On Jan. 13, Peter Schiff appeared on RT Boom Bust with Bubba Horwitz to talk about the yuan, the dollar, the stock market and the US economy. Peter said the dollar is eventually going to collapse and it's going to be a rude awakening for Americans.
America's tariffs against China are already showing signs of undermining the global economy and will create a funding crisis for the Federal Government when it leads to foreigners no longer buying US Treasury debt and selling down their existing do
Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States, as reported by Cointelegraph on No
Editor's note: This is not the first time Putin has said that dollar's status as the world reserve currency is being eroded (and that America's own weaponization of it was to blame). It is also not the first time he has communicated this is som
Josh Sigurdson talks with Tim Picciott of The Liberty Advisor about the countless countries swapping out of the US dollar as concerns regarding the faith in the dollar pile up. The dollar's only hope is renewed faith, but as we've seen in recent year
When I'm talking to a public group, it's surprisingly common for me to get questions about when or whether the US dollar will fade as the world's dominant currency.
I think it's clear to everyone now" exclaimed Russian President Vladimir Putin, (and French President Macron recently said so publicly), "that the leading role of the West is ending. I cannot imagine an effective international organization without
Fiat Money Woes
Monday was Labor Day holiday in the US. The facts are that the euro lost another 1.4%, the pound another 1.1%, and the yuan another 0.9% last week.
Last week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix.
While Jerome Powell's highly anticipated Jackson Hole speech was, in the words of Brean Capital's Russ Certo "underwhelming and anti-climatic", one couldn't say the same for the shocking luncheon speech by Bank of England's outgoing governor, Mark Ca
Investing is hard enough that there isn't much room for unforced errors, yet many investors allow themselves to get distracted and miss important things.
It is rare for Wall Street analysts to break the echo chamber of the intellectual Trump #resistance - after all, "Orange man crazy, his tweets make no sense" remains all the rage among those who are paid 7 figures for their (mostly wrong) economic in
President Trump has never been a fan of the strong dollar. And after beating around the bush for months by demanding a 50 bp rate cut and more QE from the Fed, it seems the president is now explicitly calling on the US to artificially weaken the gree
Nine months ago, as US Treasury yields were drifting lower from a seven-year high reached in May of last year, we pointed out a curious development in the market for US sovereign debt that to our complete lack of surprise had been overlooked by the m
The U.S. dollar (USD) is on thin ice.
I say this because it's close to "rolling over."
See for yourself. This chart shows the performance of the U.S. Dollar Index since the start of 2017. This index tracks the dollar's performance again
• AntiWar.com by Medea Benjamin and Nicolas J. S. Da
When the Trump administration unilaterally pulled out of the Iran nuclear agreement in May 2018 and announced it would reimpose sanctions against Iran, the European Union (EU) declared its commitment to preserving the agreement and finding ways for i
Commentary by Gary Gileno: A package of 600 Great Value paper napkins purchased several years ago from WalMart cost $3.97. The same brand a few years later was the same price, but there were only 500 napkins. Last week, the same brand in new packagin
Cryptos are not real money, only gold is, but a massive crypto bubble and crash could take down fiat currencies with them paving the way for gold and global de-dollarization
In 2018 Russia's Central Bank, dumped $100bn in US bonds, got the share of dollars in foreign reserves down to just 22%, bought up a bunch of yuan ($44bn in just the first six months), and added a record 274 tonnes of gold -- more than the country mi
(And How It May Be a Lot Different Than Folks Expect)...When we think of "economic collapse" our imaginations usually lead us immediately to the desperation we've witnessed in places like Venezuela or Greece. We think of starvation, a complete
"Your cash is not wanted here", a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new "cashless" approach -- speed, efficiency, and the safety of st
Whenever you put government in charge, you get a big mess. That's exactly what we have. President Trump campaigned against a "big, fat, ugly bubble," and then took ownership of it. Big mistake. The Fed has twisted the economy into a Gordian Knot, and
These Countries Are Quickly and Quietly Dumping the Dollar ...Over the past few months, there has been a steady uptick in the number of countries dumping significant portions of their dollar holdings. This is causing many people to worry whether or n
China has just dumped its biggest load of United States treasuries in 8 months. China's share of US Treasuries holdings had the highest decline since January back in September, as the ongoing and ever-increasing trade tensions with Washington forc