Tag Archives: USD

Analysis: China’s currency foray augurs geopolitical strains

Posted on October 4, 2012 by David

“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 →

Posted in Editorial, Financial | Tagged , , , , | Leave a comment

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

Posted on May 3, 2012 by David

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 →

Posted in Editorial, Financial | Tagged , , , , , , , | 2 Comments

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

Posted on January 21, 2012 by David

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 →

Posted in Civil Unrest, Editorial, Elections, Energy, Financial | Tagged , , , , , , , , | 2 Comments