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Keyword: dollar

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  • This Chart Shows Us How Bad The Economy Really Is: “Flashing Red Warning”

    04/14/2014 8:08:29 PM PDT · by Tolerance Sucks Rocks · 19 replies
    Freedom Outpost ^ | April 14, 2014 | Mac Slavo
    Recent weeks have led to a fairly significant drop in stock valuations, with many expert analysts struggling to figure out exactly why it’s happening. You’ll hear them cite the weather, or market overreaction, or any number of reasons for why stocks have seen their share prices reduced and why they’ll be rebounding in the near-term. What they won’t show you on mainstream financial channels is what’s really happening behind the scenes. Forget about all the minute-by-minute noise for a moment and take a look at the following chart. It gives a very simple overview of earnings growth trends for stocks...
  • Russian oil firm says Asian buyers willing to use euros

    04/11/2014 12:39:28 AM PDT · by wetphoenix · 3 replies
    Reuters via Yahoo! ^ | Vladimir Soldatkin and Florence Tan
    MOSCOW/SINGAPORE (Reuters) - Russian state-controlled oil producer Gazprom Neft said it had received positive responses from Asian clients about the possibility of using euros as a settlement currency instead of the dollar. Company head Alexander Dyukov said this week Gazprom Neft had broached the idea of dropping the dollar, traditionally the currency of choice for the global energy sector, in response to a possible new round of Western sanctions over Russia's annexation of Crimea. He said the company had discussed with buyers the possibility of switching contracts to euros and that 95 percent had said they were ready to do...
  • FAMILY DOLLAR TO SHUTTER 370 STORES; PRICES TOO HIGH IN BAD ECONOMY

    04/10/2014 3:33:11 PM PDT · by kingattax · 37 replies
    Breitbart Big Government ^ | 4-10-14 | WYNTON HALL
    Deep discount retailer Family Dollar announced on Thursday it will begin laying off workers and closing 370 stores nationwide after suffering a 35% drop in profits last quarter. Analysts cite competition from Dollar General and Dollar Tree as contributing to Family Dollar's cost-cutting move. In response, Family Dollar says it plans to lower prices on 1,000 items to remain competitive with its price sensitive lower-income customers.
  • Jim Willie: US Dollar Funeral At Hand!

    04/10/2014 5:58:29 PM PDT · by Errant · 36 replies
    Silver Doctors ^ | 10 April 2014 | Jim Willie
    A global clash of nations is underway in full gear. The time is finally right. The urgency is acute. The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in...
  • "No more greenbacks

    04/02/2014 12:17:32 PM PDT · by OldNavyVet · 34 replies
    Fox News hannel | 3 April 2014 | Shepherd Smith
    Shepherd Smith on Fox News Channel ... NOW
  • The Euro Is Not Overvalued (Nor Is Any Other Currency)

    03/22/2014 4:24:25 PM PDT · by BfloGuy · 5 replies
    The Mises Institute ^ | 3/22/2014 | Frank Hollenbeck
    A common argument for dumping the Euro is that it is overvalued, and that the ECB (European Central Bank) is unwilling to correct this so-called “problem.” This overvaluation is regularly cited as being over 10 percent against the dollar. The Swiss central bank surrendered control of its money supply by fixing its currency at 1.2 against the Euro essentially on the notion that its currency was “overvalued.” Advocates of a Euro breakup consider that a country with its own currency can then follow an independent monetary policy ensuring a competitive exchange rate. Never mind that neither the USA nor Great...
  • Foreigners Sell A Record Amount, Over $100 Billion, Of Treasurys Held By The Fed In Past Week

    03/14/2014 7:20:53 AM PDT · by Errant · 26 replies
    Zero Hedge ^ | 14 March 2014 | Tyler Durden
    A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history. The problem, of course, with this data is that it is stale and very backward looking. For a much better, and up to date, indicator of what foreigners are doing with US Treasurys in near real time, the bond watchers keep track of a less known data series, called "Treasury Securities Held in Custody for Foreign Official and International Accounts" which as the name implies shows what foreigners are doing with their Treasury securities held...
  • Bitcoin Is Not Real Money

    03/01/2014 7:33:41 AM PST · by Kaslin · 123 replies
    Townhall.com ^ | March 1, 2014 | Larry Kudlow
    Just before the bankruptcy of the Mt. Gox bitcoin digital-money (or virtual-currency) exchange, Japanese finance minister Taro Aso predicted the inevitable failure. “No one recognizes them as a real currency,” he told reporters. “I expected such a thing to collapse.” I totally agree with Mr. Aso. For weeks and weeks I have been tweeting and broadcasting that bitcoin is not real money. It is not a reliable medium of exchange, nor is it a reliable store of value. It has no central-bank regulation, network operations, or even centralized issuance. And because of its wild price fluctuations, bitcoin can never...
  • Downsize the Military, Downsize the Dollar? - vanity

    02/25/2014 12:01:35 PM PST · by Loud Mime · 11 replies
    2/25/2013 | Loud Mime
    The value of our dollar is tied to our own economy. Is our economy also tied to the power of our military? As our military shrinks to a smaller size, will this have a direct effect upon the value of our dollar? If so, where will it lead?
  • China Starts To Make A Power Move Against The US Dollar

    02/21/2014 8:11:40 PM PST · by Tolerance Sucks Rocks · 38 replies
    Freedom Outpost ^ | February 21, 2014 | Michael Snyder
    In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China. China accounts for more global trade than anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. This keeps demand for our dollars very high, and it ensures that we can import massive quantities...
  • World asleep as China tightens deflationary vice

    02/13/2014 10:42:42 AM PST · by mgist · 29 replies
    Telegraph ^ | 2/13/14 | Ambrose Evans-Pritchard
    <p>World asleep as China tightens deflationary vice We keep our fingers crossed as we glimpse the first foam of a deflationary Ch'ient'ang'kian coming our way from China. The world's central banks have no margin for error Societe Generale has defined its hard landing as a fall in Chinese growth to a trough of 2pc, with two quarters of contraction. .snip. The balance of evidence is that most powerful Chinese leader since Mao Zedong aims to prick China's $24 trillion credit bubble early in his 10-year term, rather than putting off the day of reckoning for yet another cycle.</p>
  • Is China using gold to internationalize the yuan?

    02/13/2014 7:05:29 AM PST · by Rusty0604 · 6 replies
    CNBC ^ | 02/12/2014 | Dhara Ranasinghe
    Concerns about high debt and an overvalued currency are sucking gold imports into China, according to a new report from Lombard Street Research. It adds that the authorities may possibly be moving in the direction of using gold in a plan to make the yuan an international currency. China's official reserves of gold stand at 1,054 metric tons, that's worth about $45 billion. This figure has not been updated since 2009 and Lombard says the number may not be accurate because since that last update imports of gold and domestic production amount to over 4,500 metric tons.
  • 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:...
  • There's a new US $100 bill in circulation.

    01/29/2014 12:39:10 PM PST · by OldNavyVet · 31 replies
    Internet search ^ | 29 January 2014 | OldNavyVet
    I ran into this new $100 bill in Las Vegas.
  • Miami Bitcoin Conference Day 1: Crime, Krugman, and BitLicenses

    01/26/2014 7:39:52 AM PST · by Errant · 4 replies
    Coin Desk ^ | 26 January 2014 | Daniel Cawrey
    The temperate winter climate of Miami, Florida is serving as a pleasing backdrop for the numerous attendees of the North American Bitcoin Conference. The symposium, being held at the Miami Beach Convention Center this weekend, brought a huge crowd. Many of the talks were held with all seats full. In the afternoon, the second hall, used in the morning for merchant vendor workshops, was used as an additional seating area with the speakers being broadcasted on a large video screen.
  • Venezuela cuts dollar allowance for Florida trips

    01/25/2014 6:03:31 AM PST · by Errant · 14 replies
    Yahoo Finance ^ | 25 January 2014 | Joshua Goodman
    CARACAS, Venezuela (AP) -- President Nicolas Maduro's government is slashing the amount of U.S. dollars Venezuelans traveling to Florida and other popular destinations take with them under decade-old currency controls. Travelers just to Florida will be allowed to charge a maximum of $700 annually on their Venezuelan credit cards and will be allowed to buy no more than $300 in cash. That compares with limits of $2,500 in credit and $500 in cash they were previously allowed for trips to Florida, an amount that will be maintained for the remaining 49 US states. The restrictions published Friday in the Official...
  • The Hows and Whys of Gold Price Manipulation

    01/18/2014 5:34:02 PM PST · by logi_cal869 · 56 replies
    Institute for Political Economy ^ | 1/17/2014 | Paul Craig Roberts and Dave Kranzler
    The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing the prices of financial instruments on the banks’ balance sheets and in order to finance at low interest rates trillion dollar federal budget deficits associated with the long recession caused...
  • Congressional Report Warns of Potential Bitcoin Threat to US Dollar

    01/09/2014 7:16:01 AM PST · by Errant · 37 replies
    Coin Desk ^ | 9 Januray, 2014 | Danny Bradbury
    A Congressional report quietly released last month suggests that bitcoin could be a threat to US monetary policy, and makes the case for continued central banking control. The report, Bitcoin: Questions, Answers, and Analysis of Legal Issues, was published by the Congressional Research Service, which produces research reports for US policy makers. It argues for the benefits of a single, incumbent currency (the US dollar), for stability. “If greater use of bitcoin (and other cryptocurrencies) leads to multiple monetary units, these benefits could be threatened, particularly if these new currencies continue to exhibit a high degree of price volatility,” the...
  • The Day the Dollar Dies

    01/06/2014 12:56:44 AM PST · by Yosemitest · 53 replies
    May/June 2013 Trumpet Print Edition ^ | May/June 2013 Trumpet Print Edition | Robert Morley
    The Day the Dollar Dies America’s financial Pearl Harbor is coming December 6, 2015, 3 p.m. HKT, Hong Kong Twenty-one men representing China’s most powerful institutions file into a conference room atop the ICC Tower looming over Victoria Harbor. The Politburo Standing Committee has mustered the CEOs of China’s four largest banks, Sinopec, and several other state-owned multinationals, plus officers from the Central Military Commission and a pair of academics from China’s top technology universities. The general secretary formally opens the meeting.“As you know, the United States of America continues to manipulate its currency,” he begins. “It is devaluing...
  • Aussie Bank Asks "Will Bitcoin Replace The Dollar?"

    12/27/2013 7:39:33 PM PST · by Errant · 33 replies
    Zero Hedge ^ | 12/27/2013 | Tyler Durden
    Bitcoin is rapidly becoming part of the everyday lexicon. Following David Woo's investigation, National Australia Bank's Emma Lawson looks at its creation, use, and quality as "currency," and find that Bitcoin meets most, but not all the conditions required to be a currency. Lawson concludes Bitcoin may not be the most efficient monetary system, given the costs to create, and that the supply set-up can be seen as both an advantage (hyperinflation is not possible) but also a disadvantage (there are conditions which may create deflation). But, if enough people believe in it, and use it, it may be here...
  • Into the Bitcoin Mines

    12/23/2013 4:23:45 AM PST · by Errant · 33 replies
    The New York Times ^ | 21 December, 2013 | NATHANIEL POPPER
    On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of Bitcoin. To get there, you pass through a fortified gate and enter a featureless yellow building. After checking in with a guard behind bulletproof glass, you face four more security checkpoints, including a so-called man trap that allows passage only after the door behind you has shut. This brings you to the center of the operation, a fluorescent-lit room with more than 100 whirring silver computers, each in a locked cabinet and each cooled by blasts of Arctic air shot up from...
  • How the Paper Money Experiment Will End

    12/13/2013 1:18:46 PM PST · by Errant · 46 replies
    Zero Hedge ^ | 12/13/13 | Tyler Durden
    A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the money supply is almost irresistible. In such a system with a constantly increasing money supply and, as a consequence, constantly increasing prices, it does not make much sense to save in cash to purchase assets later. A better strategy, given this scenario, is to go into debt to purchase assets and pay back the debts later with a devalued currency. Moreover, it makes sense to purchase assets that can later be pledged as collateral to obtain further bank loans....
  • A Silent Chinese Invasion & Disarmament of America is Taking Place

    12/11/2013 7:28:24 PM PST · by Tolerance Sucks Rocks · 57 replies
    America, if there was ever a time in our nation’s history that it was imperative that we as Americans separated ourselves from the constant dribble of the false paradigm of American politics, the time is definitely now. I find myself in total disbelief as I watch the obvious consequences of the corruption, massive wasteful spending, the outsourcing of the American labor force and many other ills that have plagued this nation for decades come boiling to a head like a massive pimple on a teenager’s forehead. When this pimple pops, it is going to hurt. We have to stop pretending...
  • Bitcoins vs. Greenbacks and/or Gold and Silver

    12/11/2013 8:32:59 AM PST · by Errant · 12 replies
    Market Oracle, UK ^ | 12/11 | Gary North
    There are conflicting stories among Bitcoins’ supporters about why a Japanese programmer or team of Japanese programmers, who are known by a pseudonym Satoshi Nakamoto, developed the original idea for the Bitcoins software. The primary justification for Bitcoins among libertarians is the prediction that Bitcoins will become an alternative currency to all existing central bank currencies. Bitcoins are seen as a first-stage revolt against central bank money. In this essay, I’m going to make a series of arguments. I’m going to tell you in advance what my arguments are. You can then judge whether or not I have been successful...
  • The U.S. Dollar Meets Mark Twain

    12/10/2013 4:01:42 PM PST · by Kaslin · 7 replies
    Townhall.com ^ | December 10, 2013 | Bill Tatro
    Mark Twain once said, “The reports of my death are greatly exaggerated.” And speaking of an overstated demise, the same can be said these days regarding the U.S. dollar. Indeed, there isn’t a day that goes by that I don’t hear or read various pundits continuing to shout the praises of gold as the next currency. In fact, according to these so-called experts, it seems as though we’ll be utilizing gold in order to do our Christmas shopping sooner rather than later. Nevertheless, I must declare strong support for the highly coveted precious metal. Lord knows I bought enough...
  • America in Worse Fiscal Shape than Detroit-Professor Laurence Kotlikoff

    12/04/2013 12:22:18 PM PST · by GilGil · 15 replies
    USAWATCHDOG.COM ^ | 12/04/2013 | Greg Hunter
    He is spearheading a bill in Congress called The Inform Act. It is an attempt to wake up the nation to our dire financial situation so something can be done to fix this enormous problem. Dr. Kotlikoff explains, “The bill has been endorsed by over 1,000 economists, including 15 Nobel Prize winners in economics . . .Never in the history of this country have this many top economists from all political persuasions endorsed a piece of legislation like this.” Dr. Kotlikoff and his fellow economists all contend, “The country needs to do honest accounting.”
  • Free Money Math vs. 100% Gold Backed Dollar

    11/28/2013 7:36:55 AM PST · by Kaslin · 24 replies
    Townhall.com ^ | November 28, 2013 | Mike Shedlock
    In the wake of all the misguided pleas for negative interest rates in Europe (hoping to get banks to lend), comes news US banks warn Fed interest cut could force them to charge depositors. Leading US banks have warned that they could start charging companies and consumers for deposits if the US Federal Reserve cuts the interest it pays on bank reserves. Depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome for companies and households. The warning by bank executives highlights the dangers of one...
  • History Made: Dow Closes Above 16K for First Time

    11/21/2013 5:24:44 PM PST · by SeekAndFind · 41 replies
    Fox News ^ | 11/21/2013 | Adam Samson
    The Dow rallied more than 100 points to close above the 16000 mark for the first in history amid optimism the Fed will keep its foot firmly on the economic accelerator. The Dow Jones Industrial Average (DJI) rose 109 points, or 0.69%, to 16010, the S&P 500 (GSPC) advanced 14.5 points, or 0.81%, to 1796 and the Nasdaq Composite (IXIC) gained 47.9 points, or 1.2%, to 3969. Wall Street has rallied in a big way this year. The Dow is up more than 22%, and has rallied 145% since its bear-market low in March 2009.
  • Bitcoin Rises Over $500

    11/17/2013 2:04:56 PM PST · by Errant · 68 replies
    Zero Hedge ^ | 17 November, 2013 | Tyler Durden
    One day before the Senate's digital currency hearing titled "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies", Bitcoin is largely oblivious to any potential regulatory threats, either at the legislative or the city level, where as reported previously the New York superintendent is in a rush to enforce BitLicenses on businesses that accept BitCoin, and moments ago crossed $500 for the first time ever. Instead, it appears that as we also reported previously, the Chinese Bitcoin craze has reached the parabolic threshold, going so far as making Bitcoin an acceptable payment for real estate, which means...
  • As BitCoin Touches $400 The Senate Starts Seeking Answers... As Does The Fed

    11/09/2013 10:20:58 AM PST · by Errant · 67 replies
    Zero Hedge ^ | 9 November, 2013 | Tyler Durden
    Moments ago BitCoin hit $395, and will likely cross $400 in the immediate future (the chart looks a little less scary in log scale). So as more and more pile into the electronic currency, some due to ideological reasons, some simply to chase momentum, some out of disappointment with the manipulated gold price looking to park their savings in an alternative, non-fiat based currency, which a year ago traded 40 times lower, the attention of the government is finally starting to shift to what has been the best performing asset class in the past year, outperforming even the infamous Caracas...
  • As Bitcoin Soars Over $300, A Question Arises: Could It Become A Global Reserve Currency?

    11/07/2013 9:04:05 AM PST · by Errant · 17 replies
    Zero Hedge ^ | 7 November, 2013 | Tyler Durden
    Having now tripled since August, Bitcoin's break above $300 ($324 highs) raises an important thought experiment - can a digital currency act as a global reserve currency? It seems yesterday's CNBC discussion that Bitcoin is nothing but a beanie-baby fad just served to feed the beast... on heavy volume after Draghi's comments... Charles Hugh-Smith, from OfTwoMinds blog, attempts an answer of just that question: Could Bitcoin (or equivalent) Become a Global Reserve Currency? Could a non-state issued digital currency like Bitcoin become a global reserve currency? The idea came up in my recent conversation with Max Keiser on the Keiser...
  • The Great Withdrawal: How the Progressives' 100-Year Debasement of America and the Dollar Ends

    10/30/2013 1:14:29 PM PDT · by Jack Hydrazine · 14 replies
    GreatWithdrawal.com ^ | 30OCT2013 | Craig R. Smith and Lowell Ponte
    Detroit was to be a workers' paradise, a symbol of progressive success. Instead, it has become a symbol of big government failure, corruption, violence, and decay. In 2013, after a great withdrawal of more than a million productive residents, once-great Detroit became the largest American city ever to declare bankruptcy. "The Great Withdrawal" explores why Detroit failed, why other liberal cities may soon follow, and how this could drag America into insolvency and prolonged depression. It explores the bizarre Nanny Statist Progressive movement that took power in America in 1913 and has driven America on a 100-Year detour away from...
  • U.S. System Dependent on Crime and Fraud -Catherine Austin Fitts

    10/28/2013 9:46:36 AM PDT · by Errant · 10 replies
    USA Watchdog ^ | 27 October 2013 | Greg Hunter
    Former Assistant Housing Secretary Catherine Austin Fitts says all U.S. citizens are partly responsible for banker fraud. Fitts, also a top Wall Street Banker, says, “What popular opinion has said again and again and again is it wants the dirty money. . . . It wants the U.S. to play this geopolitical top dog game to the extent it provides subsidy to them. We can’t have our cake and eat it too. . . . If we have a model that is dependent on crime and fraud . . . we have to change the model.” Fitts calls what we...
  • An Economic Chart That Could Spell Trouble

    10/22/2013 1:13:31 AM PDT · by Yosemitest · 14 replies
    www.theBlaze.com ^ | Oct. 21, 2013 | Becket Adams
    AN ECONOMIC CHART THAT COULD SPELL TROUBLE Oct. 21, 2013 by Becket Adams Fund flows are interesting in thatthey help market analysts gauge investor sentiment in specific assets or the markets as a whole. “For instance,if net fund flows for bonds funds during a given month is negative by a large amount,this would signal broad-based pessimism over the fixed-income markets,” Investopedia notes, offering a helpful explanation for the concept. That being said, something interesting happened earlier this year with foreign interest in USD-denominated assets. Simply put, foreign interest collapsed. Here’s a chart to help you visualize the drop: “It...
  • US Dollar Hits 8-1/2-month Low (But Nothing Next To 2002-2008 Dollar Collapse)

    10/19/2013 8:20:27 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 10/19/2013 | Anthony B. Sanders
    The US dollar hit 8-1/2-month low on worries about U.S. economy, the headline blares. usdeur101913 True, but the USDEUR rate took its biggest beating during the 2002-2008 period. But since the latter half of 2008, the dollar has been floating around in a relatively narrow band (although it seems larger on a day-to-day basis). bfmB3 And if we look at a longer term pictures of the US dollar spot rate (DXY), we see the Reagan economic recovery and asset bubble and then the Clinton/Bush economic recovery and asset bubble. dxy1960s But the asset bubble that followed the Clinton economic growth...
  • Dollar hits 8-1/2-month low on worries about U.S. economy

    10/18/2013 6:11:04 PM PDT · by RC one · 36 replies
    Reuters ^ | Fri Oct 18, 2013 4:30pm | Gertrude Chavez-Dreyfuss and Nick Olivari
    (Reuters) - The dollar fell to eight-and-a-half-month lows against the euro and a currency basket on Friday on expectations the Federal Reserve will delay scaling back its monetary stimulus following this month's political battles over the U.S. budget.Volume was thin as investors braced for a deluge of U.S. economic data next week now that the U.S. government was open following a two-week shutdown. The September nonfarm payrolls report is due on Tuesday.The first wave of U.S. data released on Thursday after the government returned to work was fairly upbeat. September U.S. payrolls are due next week, with the market forecasting...
  • Relief over U.S. debt deal short-lived as dollar slides

    10/17/2013 4:19:28 AM PDT · by Oldeconomybuyer · 16 replies
    Reuters ^ | October 17, 2013 | By Richard Hubbard
    The dollar and European shares fell on Thursday as market relief at a last-ditch U.S. budget deal gave way to worries over the economic impact of the 16-day government shutdown and prospects of a re-run early next year. Chinese credit agency Dagong, downgraded the U.S. sovereign rating to A- from A with a negative outlook, driving further dollar losses.
  • Stock futures falling

    10/13/2013 6:21:44 PM PDT · by MeneMeneTekelUpharsin · 31 replies
    CNN Money ^ | 13 October 2013
    Dow futures down -105 at this time. Were -95 a little earlier.
  • How Much Longer Will the Dollar be the Reserve Currency?

    10/13/2013 12:31:40 PM PDT · by SeeSharp · 31 replies
    Mises Institute ^ | 10/12/2013 | Patrick Barron
    We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts. For example, if Canada buys goods from China, it may pay China in US dollars rather than Canadian dollars, and vice versa. However, the foundation from which the term originated no longer exists, and today the dollar is called a “reserve currency” simply because foreign countries hold it in great quantity to facilitate trade. The first reserve currency was the British pound sterling. Because the pound was “good as gold,” many countries found it more convenient...
  • Federal Reserve Board Issues Redesigned $100 Note

    10/08/2013 8:10:54 AM PDT · by servo1969 · 27 replies
    NewMoney.gov ^ | 10-8-2013 | Federal Reserve
    For Immediate Release October 8, 2013 Federal Reserve Board Issues Redesigned $100 Note The Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine. Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world. “The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome H. Powell. “As the new note transitions into daily...
  • Russia Moves Up, US Falls in World Economic Freedom Ranking

    09/18/2013 6:31:34 PM PDT · by Navy Patriot · 11 replies
    RIA Novosti ^ | September 18, 2013 | Karin Zeitvogel
    Russia has climbed 10 places since 1995 in a global ranking of economic freedom, while the United States has fallen 13 spots over the same period, according to a report from a Canadian public policy think-tank released Wednesday. Russia ranked 101st out of 151 nations, up 10 places from 1995 and 12 places better than its ranking in 2000, in the “Economic Freedom of the World” report, compiled by Canada’s Fraser Institute. After ranking as the world’s third freest economy behind Hong Kong and Singapore for most of the two decades from 1980-2000, the United States began to lose ground...
  • DOLLAR TANKS, RATES COLLAPSE, STOCKS EXPLODE TO ALL-TIME HIGHS (After Fed's No Taper Announcement)

    09/18/2013 11:34:54 AM PDT · by SeekAndFind · 63 replies
    Business Insider ^ | 09/18/2013 | Sam Ro
    The Federal Reserve's FOMC statement is out, and it's a shocker! The Fed is NOT TAPERING its massive $85 billion large-scale asset purchase program. Almost no one expected this. The Dow went from -40 to +63 in the blink of an eye. The S&P 500 got as high as 1,718, which is an all-time intraday high. The U.S. dollar tanked, and gold spiked. The 10-year Treasury note yield tanked to 2.76% from around 2.86% before the announcement.
  • Canadian billionaire predicts end of US Dollar as world's reserve currency - Ned Goodman lecture

    09/17/2013 8:19:01 PM PDT · by Whenifhow · 20 replies
    http://www.youtube.com ^ | Sep 15, 2013 | Cambridge House
    Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world's reserve currency. He predicts the transition out of the U.S. Dollar will become, "...quite ugly." He delivered the lecture at Cambridge House's Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.
  • Wild Morning! Gold and Silver Rise, USD Falls, Treasury 10 Yields Fall

    08/23/2013 8:10:08 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 08/23/2013 | Anthony B. Sanders
    Following the poor new homes sales report in the US and economic weakness in developing countries, we see gold and silver rising this morning. Gold: gold082313 Silver: silver082313 And the USD/EUR is plunging. usdeur666 And the USD/JPY is doing likewise. usdjpy082313 The 10 year US Treasury yield is down 8 basis points. ust10082313 Stay tuned!
  • In Race to Bottom, US Dollar Falls Behind

    07/10/2013 2:38:02 PM PDT · by ckilmer · 11 replies
    yahoo ^ | 7/10/2013 | Jeff Cox
    If there is a global currency devaluation war, the U.S. is losing.
  • If You Own Gold, You Must See This Chart…

    07/10/2013 7:26:11 AM PDT · by Errant · 50 replies
    Money Morning ^ | 10 July, 2013 | Keith Fitz-Gerald
    What I'm about to say will challenge even the most steadfast gold bears - or anyone for that matter right now who thinks that gold has seen its better days. The chart below tells a story - a big story. In fact, I encourage you to forward this email to anyone you know who serious about his money. What I found here, with the help of Frank Holmes from U.S. Global and one of the smartest people on earth on the potent combination of Asian markets and commodities, is a chart that shows a truly astounding fact about gold.
  • How Monetary Stimulus Has Helped (And Hindered) Markets

    07/08/2013 6:39:44 PM PDT · by KMR
    FORBES ^ | July 8, 2013 | Kenneth Rapoza
    A look at how the stock markets have performed over the last year in countries where Central Bankers have ruled the roost, versus countries where Central Bankers have not. If you ain't got Ben Bernanke or the Bank of Japan on your team, better of keeping your ball and bat and staying home.
  • WE GOT PROBLEMS...[Economic Collapse Problems]

    06/28/2013 12:16:30 PM PDT · by SatinDoll · 21 replies
    The Market-ticker ^ | June 28, 2013 | Karl Denninger
    Greece and, for that matter, the rest of Europe are showing cracks again this morning. The Dollar is screaming higher (how's that "dollar collapse" thesis working out?) Gold is around $1,200; up fractionally on the day, but in general not in good shape -- and making a mockery of the "Gold to $5,000" callers. Interest rates are again going up, while The Fed is trying to claim that they really didn't say that they were going to taper. But that's a lie, because they have to stop the QE. This isn't about wanting to exit, it's about being forced to...
  • ABEGEDDON: Yen Surging, As Markets Violently Turn Against Japan

    06/06/2013 9:56:39 AM PDT · by blam · 9 replies
    Business Insider ^ | 6-6-2013 | Matthew Boesler
    ABEGEDDON: Yen Surging, As Markets Violently Turn Against Japan Matthew Boesler June 6, 2013, 12:25 PM One of the big stories in global markets today is how the long-U.S. dollar, short-Japanese yen trade seems to be completely unwinding. The dollar is currently trading around ¥96.30 to the yen and is down 2.9% on the day after hitting a low of ¥95.89 earlier. Per Bloomberg TV's Sara Eisen, that's the biggest single-day drop in the currency pair in 3+ years. It seems like the market has not been re-assured by recent rumblings out of Japan, where the "Abenomics"-fueled rally in stocks...
  • By 2015, Chinese Yuan On Par With Dollar

    05/25/2013 8:45:09 PM PDT · by KMR · 10 replies
    FORBES ^ | May 25, 2013 | Kenneth Rapoza
    Start buying Chinese currency, guys. It's going to be big time.