Tag Archives: Dollar

Bank Of America Warns “The US Dollar Is In Trouble”

Posted on February 16, 2014 by DRenegade

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML’s Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US … Continue reading →

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China Announces That It Is Going To Stop Stockpiling U.S. Dollars

Posted on November 21, 2013 by DRenegade

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.  The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”.  During … Continue reading →

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And So It Starts: the End of the Dollar

Posted on November 21, 2013 by DRenegade

China Fires Shot Across Petrodollar Bow: Shanghai Futures Exchange May Price Crude Oil Futures In Yuan With the US shale revolution set to make America the largest exporter of crude, however briefly, the influence of Saudi oil is rapidly declining. … Continue reading →

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9 Signs That China Is Making A Move Against The U.S. Dollar

Posted on October 18, 2013 by DRenegade

By Michael Snyder The following are 9 signs that China is making a move against the U.S. dollar… #1 Chinese credit rating agency Dagong has downgraded U.S. debtfrom A to A- and has indicated that further downgrades are possible. #2 China has just … Continue reading →

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The sun is setting on dollar supremacy, and with it, American power

Posted on October 15, 2013 by DRenegade

All great empires – from the Greek, to the Roman, the Spanish and the British – have at their heart a dominant means of exchange which is very much part of their political and social hegemony. Once upon a time, … Continue reading →

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China calls for new global currency

Posted on October 12, 2013 by DRenegade

China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week’s London summit on the financial crisis. The surprise proposal by Beijing’s central bank governor reflects … Continue reading →

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US Dollar Is No Longer Welcome in Syria

Posted on August 4, 2013 by DRenegade

Assad has banned the US dollar in Syria. Most people would say “so what”. As Qaddafi found out in Libya, dictators are not allowed to challenge the supremacy of the US dollar. Does this mean that Al Qaeda must use … Continue reading →

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Fed Desperately Concerned About the Dollar-Paul Craig Roberts

Posted on April 10, 2013 by DRenegade

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

Posted on March 27, 2013 by DRenegade

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

Posted on October 4, 2012 by DRenegade

“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

Posted on May 29, 2012 by DRenegade

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

Posted on May 3, 2012 by DRenegade

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?

Posted on January 21, 2012 by DRenegade

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?

Posted on January 14, 2012 by DRenegade

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

Posted on October 21, 2011 by DRenegade

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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