Search Results for: usd

Federal Reserve: $75 billion a month in bond purchases

Ben Bernanke

The Federal Reserve will decrease the amount of bonds purchased by the United States central bank, Chairman Ben Bernanke said Wednesday, by roughly $10 billion per month. Bernanke was about to make his last scheduled news conference as head of the Fed on Wednesday afternoon when the bank’s newest plan …

Read More »

“Pay me in gold before dollars have no value” says politician

Jerry O'Neil gold

Jerry O’Neil, six-term GOP state representative in Montana, has asked to receive his salary (which at $10.33 per hour is around $1800 per month) in gold or silver. The long-standing legislator was driven to this decision by his constituents’ concerns about the nation’s massive debt-load and fears of our country’s collapse as “only so …

Read More »

Dollar collapse: 7 of 10 Asian countries turn to yuan

USD Dollar Yuan money

A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China’s successful bid to internationalize its currency, a research report has said. The Peterson Institute for International Economics, or …

Read More »

Election 2012: How the winner will destroy America

obamney obama romney

After all the hollow and uninspired elections that this country has suffered through over the past several decades, one might think that at some point long ago the American public would have finally struck a plateau of disenfranchisement; that we could sink no further into despondency, that there is a …

Read More »

Syria insurgents receive salaries in US dollars

Syria insurgents paid in USD

Foreign-backed insurgents in Syria have admitted that they receive salaries from their regional and trans-regional supporters in US dollars for fighting against the government of President Bashar al-Assad. The insurgents make thumbprints in ink next to their names and receive USD 150 a month for fighting against Syrian military forces. …

Read More »

China can now monetize US debt directly

The Treasury, apparently dissatisfied with the speed of indirect bank and/or Fed-inspired monetization of its exponentially rising debt-load at ever-cheaper costs of funds, decided in June 2011 to allow the Chinese, with their equally large bucket of USDs to bid directly for US Treasuries. As Reuters reports, China can now bypass Wall …

Read More »

The Gold War

Gold

The global financial crisis is better described as a global monetary war to defend the toxic US Dollar, whose sunset can be seen.In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War. Nations are …

Read More »

Dollar no longer primary oil currency as China begins to sell oil using Yuan

oil pump man

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970’s, when Henry Kissinger forged a trade agreement with the Royal house of …

Read More »

Currency wars for dummies

Currency wars

When it comes to global currency warfare, one can read countless books (all of which professing to be the definitive reference guide for a process that started in the… 1930s), or one can fast forward, save lots of time, skip all the repetitive verbiage and simply observe the following charts which summarize the …

Read More »

How long will the dollar remain the world’s reserve currency?

We frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that our dollar will always retain its value in an ever shifting world economy.  But this is a dangerous and mistaken assumption. Since August 15, 1971, when President Nixon closed the gold window …

Read More »

Punk Economics: world economics made fun and easy

The Punk Economics series by Irish economist David McWilliams is a great way to get up to speed as to what is going on with the world economy in a quick, fun and easy to digest manner. So without further ado let’s get started…. For more information on David McWilliams …

Read More »

Citibank to pay $425m to settle manipulation charges, no one jailed

Citibank manipulation charges settled

The Commodity Futures Trading Commission on Wednesday ordered Citibank to pay $425 million to settle charges including attempted manipulation and false reporting of several key currency-valuation benchmarks. The regulators said $250 million in the settlement relate to the U.S. Dollar International Swaps and Derivatives Association Fix between January 2007 and January 2012. The USD …

Read More »

Dollar Value Rises As Trump Readies Additional Tariffs for China

The value of US dollar in the Forex market shot up significantly on Friday last week following Trump’s reported move to direct aides to proceed with imposing tariffs on China. This is despite attempts by Treasury Secretary Steven Mnuchin, to restart talks with China on the matter. That led to …

Read More »

America’s lost decade in one simple chart

America food stamps

Forget the stock market’s dismal decade of much-ado-about-nothing and ignore the USD Dollar’s declination; when it comes to reflection on what this once great nation has ‘created’ since 2001, the following chart from Pennsylvania’s Department of Public Welfare sums it up better than most. Source: http://www.zerohedge.com/news/2012-11-27/americas-lost-decade-one-simple-chart

Read More »

Obama & Trump Square out on Politics of Job Creation

Obama Trump politics jobs

According to the recently released report by the Bureau of Labour Statistics, the US added 178,000 jobs in November. In addition, unemployment rate fell to the low levels of 4.6% which were last seen in 2007; a drop from 4.9% in October. This comes as some of the last economic …

Read More »

$60 trillion of world debt visualised

Global debt by country

The graphic below breaks down the $59.7 trillion of world debt by country, as well as highlighting each country’s debt-to-GDP ratio using colour. The data comes from the IMF and only covers public government debt. It excludes the debt of country’s citizens and businesses, as well as unfunded liabilities which are not …

Read More »