Dow 10,000 so what Peter Schiff Vlog-Consumer Spending,Gold New High,Dollar New Low
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Dollar clobbered again today, crude oil oh oh...
The dollar is tumbling to its lowest level in more than a year against the euro. CHARLES GOYETTE, author of 'THE DOLLAR MELTDOWN,' and Mike O'Rourke, of BTIG, share their outlooks on the dollar.
Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital. The dollar's share of new cash in
Ben Bernanke's dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency.
Hyperinflation? Meltdown? Devaluation? New World Order? Not trading oil in dollars? China not buying US Dollars anymore? What do these things all have to do with you?
The U.S. dollar slumped to a new 14-month low versus major counterparts on Tuesday as investors favored gold, often viewed as the most stable currency, with the greenback's losses softened by a drop in U.S. stocks amid concerns about the strength of
As the Nobel Prize committee was voting one way on Barack Obama's promise for the world's future, the global marketplace was holding a very different vote on America's future.
I would add that even keeping your cash in a bank exposes you to the counterparty risks of your bank being closed down AND the possible defaulting of the FDIC. The possibility of the latter would have been completely dismissed even a year ago. Anyo
I was recently thinking about what has transpired in this country in the past decade: first the equity bubble, then the real estate/credit bubble and the steady debasement of the dollar (where a trickle of trouble threatens to turn into a flood).
Gold rose to a record in London and New York on speculation that a weakening dollar and faster inflation will boost the appeal of precious metals. Platinum and palladium climbed to the highest price in more than a year and silver advanced to its cost
Currencies that have the lack of support of petroleum, metals, and have a liberal central bank posture toward printing money are currencies that will continue to be punished,” said Peter Kenny, managing director in institutional sales at Knight Equit
recent Rasmussen poll, for instance, found that 88 percent of Americans say the dollar should remain the dominant global currency. Now, the average voter may not fully understand the subtleties of international finance nor appreciate exactly how a d
When Bloomberg runs articles like this, you have to wonder.... Oct. 12 (Bloomberg) -- Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two-quar
This should send fear into the hearts and minds of anyone who does not own physical gold and silver - and I'm I don't mean GLD, which is nothing but a pure derivative of gold:
A recent piece by Barclay's Steven Englander demonstrates how everybody and the kitchen sink is soundly amused by Geithner's call for a strong dollar. "The IMF Composition of Official Foreign Exchange Reserves data suggest that central banks are doin
The dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said."The US dollar is being hurt by the continued talk of a shift
What's happening to the dollar? That's the question dominating the world's financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar's decline is now gaining momentum.
We know that gold is soaring.And we know the dollar is slumping. But, did you know that year-to-date, while the S&P 500 is up 18 percent—a great showing no doubt—gold is up even more.The precious metal is up 21 percent. In other words, measured in tr
To say this is not orchestrated by China is professed ignorance. They warned the US not to monetize the federal debt. We did. They warned the US not to reappoint Bernanke as USFed Chairman. We did. Next is transformation with consequences. A new impo
Imagine if the U.S. had raised interest rates the world has realized they can buy a cheap dollar does the U.S. Government prop up the stock market, prop up the housing bubble yet destroy the dollar?
A Kremlin aide said on Thursday it could be advantageous to switch to non-dollar oil payments, but that he had not heard of any discussions on the issue. Britain's Independent newspaper reported on Tuesday that Russian officials had held "secret mee
Trichet also stated that he trusts his US counterparts (big mistake!) as to their statement on the strong-dollar policy. “When the Secretary of the Treasury and our friend Ben Bernanke say that a strong dollar is in the interests of the US economy ”
There are many proponents of financial experts and public officials who support ending the Federal Reserve System and one of these men is Celente himself who believes, "We can’t print money out of thin air, backed by nothing and producing practically
Peter Schiff, President of Euro Pacific Capital and author of "Crash Proof 2.0," recently spoke with Fox Business News about this week's surge in gold prices and foreign mining stocks.
The central banks of several Asian countries that are fearful of the impact a weak dollar will have on their exports, intervened in the markets on Thursday to buy the troubled U.S. currency.
The report by Robert Fisk, the newspaper's Middle East correspondent, was published on Tuesday and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong. Al Jazeera has this exclusive interview with Robert Fisk
Asian central banks intervened heavily in the currency markets on Thursday to stem the appreciation of their currencies against the US dollar amid fears that their exports could be losing ground against China.
Can Obama, Washington, DC & Congress fix US Economic crisis, recession, Dollar & economy? Will Obamas bank bailout, stimulus, Republicans, Democrats, Ron Paul fix recession? Read The Dollar Meltdown, Charles Goyette.
America's most independent talk show host. Part One: America’s Economic Crisis: What Happened? A Series of Short Video Comments to Help You Survive and Profit from the Coming Dollar Meltdown!