Silver as an investment

Category Archives: Monetary hegemony

Lies And Distractions Surrounding The Diminishing Petrodollar

“It’s A Huge Story”: China Launching “Petroyuan” In Two Months

As a reminder, nothing lasts forever… The World Bank's former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system. "The dominance of the greenback is the root cause of global financial and economic crises," Justin Yifu Lin told Bruegel, a Brussels-based […]

Rickards Warns “Prepare For A Chinese Maxi-Devaluation”

Authored by James Rickards via The Daily Reckoning, China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results. Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital […]

SDR: The New Global Currency

By Chris at www.CapitalistExploits.at Bollocks! Hi there, I’ve been hearing a lot from private bankers lately (they’re always trying to flog you product), though the topic being discussed amongst themselves is that of the SDR going mainstream, and they’ve been asking my opinion. We don’t have to look far to understand why. End of the US […]

Offshore Yuan Tumbles To 2-Week Lows, Biggest Drop Since Election

Offshore yuan has now dropped almost 16 handles in the last 8 days since Chinese officials voiced their concerns "about a rallying yuan as exporters come under strain." Tonight's tumble pushes the Yuan to its lowest since August for the biggest 8-day drop since the election…   And offers Trump some excuses to be mad […]

Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards

Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards – Trump could be planning a radical “reboot” of the U.S. dollar– Currency reboot will see leading nations devalue their currencies against gold– New gold price would be nearly 8 times higher at $10,000/oz– Price based on mass exit of foreign governments and investors from […]

Stop Venezuela’s Economic Death Spiral — Dollarize, Now

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Venezuela’s bolivar is worthless and its annual inflation rate is the world’s highest: 1195%. Not surprisingly, Venezuelans get rid of their bolivars like hot potatoes and replace them with U.S. dollars. So, Venezuela is, to a large extent, unofficially dollarized.  […]

The Globalist One World Currency Will Look A Lot Like Bitcoin

Authored by Brandon Smith via Alt-Market.com, This week the International Monetary Fund shocked some economic analysts with an announcement that America was "no longer first in the world" as a major economic growth engine. This stinging assertion falls exactly in line with the narrative out of the latest G20 summit; that the U.S. is fading […]

There Is Only One Empire: Finance

Authored by Charles Hugh Smith via OfTwoMinds blog, Any nation-state that meets these four requirements is fully exposed to a global loss of faith in its economy, debt, balance of payments and currency. There's an entire sub-industry in journalism devoted to the idea that China is poised to replace the U.S. as the "global empire" […]

Lagarde Hints At IMF Being Based In China In Future

In a comment sure to stir up questions over dollar hegemony (and new world order conspiracy thoughts), IMF Managing Director Christine Lagarde admitted during an event today in Washington that The International Monetary Fund could be based in Beijing in a decade. As Reuters reports, Lagarde said that such a move was "a possibility" because […]