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Keyword: dollar

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  • Proposed [items hit by tariffs] Modification of Action Pursuant to Section 301: China's Acts...,

    08/31/2018 5:55:05 PM PDT · by daniel1212 · 2 replies
    U.S. Gov. ^ | 7-16-18 | Office of United States Trade Representative (USTR)
    On June 20, 2018 (83 FR 28710), the U.S. Trade Representative (Trade Representative) provided notice of an initial action in the Section 301 investigation of the acts, policies, and practices of the Government of China related to technology transfer, intellectual property, and innovation. The initial action was the imposition of an additional 25 percent ad valorem duty on products of China with an annual trade value of approximately $34 billion, effective July 6, 2018. The proposed modification is to maintain the original $34 billion action and the proposed $16 billion action, and to take further action in the form of...
  • Alabama public schools may soon add 'In God We Trust' displays

    08/13/2018 10:16:13 AM PDT · by CondoleezzaProtege · 18 replies
    Fox News ^ | today | Frank Miles
    Public school officials in Alabama are looking to put God back into their schools through displays of the U.S. motto “In God We Trust” — but critics are speaking out against the move, calling it “a constant push for theocracy.” State lawmakers in February approved legislation allowing such displays on public property. The motto soon could become more common in Alabama schools, Al.com reported, with legal challenges expected to follow. Blount County’s school board is poised to become one of the first systems to take action, the news site reported. A policy on the issue could be drafted within the...
  • Turkey To Trump After Tariffs: You Have The Dollar, We Have Allah

    08/12/2018 4:26:48 PM PDT · by SeekAndFind · 35 replies
    Hotair ^ | 08/11/2018 | Taylor Millard
    Turkish President Tayyip Erdogan is putting on a rather fierce face in reaction to new tariffs from President Donald Trump and the plunging lira. Erdogan – ever the strongman – implored the country to show economic patriotism in response to what was going on. Via Daily Sabah in Turkey. “If you have dollars, euros or gold under your pillow, go to banks to exchange them for Turkish lira. This is a national struggle,” he said.“This will be my people’s answer to those who declare economic war against us,” he added.Erdoğan also said Turkish people should not worry, saying “We...
  • American money flowing back into America [Record $300 billion First Quarter]

    06/26/2018 6:28:46 AM PDT · by GonzoII · 14 replies
    Fox Business ^ | June 26, 2018 | Suzanne O'Halloran
    Despite President Trump's tit-for-tat trade barbs, America’s CEOs are not wasting anytime in taking advantage of his tax reform plan. Over $300 billion was repatriated to the U.S. in the first quarter, according to the Bureau of Economic Analysis (BEA) -- the most on record. “U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” said Kevin Hassett, chair of the president's Council of Economic Advisers, during an interview on FOX Business’ Varney & Co. in June.
  • Turkey’s economic crisis has just begun

    06/14/2018 9:03:23 PM PDT · by Texas Fossil · 8 replies
    Asia Times ^ | June 12, 2018 11:29 PM | David P. Goldman
    What happens next may look like Greece during its financial collapse – meaning Turkey’s economy could shrink by 10%-20% The Turkish central bank managed to halt the free-fall of the country’s currency last week with a sharp rise in interest rates. But the move failed to stop the free-fall of Turkey’s equity market and – far more dangerous – the collapse of the credit quality of Turkey’s banks. Only last October, the euro-denominated 10-year bond of Turkey’s largest private lender, Garanti Bank, yielded just 3%. Now it yields more than 7%, and the dollar value of the bond has fallen...
  • Erdogan says lira under attack as currency hits new low (Turkey)

    05/08/2018 8:17:39 AM PDT · by Texas Fossil · 10 replies
    Turkish President Recep Tayyip Erdoğan took aim at investors who are selling Turkish lira, saying the currency was under attack as it hit fresh record lows against the dollar. Erdoğan said there was no technical or rational reason why the lira should be losing so much value. Turkey has prepared a “project” that will reverse this trend, he said in a speech on Tuesday. The lira hit a new record as Erdoğan spoke, falling to as low as 4.3 to the U.S. currency. It declined 0.6 percent to 4.2946 at 1:28 p.m. in Istanbul. The currency had traded at 1.15...
  • Sound Money Bill in Congress Would Define Dollar as Unit of Gold

    04/05/2018 9:08:42 PM PDT · by WisconsinRep · 40 replies
    The New American ^ | 05 April 2018 | Alex Newman
    Legislation introduced in Congress recently would define the U.S. dollar as a fixed amount of gold, a move that supporters say would help stabilize the monetary system while protecting savers, workers, and investors from the ravages of inflation. If signed into law, the bill would also restrict the ability of the controversial Federal Reserve System to confiscate the American people's wealth and manipulate the economy by expanding the currency supply. President Donald Trump has publicly supported the idea of returning to a gold-backed dollar, but the prospects for the new legislation remain uncertain. The legislation, H.R. 5404, would “define the...
  • In Challenge to Dollar, China Launches Landmark Oil Futures Contract

    03/29/2018 8:58:25 AM PDT · by Thistooshallpass9 · 2 replies
    The Trumpet ^ | 28 March 2018
    Beijing launched a crude oil futures contract denominated in the Chinese yuan on March 26, in a move that could significantly enfeeble the international influence of the United States dollar. The contract lets foreign investors buy and sell crude oil on the Shanghai International Exchange with yuan rather than dollars. Reuters said it “kicked off to a roaring start,” with 15.4 million barrels of crude changing hands in the 2˝ hours of the first day of trading. A Blow to the Dollar “This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan...
  • Turkish lira weakens beyond 4 against dollar as economy worries weigh

    03/28/2018 2:32:59 PM PDT · by Texas Fossil · 8 replies
    Gulf Times ^ | March 28 2018 10:34 PM | none stated
    Turkey’s lira weakened beyond the psychologically important level of 4.0 to the US dollar yesterday, bringing it close to a record low, as concerns about double-digit inflation, and politics, continued to weigh on sentiment.
  • Death Of US Dollar? China Launches Petro-Yuan To Challenge Greenback’s Dominance

    03/26/2018 8:55:51 AM PDT · by Enlightened1 · 34 replies
    RT ^ | 03/26/18
    The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency. Trading of the new oil futures contracts for September settlement started on the Shanghai International Energy Exchange at 440.20 yuan ($69.70) per barrel, reports Chinese daily the South China Morning Post. Some 18,540 lots have reportedly been sold and purchased so far. long-awaited step evoked a surge in global prices for oil with Brent Crude soaring to $71 a barrel for the first time since 2015. US...
  • Trump Needs a Return to King Dollar

    02/17/2018 7:12:01 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | February 17, 2018 | Larry Kudlow
    By Lawrence Kudlow, Arthur B. Laffer, and Stephen MooreThe Trump Administration and the Republicans in Congress have passed one of the best pro-growth tax bills ever. The Tax Cuts and Jobs Act ranks in the all-time hall of fame along with Reagan's 1981 and 1986 Tax Acts and President Kennedy’s posthumous tax cuts of 1964. The announcements by Apple, FedEx, ATT, Fiat Chrysler and over 300 companies with multi-billion dollar investments in the United States are early lead indicators of good things to come from the tax rate cuts. When this is combined with Trump's deregulation agenda, we see no...
  • Shekel, Euro, pound down - dollar up

    02/05/2018 2:12:29 PM PST · by Eleutheria5 · 2 replies
    Arutz Sheva ^ | 5/2/18
    The official value of the shekel slipped an average of .023 percent on Monday in mixed trading against the featured currencies on the Bank of Israel's foreign-exchange list. The United States dollar was fixed at NIS 3.442, up .35 percent from Friday, while the Euro declined .056 percent to 4.2819 shekels, and the pound sterling was set at 4.8348 shekels, down .932 percent ...
  • If The White House Isn't Careful, These Two Big Things Will Kill The Improving Economy

    02/05/2018 9:44:53 AM PST · by SeekAndFind · 22 replies
    Forbes ^ | 02/05/2018 | Steve Forbes
    TWO BIG THINGS threaten the improving U.S. economy: a weak dollar and trade protectionism. Both routinely seduce policymakers, and both always result in bitter aftermaths with terrible political consequences. Yet some in the Trump administration are playing with both--and with fire. 1) The dollar. Great nations do not have weak currencies. Nonetheless, with a surety born of ignorance, Treasury secretary Steven Mnuchin has bluntly stated his desire for a weak dollar. Thankfully, President Trump immediately contradicted him. But the fact that Mnuchin and his department want to undermine the value of our currency is troubling. Mnuchin has bought into the...
  • Peter Schiff: In The Impending Collapse "Everything That Can Go Wrong, Will"

    01/17/2018 4:05:22 PM PST · by blam · 121 replies
    SHTF Plan ^ | 1-17-2017 | NMac Slavo
    The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. The weakening of the U.S. dollar is just getting started, warned veteran market forecaster Peter Schiff, CEO of Euro Pacific Capital. “We have just begun a major, long-term bear market in the dollar,” he said, which should cause a spike in oil prices. He thinks oil will reach $80-$100 a barrel in 2018. The commodity currently trades at roughly $63 a barrel. Shiff focuses on oil as just one example of the...
  • United States dollar decreased 0.9320 or 1.01% to 90.9200 on Friday January 12

    01/14/2018 3:44:59 AM PST · by gattaca · 27 replies
    Trading Economic ^ | Jan 12, 2018 | Trading Economics
    The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF and SEK. This page provides - United States Dollar - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Dollar - actual data, historical chart and calendar of releases - was last updated on January of 2018.
  • Venezuelans Abandon Bolivar – Merchants Insist On Being Paid In Dollars (Wonderful Socialism)

    12/27/2017 6:48:50 AM PST · by blam · 34 replies
    Capitol Zero ^ | 12-27-2017
    Venezuelans are struggling to carry out basic transactions like purchasing food as the value of their currency, the bolivar, has plunged against the dollar amid the country’s worsening economic collapse. According to Reuters, over the past year, Venezuela’s currency weakened 97.5% against the greenback: Put another way, $1,000 of local currency purchased in early January would be worth just $25 now. The annual inflation rate in 2017 could reach $2,000. Though at least one other estimate puts the real rate of inflation closer to 2,800%. Of course, President Maduro has blamed websites like DolarToday – which publishes the closest thing...
  • Saudi Prince Muhammad On Eve of Accession, Plans War On Iran, with Israeli Attack on Hizballah

    11/21/2017 2:15:45 PM PST · by drewh · 29 replies
    Debkafiles ^ | Nov 19 2017 ast
    The next Saudi King Crown Prince Muhammad and Israel agree that Iran is the biggest threat to the region, but Israel’s top soldier rules out initiating an attack on Hizballah. Two London publications on the same day shed unusual light on the next chapter in Saud royal history, as well as on the hitherto semi-clandestine ties between Riyadh and Jerusalem. Daily Mail, quoting “a source close to the Saudi royal family” reported that King Salman, 91, intends to give up the throne next week and name his son, Crown Prince Muhammad bin Salman, 32 as his successor. The king will...
  • Dollar to Gold Ratio According to U.S National Debt Clock

    09/25/2017 8:55:51 PM PDT · by WhatNot · 60 replies
    I wanted to post this just in case people missed it, a while back the U.S National Debt clock began publishing the real ratio for U.S dollars to gold. At this point it's up over 6,000 per ounce. Keep stacking!
  • Venezuela Stops Accepting Dollars; The Beginning of the Collapse of the Dollar as Reserve Currency?

    09/14/2017 9:33:08 AM PDT · by PPSman · 47 replies
    EconomicPolicyjournal.com ^ | September 14, 2017 | Robert Wenzel
    In retrospect, this could be the most important economic event of 2017. The oil-rich country of Venezuela has stopped accepting the U.S. Dollar as payment for oil. Last week President Maduro warned that the country would this week ‘free’ itself from the US dollar. “Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar.” Yesterday Venezuela temporarily suspended the sale of U.S. dollars through its Dicom auction system. This (and other moves) was in response to U.S. sanctions put in place by the Trump administration.
  • How President Obama Shrank America’s Consumer Dollar

    09/04/2017 9:24:23 AM PDT · by Kaslin · 14 replies
    American Thinker.com ^ | September 4, 2017 | Michael Bargo, Jr.
    President Obama’s great stimulus spending and QE programs saw disposable income of average Americans reverse historic trends and stagnate or actually decline. There has been a huge increase in the taxes they have to pay for everything from gasoline to cell phones and property taxes. And since government is responsible for these taxes and the big states are all run by Democrats with liberal news media, these facts are seldom reported. A December 2015 study of the American middle class done by the Pew Research center found that for the first time in over forty years the middle class no...