Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $72,301
82%  
Woo hoo!! And now less than $15.7k to go!! Let's git 'er done. Thank you all very much!! God bless.

Keyword: currencies

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  • Bitcoin, Other Leading Cryptocurrencies Tumble After China Bans ICOs

    09/04/2017 8:21:29 AM PDT · by Enlightened1 · 16 replies
    Investing ^ | 09/04/17
    Investing.com - Bitcoin and the other leading cryptocurrencies all sold off sharply on Monday, after China banned individuals and organizations from raising funds through initial coin offerings, saying the practice constituted illegal fundraising. The People’s Bank of China said in a statement earlier that it had completed investigations into ICOs, and will strictly punish offerings in the future while penalizing legal violations in ones already completed. Individuals and organizations that have completed ICO fundraisings should make arrangements to return funds, the PBOC said, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. It also...
  • Saudi Authorities Panic As Speculators Drive Currency Down

    06/06/2016 1:26:43 PM PDT · by bananaman22 · 19 replies
    Oilprice.com ^ | 06-06-2016 | ZH
    With Saudi Riyal forwards plunging back below 3.81, dramatically weaker than the current peg, Bloomberg reports that Saudi authorities are cracking down on currency traders as speculation mounts that the world’s biggest oil exporter won’t be able to maintain the riyal’s peg to the dollar as revenue plunges. Saudi Arabia ordered banks in the kingdom to stop selling some products that allow speculators to bet against its currency peg just days after demanding information from lenders on the offerings, according to people with knowledge of the matter. The Saudi Arabia Monetary Agency sent a circular to banks this week saying...
  • Why Gold Has Been on a Tear in 2016 [UP 15% SINCE JAN. 1]

    02/11/2016 2:18:03 AM PST · by expat_panama · 44 replies
    Fortune ^ | February 9, 2016 | Aaron Task
    The stock market is having a horrible time so far in 2016, with the S&P 500 down more than 9%. Gold, on the other hand, is up nearly 10% year-to-date and hit a four-month high of just under $1200 per ounce on Monday before dipping 0.7% Tuesday to $1189.30. It's a bit of a cliche to say that people turn to gold in times of uncertainty: Sometimes that works, sometimes it doesn't. Gold did phenomenally well from 2000-2011 but really suffered after hitting nearly $2000 per ounce in 2011. From 2011 to 2015, the yellow metal pretty much fell in...
  • George Soros: We Are On The Threshold Of A Third World War

    05/27/2015 8:46:07 AM PDT · by aimhigh · 57 replies
    ETF Daily News ^ | 05/27/2015 | Paul Joseph Watson
    Billionaire investor George Soros told the World Bank this week that the planet is on the verge of a third world war that could arise out of an economic collapse in China. “If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war,” Soros said during a Bretton Woods conference. . . . . Soros said the only solution to the prospect was to allow China to join the IMF’s basket of global currencies so that...
  • Euro hits 12-year low, parity with dollar looms

    03/06/2015 5:20:35 AM PST · by SeekAndFind · 3 replies
    UT San Diego ^ | 03/06/2015 | By PAN PYLAS
    LONDON (AP) — The euro could soon be doing something it's only done a couple of times in its 16-year existence — trading 1-to-1 with the dollar. Europe's single currency has since May been on a downward trajectory against the dollar, mainly because of the divergence in economic performance between the eurozone and the United States. Where the eurozone's recovery from the global financial crisis has been at best anemic, the U.S. economy appears to be going from strength to strength. And that divergence is hurting the euro's fortunes. From $1.40 last spring, it is now trading below $1.10 for...
  • The Swiss National Bank is 48% Privately Owne, No Wonder They De-pegged from the Euro

    01/19/2015 8:23:41 AM PST · by SeekAndFind · 10 replies
    Pragmatic Capitalism ^ | 01/19/2015 | BY CULLEN ROCHE
    Here’s something I didn’t know about the Swiss National Bank: “Many economists believe that balance sheet losses are irrelevant for a central bank, so they should play no role in policy. But the SNB is 45 per cent owned by private shareholders, many of whom are individuals, who receive dividends from the SNB. The rest is owned by the cantons, which have been complaining recently about insufficient cash transfers from the SNB.This ownership structure contrasts sharply with most other central banks, which are in effect government departments, wholly owned by the treasury and therefore the taxpayer. The Swiss set-up makes...
  • The Greater the Turmoil, the Stronger the US Dollar. Again.

    02/10/2014 8:30:23 AM PST · by SeekAndFind · 6 replies
    New York Times ^ | 02/10/2014 | Jeff Sommer
    Chronic problems have been flaring up in financial markets lately, and some of them may emanate from the United States. Yet none of these issues have seriously damaged the exalted status of what Washington Irving once called “the almighty dollar.” In fact, a familiar pattern has been emerging: When the world’s financial system runs into trouble, the position of the dollar as the world’s crucial currency becomes more formidable. Eswar S. Prasad, a Cornell economics professor and senior fellow at the Brookings Institution, has written a thoughtful new book that clarifies this counterintuitive phenomenon. Its title is “The Dollar Trap:...
  • 10 Countries Hoarding Enormous Stockpiles Of Gold

    01/16/2013 6:51:59 AM PST · by blam · 17 replies
    TBI ^ | 1-16-2013 | Mamta Badkar
    10 Countries Hoarding Enormous Stockpiles Of Gold Mamta BadkarJanuary 16,2013AP Photo/Newmont Mining Germany is reportedly repatriating gold it has stashed with the New York Fed and the Bank of France, and some policymakers want to bring back all their gold in case the financial crisis worsens. People continue to debate whether gold is or should be considered money. However, this hasn't kept the world's central banks from increasing their gold reserves. The World Gold Council estimates that central banks have purchased 500 tons of gold in 2012, up from 465 tons last year. Analysts attribute some of the support in...
  • Keiser Report Episode 271 with Jim Rickards (Currency Wars author)[Video]

    04/10/2012 10:43:29 AM PDT · by Razzz42
    rt.com ^ | April 8, 2012 | Max Keiser talks to Jim Rickards
    In the second half of the show, Max talks to Jim Rickards about a BRICS currency, gold and the fog of currency war.
  • China and Japan Agree to New [Dollarless] Currency Dealings

    12/26/2011 5:51:06 PM PST · by DeaconBenjamin · 6 replies
    NY Times ^ | December 26, 2011 | By EDWARD WONG
    China and Japan have agreed to start direct trading of their currencies, officials announced during a visit here by Japan’s prime minister, Yoshihiko Noda. The move was among several that emerged from Mr. Noda’s meetings with President Hu Jintao. Japan will also apply to buy Chinese bonds next year, allowing it to accumulate more renminbi in its foreign-exchange reserves. China is the world’s second-largest economy while Japan is the third largest, and the currency agreement is part of a move away from using dollars. Chinese officials have said recently they would like to broaden the global use of the renminbi,...
  • Are You Prepared For What’s Coming?

    11/16/2011 1:18:45 PM PST · by blam · 106 replies · 1+ views
    The Market Oracle UK ^ | November 16, 2011 | Michael Burnham
    Are You Prepared For What’s Coming? Stock-Markets / Financial Markets 2011 Nov 16, 2011 - 05:35 AM Michael A Burnham writes: The US$ is the world reserve currency and a huge amount of it is used in international commerce and held in foreign banks. What is the real value of the US$ or any currency for that matter? Money is no longer backed by gold or anything other than “good faith”, thus coined “fiat currency". Whenever the US Treasury runs short of money, it auctions Treasury notes…IOUs. But since there are fewer interested buyers in the world today, it then...
  • Fears Of Iran Nuclear Weaponizing Lead To Brent Break Out

    11/08/2011 8:48:24 AM PST · by jhpigott · 3 replies
    11/07/2011 10:16 -0500 What is today's most underreported news of the day, and the reason Brent is breaking out, is that according to WaPo, IAEA is about to report that Iran is on the verge of becoming a nuclear state: needless to say this is just the green light all of its enemies need to launch a pre-emptive strike (not to mention, GDP-boosting). Below is some must read commentary from Emad Mostaque of Religare Capital Markets on what this IAEA finding will mean for the region, for the world and for what really matters: capital markets. The IAEA report on...
  • Load Up On Gold and Silver As Bernanke Dives Off The Deep End

    10/06/2011 12:23:14 PM PDT · by blam · 21 replies
    TMO ^ | 10-6-2011 | Money Morning
    Load Up On Gold and Silver As Bernanke Dives Off The Deep End Commodities / Gold and Silver 2011 Oct 06, 2011 - 07:41 AM By: Money Morning Martin Hutchinson writes: I first thought U.S. Federal Reserve Chairman Ben Bernanke was being deceitful when he denied the existence of inflation - but now I'm beginning to think he's simply delusional. Anyone who watched or listened to Bernanke's Oct. 4 congressional testimony must have reached the same conclusion. "Persistent factors continue to restrain the pace of recovery," Bernanke said. Then the Fed Chairman promised to consider yet more stimulus "to promote...
  • Michael Pettis: 12 Global Predictions

    08/23/2011 1:02:45 PM PDT · by Kaslin · 5 replies
    Townhall.com ^ | August 23, 2011 | Mike Shedlock
    Via email, Michael Pettis at China Financial Markets shared his outlook for China, Europe, and the world. The overall outlook is not pretty, and includes a breakup of the Eurozone, a major slowdown for China, and a smack-down of the much beloved BRICs. Pettis Writes ... August is supposed to be a slow month, but of course this August has been hectic, and a lot crueler than April ever was. The US downgrade set off a storm of market volatility, along with bizarre concern in the US about whether or not China will stop buying US debt and the economic...
  • What's Driving Silver Prices? (Thoughts?)

    08/08/2011 1:33:39 PM PDT · by OB1kNOb · 67 replies
    Vanity ^ | 8/8/11 | OB1
    As I type this, the Dow is down over 600 points. Gold shot from $1,660 on Sunday to $1,717 currently, while silver dropped last Friday to $38.32, then up to above $40 on Sunday, and has dropped today down to $38.94 currently. What's driving the whipsaw pricing on silver? Thoughts were Friday's downturn was driven by forced sales of silver investors needing to cover other positions, then Sunday saw overseas markets drive price back above $40. Is today's market slide causing more forced silver sales to cover other positions today, or are there other dynamics at work? I read earlier...
  • The Choice With Currencies Today: Fixed Or Floating? Fooling with currencies is always destructive

    06/03/2011 7:47:50 AM PDT · by SeekAndFind · 6 replies · 1+ views
    Forbes ^ | 06/03/2011 | Nathan Lewis
    Technically, pegging a currency to gold--via some automatic mechanism like a currency board--is no different than pegging it to the euro or dollar. There's nothing inherently difficult about it. Eventually, one might conclude that gold is a better thing to peg to than the euro or dollar. Just read the newspapers and see what Ben Bernanke or the ECB are doing with their floating fiat currencies. Who wants to be a part of that? The Keynesians, at first, will typically try to insist that this is not possible at all. They insinuate that currencies are naturally free-floating, and that to...
  • Euro/Dollar Could Trend Towards $1.29: Charts (USD Strengthening vs the Euro)

    05/25/2011 12:40:32 PM PDT · by SeekAndFind · 12 replies
    CNBC ^ | 05/25/2011 | Daryl Guppy
    The Euro/Dollar achieved the $1.49 target we set on CNBCAsia Squawk Box in March. There are three chart characteristics to the EuroDollar behaviour on the weekly chart. The first is the role of the up sloping trend line A. This trend line originally acted as a support level until it was broken in November 2010. The line was then projected forward and it changed its character to become a resistance level. This is not a perfect placement of the line, but it capturers the up trending behaviour in 2011. The reaction away from the $1.49 level confirms trend line A...
  • If The Gold Standard Is So Great, Why Aren't We On One Now?

    05/21/2011 9:18:55 AM PDT · by SeekAndFind · 23 replies · 1+ views
    Forbes ^ | 05/21/2011 | Nathan Lewis
    Sometimes people ask me: If the gold standard is so great, why aren't we using it right now? This is a good question. The basic answer is that it would prevent central bankers, and governments, from doing something they have become very fond of over the past several decades--attempting to solve their economic difficulties with some sort of "easy money" policy. You can see this remains very popular today. The Classical viewpoint is that any form of currency instability causes economic problems. An economy functions best when the currency is as stable and reliable as possible. In practice, this always...
  • People’s Bank of China Positive On Gold Due To ‘Value Preservation’; Concerned about Paper Money

    03/25/2011 9:12:53 AM PDT · by SeekAndFind · 5 replies
    ZeroHedge ^ | 03/25/2011 | Tyler Durden
    People’s Bank of China Positive on Gold due to ‘Value Preservation’; Concerned About Euro, Dollar and Paper Currencies Gold and silver remain supported by continuing macroeconomic and geopolitical uncertainty. Inflation, the European sovereign debt crisis, conflict in Libya and the wider Middle East and the nuclear disaster in Japan are all factors which will likely result in gold reaching new record nominal highs in all currencies sooner rather than later. Gold and silver’s record highs yesterday were barely reported in the non financial press and media yesterday which is another sign of the lack of animal spirits and popular participation...
  • Optimal Currency Areas and Optimal Free-Trade Areas: The Case for Economic Borders

    03/09/2011 8:47:14 PM PST · by ianfletcher · 8 replies
    Seeking Alpha ^ | February 25, 2011 | Ian Fletcher
    Why have nations at all, economically speaking? This question is provoked by the fact that every few months, without fail, somebody writes to me and asks why, if the protectionism I advocate between the U.S. and the rest of the world is rational, why isn't it rational to have tariffs between the various states of the U.S.? And since it clearly doesn't make any sense to have tariffs on trade between, say, California and Oregon, it follows that nations shouldn't practice economic protectionism either. Sounds good. In fact, some people proffer this argument as if it, on its own, settled...