Tag Archives: Dollar

Fed Desperately Concerned About the Dollar-Paul Craig Roberts

From YouTube: Economist Paul Craig Roberts says, “If bullion (gold and silver) were not a threat, the government would not be attacking it.” Not only is the Fed debasing the dollar, but the Fed and IMF encourage other countries to … Continue reading

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Central banks souring on the dollar

The World Gold Council had some words of advice for central banks around the world: It may be time to diversify away from the U.S. dollar. While the dollar remains the world’s main reserve currency, the WGC said in a … Continue reading

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Analysis: China’s currency foray augurs geopolitical strains

“It’s our currency and your problem,” U.S. Treasury Secretary John Connally famously said of the dollar in 1971. More than 40 years later, China is doing something about it. Fed up with what it sees as Washington’s malign neglect of the dollar, … Continue reading

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The risk of stealth bank runs in periphery euro nations turning into full scale bank runs are deepening

What is worse than a bank run? A stealth bank run. European governments and media do not want bank runs reported even though they have occurred for several months. What are people putting their faith (and assets) for currency: Dollar … Continue reading

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The People’s Bank of China will benefit Russian banks, trading on the MICEX yuan-RTS

It would appear that Russia and China are expediting their currency transfer from the US dollar to their own currencies. Once the USD is replaced with an international “basket” of currencies and commodities (gold), the printing presses at the Treasury … Continue reading

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How Much Longer Will the Dollar Be the World’s Reserve Currency?

Bank holiday was considered by Obama in 2009 The following articles show a progression since late 2010 of countries abandoning the dollar (USD) as the world’s reserve currency. There are multiple reasons why the average American should be concerned: 1. … Continue reading

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Is the Flight to the Dollar about to End?

An article on Zerohedge.com speculates on how the consequences of the dissolution of the European Union on the value of the Euro. An interesting scenario at the bottom of the article offers a prediction if a partial North-South split occurs. … Continue reading

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Stick a fork in the euro, it’s done

The above title comes from a short report on Zerohedge.com outlining the replacement of the Euro in Germany with the Deutsche mark: Curious what the talking heads will be discussing all weekend parallel to the joke that is the European Summit #1, not … Continue reading

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The Dead Cat Bounce by the US Dollar

This is a classic dead cat bounce by the US Dollar as it appears to fight desperately to avoid dropping below the much watched ‘72 level. We say fight, but the real situation is not a fight at all, it’s … Continue reading

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