BY JOHN RUBINO Not so long ago, Europe seemed to have its financial house more-or-less in order. German government spending was actually falling. Industries that had been nationalized in the socialist 70s were being privatized. The […]
Submitted by cpowell on Thu, 2019-06-20 01:51. Section: Daily Dispatches By Ambrose Evans-Pritchard The Telegraph, London Wednesday, June 19, 2019 https://www.telegraph.co.uk/business/2019/06/19/currency-war-next-phase-… Europe has been warned. Any use of monetary levers to hold down the euro exchange rate […]
by Tyler Durden Whether or not the PBOC finally decided to show the US it means business with the “weaponized” Yuan, but moments after today’s PBOC yuan fixing, which dropped against the dollar by a whopping […]
MAY 2, 2016 BY JOHN RUBINO The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down […]
BY JAMES RICKARDS Currency wars are like real wars in more ways than one. They can last longer than the combatants expect, and produce unexpected victories and losses. Real wars do not involve all fighting, […]
CHARLES HUGH SMITH When a currency peg breaks, it unleashes shock waves of uncertainty and repricing that hit the global financial system like a tsunami. The U.S. dollar has risen by more than 35% against […]
by Raúl Ilargi Meijer Berenice Abbott Broome Street, Nos. 504-506, Manhattan 1935Though she had no intention of being funny, we laughed out loud, as undoubtedly many did with us, when incumbent and wannabe IMF head […]
Mac Slavo There is a war, a currency war, and the war is, ultimately, on us. In many respects, Americans have fallen far, and hard, from the liberty they once had. Rather than living under […]
Joshua Krause Editor’s Comment: What is really going on in China? What is the motive, and what is it about? Who is behind these explosions? Are we witnessing a covert economic/cold war between China and […]
By Mahdi Darius Nazemroaya The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their […]
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