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Keyword: dollar

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  • Trump Needs a Return to King Dollar

    02/17/2018 7:12:01 AM PST · by Kaslin · 5 replies ^ | 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 ^ | 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 ^ | 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...
  • Putin Declares War Against The US Dollar

    09/01/2017 12:14:27 PM PDT · by Lorianne · 43 replies
    Tsarizm ^ | 01 September 2017 | L Todd Wood
    Today Russian President Vladimir Putin declared war against the hegemony of the U.S. Dollar. Of course, he couched the declaration in a statement saying Russia would work to counter the ‘excessive domination’ of certain reserver currencies. The comments were published in an article in the runup to the BRICs summit scheduled to begin Sept 3 in China. “We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies. We will also work towards a more balanced distribution of quotas and voting shares within...
  • Russia to reduce reliance on US dollar & payment systems in response to sanctions

    08/07/2017 7:31:51 AM PDT · by Navy Patriot · 24 replies
    RT ^ | August 7, 2017
    The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti. ... US President Donald Trump approved the law imposing new restrictions on the Russian banking and energy sectors.... The new law will punish individuals for investing more than $5 million a year or $1 million at a time in Russian energy export pipeline projects or providing such enterprises with services, technology or information support.
  • Remember? 3/30/17: Russia Preps for Split With Global Banking Cartel by Dumping US Dollar for Gold

    06/29/2017 9:27:00 AM PDT · by johnk · 24 replies ^ | March 30, 2017 | By Claire Bernish
    ... As relations with the West continue to deteriorate — and the potential for crushing sanctions remains tangible — President Vladimir Putin has begun preparing to release Russia from the crushing grip of the international banking system completely, by moving to a nationalist model based and conducting transactions with allies in gold. In short, Russia has plans to abandon central banks and the dollar — if, indeed, shit hits the fan. Russia isn’t alone — the move away from the much-maligned, Western-centric international banking cartels toward a system less dependent on massive banks comprises a new plan for BRICS nations...
  • World Offers Cautionary Tale for Trump’s Infrastructure Plan

    06/26/2017 11:14:16 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The New York Times ^ | June 16, 2017 | Peter S. Goodman
    LONDON — The rest of the planet bears a warning for President Trump’s plan to lean heavily on private business in conjuring a trillion dollars’ worth of American infrastructure: Handing profit-making companies responsibility for public works can produce trouble. In India, politically connected firms have captured contracts on the strength of relationships with officialdom, yielding defective engineering at bloated prices. When Britain handed control to private companies to upgrade London’s subway system more than a decade ago, the result was substandard, budget-busting work, prompting the government to step back in. Canada has suffered a string of excessive costs on public...
  • USD Drops After Trump Claims Dollar ’Is Getting Too Strong’

    04/13/2017 6:42:08 AM PDT · by Fhios · 36 replies
    Nasdaq ^ | 4/12/2017 | Christian Lewis
    The US Dollar reversed gains against its major counterparts following the release of comments from President Trump. In an interview with the Wall Street Journal, Trump made claims that the dollar 'is getting too strong' and that this will eventually hurt the United States - a USD sell-off ensued in the immediate aftermath of the comments.
  • Trumps Says Dollar "Getting Too Strong", Won't Label China a Currenct Manipulator

    04/12/2017 12:22:36 PM PDT · by GIdget2004 · 11 replies ^ | 04/12/2017 | Gerard Baker, Carol Lee, and Michael Bender
    Link only
  • Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

    04/02/2017 10:50:21 AM PDT · by Enlightened1 · 40 replies
    Zero Hedge ^ | 04/01/17 | Tyler Durden
    The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbours "to seek stronger economic ties" since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy. According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening...
  • Legislation seeks to eliminate $1 Federal Reserve note, Lincoln cent

    03/31/2017 8:19:18 PM PDT · by Tolerance Sucks Rocks · 90 replies
    Coin World ^ | March 31, 2017 | Bill McAllister
    Advocates of abolishing the $1 Federal Reserve note are at it again, this time hoping that President Donald Trump and conservative Republicans will finally side with their three-pronged approach to revamping the nation’s currency system. Under S. 759, introduced March 29 by Sens. John McCain, R-Ariz., and Mike Enzi, R-Wyo., the government would end production of the $1 Federal Reserve note, revise the composition of the 5-cent coin, and suspend production of 1-cent coins. While the draft legislation calls for an end to paper dollar notes and the cent, it is silent on dollar coin production. Backers of the legislation...
  • Are Collapsing Pensions "About To Bring Hell To America"?

    03/16/2017 9:54:04 AM PDT · by Perseverando · 20 replies
    Zero Hedge ^ | March 16, 2017 | Authored by Mac Slavo via,
    The toxic dollar is bringing hell in a handbasket. Along with the student loan debt bubble and other major financial factors, the looming pensions crisis is bound to be the death of us all. Because it’s based on a future promise to pay, it has long been a benefit dangled to solve strikes and union disputes – because, in the end, it is just more debt, whether private or public. With tens of trillions in unfunded liabilities, the weight of an avalanche remains dangling over our heads. An aging population is cashing in on needed retirement benefits while the younger...
  • This is What Happens to Inflation when a Currency Gets Unpegged from the Dollar (Egypt)

    02/15/2017 4:59:31 PM PST · by Lorianne · 14 replies
    Wolf Street ^ | 13 February 2017 | Wolf Richter
    On November 3, the Egyptian Central Bank removed all exchange-rate restrictions and raised its benchmark rate by three percentage points. This was done to obtain that all-important $12-billion bailout loan the IMF had provisionally agreed to provide in August, though by November 3, the IMF’s executive committee still hadn’t ratified it. In the unofficial market, the pound had already collapsed against the dollar. With the peg gone, the official exchange rate instantly plunged from 9 pounds to the dollar to over 15 pounds to the dollar, and four days later it was at 18 pounds. On November 11, the IMF...