backfire, students are in more debt and have no jobs, this entire bubble is a disaster. […]

China Devalues Currency Tthen Tells the U.S. They Want to be Involved in Dollar Policy Changes

by Ken Schortgen Rogue Money:

After a subsidiary of the Chinese state purchased the J.P. Morgan HQ building directly across and connected to the New York Federal Reserve a few years ago, it was rumored that China not only held a large stake in the bank itself, but are also now a partial shareholder […]

Could The Yuan Supplant The Us Dollar? – Valentin Katasonov

by Valentin Katasonov, The News Doctors:

Many believe that the US dollar and the Chinese yuan could soon be engaged in a fierce battle for top honors in the world of international finance.

However, John Williams, the chairman of the Federal Reserve Bank (FRB) of San Francisco, stated on May 10 that the yuan […]

Former Morgan Stanley Chief Asia Economist: “Don’t Listen To The Ruling Elite, The World Economy Is In Real Trouble”

from Zero Hedge:

“Don’t listen to the ruling elite,” warns former Morgan Stanley Asian Economist, Andy Xie, “the world economy is on the cusp of a prolonged period of stagnation and instability.” Xie points out that the ruling elite is blaming it on people seeing things (skeptic and fiction peddlers), and that “their strategy […]