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Bitcoin Cash: $ USD
If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies? Well, it is because everybody is recklessly printing money now.
He cited statistics from the United States Mint showing that its issuance of the American Eagle silver bullion coins generated more than $55 million in profit in 2010.
In a guest column for the Financial Times, Zoellick said China's yuan should be given a bigger role within a restructured system, echoing remarks made last week by the head of the International Monetary Fund, Dominique Strauss-Kahn.
This means the CBs are well on their way to losing the imposed gold standard wars. Look for the USD to take a big step lower shortly as nominal values of everything do the inverse.
On Monday, French Economy Minister Christine Lagarde said her country will work to realize a planned transition to a global financial system based on several international currencies. France is currently head of the G20.
Since national fiat currencies are unstable, let us migrate to global ones ...
The U.S. Dollar Needs To Be Replaced As The World Reserve Currency And SDRs “Could Constitute An Embryo Of Global Currency”
The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.
Since national fiat currencies are unstable, let us migrate to global ones ...
Made mostly of steel and simply heavily plated with silver, China is making these things by the thousands.
Dominique Strauss-Kahn, managing director of the International Monetary Fund, has called for a new world currency that would challenge the dominance of the dollar and protect against future financial instability.
Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. ... Access your money from anywhere in the world with an internet connection. A great audio de
Nassim Taleb, author of “The Black Swan,” said the “first thing” investors should avoid is U.S. Treasuries and the second is the dollar.
Federal Reserve Chairman Ben Bernanke said on Thursday that despite recent signs of improvement in the U.S. economy, the recovery still needs help from the Fed.
A fight is looming between rich and poor countries over the value of the dollar and other key currencies, as governments use monetary tricks to boost their national recovery at the expense of other nations, political and business leaders warned Satur
This is a rather long-winded and dry analysis, but the summation near the end is rather informative, and not nice.
HOW I WOULD INVEST A $100,000 WINDFALL: I would probably put 80% in precious metals. ADVICE FOR INVESTORS: They should be in fear of the whole financial system collapsing.
It is also rumored that Chinese agents are going to the commodities exchanges, using their Treasuries as collateral to control commodities contracts. This indirectly secures ownership of the commodity, without having to actually sell Treasuries.
Russell compares the dollar to the foundation of a house. When it crumbles (soon) the whole thing will come crashing down. To prepare for this scenario you should get the hell out of dollars:
"We have at this particular stage a fiat money which is essentially money printed by a government and it's usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which...
Which of the currencies of the world is going to be the first to come crashing down? Well, let’s take a quick look at the yen, the euro and the dollar….
The Chinese have decided to devalue the US dollar’s buying power, without devaluing the US Treasury holdings they hold. It is an elegant solution to their issues. It will be interesting to see if they can pull it off...
"This printing money is going to lead to huge trouble. It’s going to lead to higher interest rates. It’s going to lead to more inflation and at some point there is going to be a train wreck in the currency and the bond market."
The heck with a single currency. Oh, wait ... let everyone print it.
Once again the biggest threat continues to be the rotation by China out of US Treasurys and into other securities...
I believe we are seeing the very early stages of a great monetary crisis that will, eventually, lead people (and then their politicians) to return to gold- and silver-backed currencies. – Porter Stansberry, May 4, 2006
History is littered with the carcasses of men that in their exaggerated hubris attempted to stop the forces of nature and the markets only to fall flat on their faces.
In its latest step to make the renminbi a competing global reserve currency, China’s predominantly state-owned Bank of China will now let individuals open renminbi savings accounts… in the United States.
ECB buying Portugal's debt... Bullish on natural gas... End of America Watch... China protecting its agriculture... Can states file for bankruptcy?... Last day to register for Retirement Conference... Porter's court case, again...
A judge granted GATA's motion to order the Fed to produce in complete form for the judge's private review 20 gold-related documents the Fed has sought to keep secret. Fed to deliver the documents by Friday.
