Search Results for: currency

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 …

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Currency war against Iran: Rial drops 20% in one day

The economic war waged against the people of Iran by the United States and the European Union is beginning to show results. “Iran’s rial plunged against the U.S. dollar in open-market trade on Monday, taking its loss in value over the past week to more than a quarter in further …

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Reserve Bank of Australia is printing money for foreign banks

Australian money

Global banking giant UBS says the Reserve Bank may be printing money to keep the Australian dollar under control. UBS analysts Gareth Berry and Andrew Lilley say the evidence that the RBA may have been printing Australian dollars is compelling, but not yet conclusive. The main evidence the analysts cite …

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Pictures from Zimbabwe

Just because “Spanish banks are fine” 12 days before they got a full-blown bailout, and global hyperinflation can never happen in this world, where every central planner is now preparing to hold the CTRL and P buttons until the bitter end, here are some pictures from Zimbabwe.   And some charts: …

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Does China plan a Gold-backed Renminbi?

We expect the Chinese central bank to continue gradually accumulating gold, and we think that it might be planning a gold backing for the renminbi. If that were to happen, international acceptance would soar. Not for nothing was the enormous amount of gold reserves in the United States (N.B. the US …

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Aristotle and the definition of money

Aristotle

There are countless tips on how to make money. This article is not about that. Rather, we examine the definition of money, what makes good money, and how some bad monies stay bad while others have become acceptable through new ideas and technology. In the end we will talk about …

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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 …

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Australia doomed: debt ceiling raised $200b, central bank given $8.8b

Federal Treasurer Joe Hockey

The Federal Government has given the Reserve Bank of Australia a $8.8 billion one-off grant to help it manage future economic crises. The money will be added to a fund used to offset the central bank’s exposure to risky financial assets. Federal Treasurer Joe Hockey says Australia’s economy continues to …

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The global central banker directory

If there’s printing going on in your neighborhood Who you gonna call? CENTRAL BANKERS! If a loaf of bread costs a trillion bux Who you gonna call? CENTRAL BANKERS! The Newer New Normal in paper destruction has arrived, and Benny and the Inkjets will soon learn that the one response …

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Signs of the gold standard emerging in China?

China gold standard

As noted in last week’s column about the rising recognition by authorities in Germany about the virtues of gold, the gold standard is receiving impressive new recognition internationally. The GOP plank calling for a commission to study “possible ways to set a fixed value for the dollar” — with an unmistakable nod …

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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 …

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Gold, silver and a major October surprise – Celente

gold

Today top trends forecaster Gerald Celente told King World News, “They (central planners) are going to destroy the money, and they are going to do everything to try to keep the gold and silver markets down.”  Celente warned about a major “October surprise.” He cautioned, “Anything could happen at any time. …

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WikiLeaks bypasses financial blockade with Bitcoin

People shouldn’t fear their government; government should fear its people. Publishers and journalists will not be intimidated nor silenced. Now entering day 626 of the financial blockade against WikiLeaks, Julian Assange sits in the Ecuadorian Embassy in London awaiting safe passage. Following a massive release of secret U.S. diplomatic cables in November …

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The US will be on a gold standard in 12 to 24 months – Schiff

Gold Standard America Peter Schiff

Today Peter Schiff stunned King World News when he said the US will be back on a gold standard “… in a year or two.” Schiff also said, “I would have expected a (financial) collapse to have already happened.”  Schiff went on to warn, “… at this point I’m going to …

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What to Know About Cryptocurrency ATMs

The process of buying or selling Bitcoin and other digital currencies is not difficult. However, buyers have to find sellers and vice versa to complete the transaction. In some cases, it becomes necessary to complete the transaction in-person as opposed to online. The good news is that digital currency ATM …

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