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Keyword: dollar

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  • ISIS release pictures of their new gold coins they say will 'break capitalist enslavement'

    08/30/2015 5:50:24 AM PDT · by Libloather · 27 replies
    Daily Mail ^ | 8/30/15 | Tom Wyke
    ISIS release pictures of their new gold coins they say will 'break capitalist enslavement' - so why are they still paying their deranged gunmen in US dollars? ISIS have released a new hour long video, showing off their latest propaganda tool - their very own coin currency. The video, which includes a dreary and distorted history of world economics, shows the smelting of gold, silver and copper coins. Dramatised by clips from Hollywood war films, the film accuses the US of 'confiscating Americans real wealth through an executive decree' with the introduction of the Gold Reserve Act in 1934. Yet...
  • 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...
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • Dollar drops as China move raises doubts over Fed hike timing [Dealing with a world-wide economy]

    08/12/2015 4:15:35 AM PDT · by expat_panama · 47 replies
    Reuters ^ | Wed Aug 12, 2015 | Anirban Nag
    The dollar fell 0.6 percent against a basket of currencies on Wednesday, coming under pressure as Treasury yields dropped on doubts over whether the U.S Federal Reserve will raise interest rates in the wake of China's devaluation of the yuan. The yuan extended its losses, dragging the growth-linked Australian and New Zealand dollars to six-year lows with it, while another set of disappointing Chinese data bolstered safe-haven currencies such as the yen. The euro, meanwhile, rose, helped by the unwinding of euro-funded carry trades in the yuan EURCNH=. The single currency hit a one-month high of $1.11385 EUR=EBS, up 0.8...
  • 10 Reasons to Love the Strong Dollar [The USD is Today, the World's Strongest Major Currency]

    08/12/2015 6:01:38 AM PDT · by SeekAndFind · 6 replies
    The Street ^ | 08/12/2015 | BySimon Constable
    The surge in the greenback has some stock investors screaming foul, but they shouldn't be. Instead, they should embrace the strength. It is true that the trade-weighted value of the U.S. dollar has climbed more than 21% in the last 13 months, according to recent data from the St. Louis Federal Reserve. It's also true that the rally is taking its toll on the earnings reports of some multinational companies -- their foreign revenues take a hit when translated back into dollars. Still, there is plenty to feel great about. Here are 10 reasons to smile. 1. It makes imports...
  • China's devaluation raises currency war fear as Greece strikes deal (WORLD WIDE STOCK MARKET CRASH)

    08/11/2015 4:06:44 AM PDT · by expat_panama · 95 replies
    Reuters ^ | Aug 11, 2015 | Nigel Stephenson
    China's shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis. Stocks fell in Asia and Europe as investors worried about the implications of a move designed to support China's slowing economy and exports. The stronger dollar hit commodity prices, driving crude oil down after Monday's hefty gains. Weaker stocks lifted top-rated bonds, with yields on euro zone debt also falling on the Greek deal, struck nine days before Athens is due to repay...
  • Commodities Are Re-entering A 'Deflationary Vortex'

    08/10/2015 11:11:40 AM PDT · by blam · 26 replies
    BI ^ | 8-10-2015 | Akin Oyedele
    Akin Oyedele August 10, 2015The pain is far from over for commodity prices. Gold, crude oil, copper, and aluminum have all had ugly plunges this year, especially in July. And as far as analysts at Macquarie see it, it's only going to get worse.In a note to clients on Monday, the firm writes that the plunge in prices is not just a story of oversupply in commodities but also an undersupply of the dollar. And so as dollars become more scarce, the dollar gets more expensive, meaning that on a gross basis, fewer dollars buy more commodities, making it hard...
  • Why a Financial Collapse Is a Certainty

    07/14/2015 6:26:33 PM PDT · by SkyPilot · 53 replies
    Rapture Ready ^ | Matt Ward
    There is an unsolvable problem at the heart of our financial system. The outcome of this problem is inevitable. The joblessness, increasing debt and recession that we see now is only the first stage of a crisis that is certain to come soon. Everything about our way of life is about to change. Many people believe that today is as bad as it will get and that things will not get worse. The truth is that this is just the start of what is about to unfold. We will all be witnesses to the real consequences of this coming collapse...
  • For America's economy, the end is nigh [Fundamental Transformation Complete]

    07/13/2015 3:47:47 PM PDT · by Jan_Sobieski · 31 replies
    World Net Daily ^ | 7/12/2015 | Lord Monckton
    ...Mr. Obama’s mission to destroy America’s economy is complete. The damage he has done is irreversible. The dollar is history. The American economy is going down, and soon. The posh commentators say the collapse will be gradual rather than sudden. But few are now predicting there will not be collapse at all. Here are just some of the pointers. First and foremost, U.S. public debt is $18.3 trillion. By the time Mr. Obama leaves the White House late next year, he will have doubled it in a single “presidency.” On top of that, Uncle Sam has unfunded liabilities of at...
  • Dollar firms before payrolls, Greece unease simmers

    07/02/2015 3:22:23 AM PDT · by expat_panama · 10 replies
    Yahoo Finance ^ | Jul 2, 2015 | Marc Jones
    LONDON (Reuters) - The dollar was near a three-week high on Thursday and world stock markets had a delicate feel, as the implication of U.S. jobs data later for a possible Fed rate hike added to Europe's uncertainty over Greece. Chinese shares also remained in focus as they suffered another heavy tumble overnight to take their loses over the last six weeks to 25 percent, countering otherwise solid performances in the rest of Asia's main centres.Europe's main bourses in London, Frankfurt and Paris and Milan opened largely flat having rallied on Wednesday but the mood remained skittish after hopes of...
  • Alexander-the-Not-So-Great: Hamilton Out on $10 Bill

    06/22/2015 11:20:10 AM PDT · by Mozilla · 85 replies
    Breitbart ^ | June 18, 2015 | Jarrett Stepman
    The Treasury Department announced on June 17, that Hamilton would be replaced and diminished on the $10 bill in order to feature a woman to be announced at a later date. The goal is to have new bills out by 2020, the 100th anniversary of the 19th amendment that guaranteed women the right to vote. “Our democracy is a work in progress. We’ve always been committed to a more perfect union,” Treasury Secretary Jack Lew said according to CBS News. ”This decision to put a woman on the $10 reflects our aspirations for the future, as much as it is...
  • A Woman on the $10 Bill? Big Deal

    06/19/2015 9:23:27 AM PDT · by Kaslin · 100 replies
    Townhall.com ^ | June 19, 2015 | S.E Cupp
    With the announcement this week by Treasury Secretary Jack Lew that there will be a woman on the $10 bill, I found myself daydreaming about all the new equality that will presumably come with such a historic and meaningful honor. Because, surely, with all the current economic problems we're attempting to solve -- a still unstable job market, widening income inequality, rising poverty -- the United States government wouldn't waste its valuable time on some kind of empty symbolic gesture. Surely, putting a woman on a U.S. banknote will be an important step forward for gender equality and advancing women's...
  • Zimbabwe slashes 16 zeros from currency but dollar still a joke

    06/12/2015 9:00:55 AM PDT · by Citizen Zed · 45 replies
    euronews ^ | 6-12-2015
    From next Monday Zimbabweans with have their mental arithmetic simplified for them with the news some zeros are coming off the currency. Quite a lot of zeros. No less than 16, as the federal reserve attempts to end funny money by offering one new Zimbabwe dollar in exchange for 35 quadrillion old ones. However the real hyperinflation rate is in fact worse. The money being replaced was only issued in 2008, when the exchange rate was one for 10 billion. The real hyperinflation rate has 25 zeroes attached. This is now hyperinflation an elderly German would recognise, with all its...
  • Obama denies telling G7 counterparts that 'the strong dollar posed a problem'

    06/08/2015 4:28:05 PM PDT · by Libloather · 5 replies
    Daily Mail ^ | 6/08/15 | David Martosko
    President Barack Obama said on Monday that he never told his G7 meeting counterparts that the strong U.S. dollar posed a 'problem' for the United States. Having a strong currency typically weighs on the competitiveness of a country's industries and exports. Speaking to reporters after the G7 summit, Obama denied a report by an unidentified French official that he had voiced concern about the strength of the dollar during a discussion of the world economy. 'First of all,' he said, 'don't believe unnamed quotes. I did not say that. And I make a practice of not commenting on the daily...
  • Businesses Quietly Switch To Dollar In Socialist Venezuela

    05/25/2015 3:02:17 PM PDT · by Aquamarine · 18 replies
    Associated Press ^ | May, 25,2015 | Hannah Dreier
    CARACAS, Venezuela (AP) -- It's still possible to buy a gleaming Ford truck in Venezuela, rent a chic apartment in Caracas, and snag an American Airlines flight to Miami. Just not in the country's official currency. As the South American nation spirals into economic chaos, an increasing number of products are not only figuratively out of the reach of average consumers, but literally cannot be purchased in Venezuelan bolivars, which fell into a tailspin on the black market last week. Businesses and individuals are turning to dollars even as the anti-American rhetoric of the socialist administration grows more strident. It's...
  • Oil Prices Decline as Dollar Strengthens

    05/19/2015 5:56:00 AM PDT · by thackney · 19 replies
    Fox Business ^ | May 19, 2015 | Dow Jones Newswires
    Oil prices declined on Tuesday, losing value as the strength of the dollar dissuaded buyers. The dollar gained versus the euro after a senior official at the European Central Bank said the institution would " front-load" its bond-buying program, snapping up more eurozone sovereign debt in May and June to avoid having to buy large volumes during the summer lull in July and August. A stronger dollar makes oil more expensive for buyers holding other currencies. The Wall Street Journal Dollar Index, which tracks the dollar against a basket of other major currencies, rose 0.5%. Brent crude for July delivery...
  • IMF: Risks rise as dollar hits emerging markets

    04/15/2015 11:16:57 AM PDT · by Citizen Zed · 1 replies
    The Salt Lake Tribune ^ | 4-15-2015 | Andrew Mayeda Bloomberg News
    Risks to the global financial system are rising, as emerging markets face a squeeze from the strong U.S. dollar and weak commodity prices, the IMF said. While the strengthening greenback and lower oil prices are boosting the world recovery, the changing landscape is putting pressure on countries and firms that export crude and other commodities, the International Monetary Fund said in its semiannual Global Financial Stability Report released Wednesday. "Further rapid dollar appreciation and an abrupt rise in U.S. interest rates, coupled with a rise in geopolitical risks, could put added pressure on emerging-market currencies and asset markets," the IMF...
  • The Soaring dollar puts the world on sale for Americans

    04/10/2015 4:38:14 AM PDT · by SeekAndFind · 12 replies
    Los Angeles Times ^ | 04/10/2015 | Tom Petruno
    Americans have long complained that the dollar doesn't buy much anymore. Suddenly, the dollar's problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments. The U.S. currency's value has surged over the last nine months, reaching levels against some world currencies last seen more than a decade ago. In Europe, it now costs just $1.09 to buy one euro, down from $1.37 a year ago and almost $1.50 four years ago. To put it another way, an American tourist strolling the streets of Paris this...
  • Fears of a new global crash as debts and dollar’s value rise

    03/29/2015 6:19:27 PM PDT · by 9thLife · 13 replies
    the guardian ^ | Saturday 28 March 2015 12.00 EDT | Heather Stewart
    Greek ministers are spending this weekend, almost five grinding years since Athens was first bailed out, wrangling over the details of the spending cuts and economic reforms they have drawn up to appease their creditors. As the recriminations fly between Europe’s capitals, campaigners are warning that the global community has failed to learn the lessons of the Greek debt crisis – or even of Argentina’s default in 2001, the consequences of which are still being contested furiously in courts on both sides of the Atlantic. As Janet Yellen’s Federal Reserve prepares to raise interest rates, boosting the value of the...
  • How Pastor Creflo Dollar Manipulates A Lower-Class Community Into Giving Him Millions

    03/19/2015 8:14:44 AM PDT · by C19fan · 14 replies
    Patheos ^ | March 15, 2015 | Peter Mosley
    The headlines were surprising. Creflo Dollar (yes, that’s his real name), a pastor at World Changers Church International headquartered in Atlanta, Georgia, actually had the nerve to ask his congregation and watchers, nationwide, of his program on the Internet, to replace his broken-down private jet with a state of the art model. And the plane Dollar requested, the Gulfstream G650, is not just your run-of-the-mill private jet. It’s, according to a quote on the Gulfstream website, “The biggest, fastest, most luxurious, longest range and most technologically advanced jet — by far — that Gulfstream has ever built.” Indeed, its writeup...
  • Demise of The Petrodollar

    03/16/2015 2:44:13 AM PDT · by lbryce · 4 replies
    MoneyTellStories ^ | March 16, 2015 | Staff
    We've all heard this before. If the petrodollar is not the currency in which the world trades in oil. the US will collapse economically. There's nothing new except for the fact that according to the video the US overthrew Qaddafi and Saddam because they threatened to stop trading oil in dollars. Not that it is the definitive cause for the invasion of Iraq or even the truth of why we invaded,it does give me some rationale however fictitious it may be for why we did in fact overthrow Saddam.
  • $100 Trillion American Economic Collapse with Jim Rickards

    12/11/2014 8:11:12 AM PST · by Ghost of SVR4 · 11 replies
    Youtube ^ | Oct 21, 2014 | Jim Rickards
    I don't know too much about Jim Rickards, just found this to be an interesting video about the overall economy and some tidbits about what our government agencies are up to. The video is a 45 minutes long interview of sorts and discussion. Just posting in the event other are interested.
  • The Surging Dollar Is A Signal That A Colossal Financial Event Is Just Around The Corner

    03/13/2015 9:26:10 AM PDT · by blam · 28 replies
    BI ^ | 3-13-2015 | Mike Bird
    Mike Bird March 13, 2015 The dollar is set for its strongest quarterly strengthening since 1992, according to Bank of America, a good sign that a rate hike is around the corner. When markets expect that US interest rates will be hiked, it typically strengthens the dollar. That's because people rush to change other currencies into dollars — they can make more money in dollar-denominated investments. The higher demand for the US currency drives its value up. In the past, significant dollar gains against other currencies have pretty much happened only during periods of extreme financial or geopolitical distress. The...
  • Euro could fall to 85 cents against US dollar

    03/12/2015 7:53:08 PM PDT · by Lorianne · 34 replies
    CNBC ^ | 11 March 2015 | Michelle Fox
    As analysts were waiting to see how fast the euro reaches parity against the U.S. dollar, one foreign exchange pro told CNBC he saw the common currency dropping even further, with the dollar strengthening another 20 percent. George Saravelos, global co-head of FX research at Deutsche Bank, said the euro could fall to 85 U.S. cents against the greenback.
  • Euro slips to new 12-year low against US dollar ($1.05)

    03/11/2015 9:09:49 PM PDT · by tcrlaf · 15 replies
    Straits Times ^ | 3-12-2015 | Reuters
    The euro slipped to a fresh 12-year low against the US dollar on Thursday as the common currency continued to buckle under pressure felt since the European Central Bank launched its massive quantitative easing scheme at the start of the week.
  • Currency Wars Continue As IMF Concedes End To Dollar Hegemony

    03/10/2015 9:07:39 AM PDT · by Olog-hai · 36 replies
    GoldCore ^ | March 9, 2015 | Mark O’Byrne
    Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled “Is the Dollar Losing its Clout Among EMs?” It refers to the deliberate and stated policy of “de-dollarization” around the world, the decline in the use of the dollar in international trade and as a reserve currency, and the emergence of the new BRICS bank. The article quotes best-selling author and Pentagon insider, Jim Rickards. Rickards says that the status of the dollar as a reserve currency is still solid despite its decline...
  • Dollar Hits Fresh Highs Against Euro, Yen

    03/10/2015 1:27:34 AM PDT · by Oliviaforever · 11 replies
    WSJ ^ | 3/10/15 | HIROYUKI KACHI
    The dollar set fresh multiyear highs against the euro and the yen in Asian trade Tuesday, as market participants bet on the continuing divergence in monetary and economic conditions in the U.S., the eurozone and Japan.
  • 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...
  • Federal Reserve Insider Alan Greenspan Warns:There Will Be a “Significant Market EventSomething Big

    With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs. But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider...
  • The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

    01/01/2015 6:27:40 AM PST · by HomerBohn · 103 replies
    Invesment Watch ^ | 12/30/2014 | Michael Snyder
    The American people are feeling really good right about now. For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession. In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year. And a lot of people are generally feeling quite good about the people that have been leading our nation. According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the...
  • Iran Is Ditching The Dollar In Foreign Trade [Ezekiel 38]

    01/27/2015 3:29:03 PM PST · by Jan_Sobieski · 12 replies
    Business Insider ^ | 1/27/2015 | Elena Holodny
    (Vladimir Putin, right, with his Iranian counterpart Hassan Rouhani in 2014.) Iran is ditching the dollar. Iran is no longer using the US dollar in foreign-trade transactions and is replacing it with other currencies, t he deputy governor at the Iranian Central Bank Gholami Kamyab said, according to Sputnik News. "In trade exchanges with the foreign countries, Iran uses other currencies including Chinese yuan, euro, Turkish lira, Russian ruble, and South Korean won," Kamyab reportedly said. He also reportedly added that Iran was considering bilateral currency-swap agreements, which would allow partners to exchange one foreign currency for the equivalent...
  • This Report Is A Terrible Sign For The Economy

    01/27/2015 7:35:52 AM PST · by blam · 39 replies
    BI ^ | 1-27-2015 | Myles Udland
    Myles Udland January 27, 2015It is officially a horrible morning for the economy. After the global manufacturing giant Caterpillar had poor fourth-quarter results and gave a gloomy outlook for 2015, economic data from the US has added to more bad news for the economy Tuesday morning. Durable goods orders were a HUGE miss, declining 3.4% against expectations for a 0.3% increase. Durable goods orders excluding defense and transportation orders, referred to as "core" capex, declined 0.6% in December. Last month's numbers were also revised sharply lower, with November's orders revised down to -2.1% from a prior number of -0.7%. Following...
  • As Euro Slides, Strategists Cut Forecasts

    01/24/2015 3:51:11 AM PST · by SkyPilot · 14 replies
    The Wall Street Journal ^ | 23 Jan 15 | Tommy Stubbington and James Ramage
    Rip up your euro forecasts. A day after the European Central Bank unveiled its bond-buying program, the single currency still was in free fall, blowing past analysts’ expectations for how low the euro can go. Some investors now say the euro could fall to the point where it is on equal footing with the U.S. dollar for the first time since it climbed above the buck in late 2002. “If you would have asked me a few months ago, I would’ve said that parity could be in the cards in the years ahead. Now, we can’t rule it out anymore...
  • This Is What Gold Does In A Currency Crisis, Euro Edition

    01/23/2015 1:19:26 PM PST · by blam · 18 replies
    Zero Hedge ^ | 1-23-2015 | Tyler Durden
    Tyler Durden 01/23/2015 Submitted by John Rubino via Dollar Collapse blog Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.(snip)
  • While You Were Sleeping, Lehman Just Happened...

    01/21/2015 2:51:17 PM PST · by alexmark1917 · 24 replies
    The "Deflationary Vortex": Global Dollar Economy Suffers Biggest Plunge Since Lehman, Down $4 Trillion One of the macroeconomic observations that has gotten absolutely no mention in recent months is the curious fact that while global economic growth has not imploded in recent quarters, it is because GDP has been represented, as is customary, in local currency terms. Of course, this comes as a time when local currencies (at least those which are not the USD) have been plunging against the greenback on the back of the expectations that the Fed will hike rates some time in the summer or later...
  • On This Day in 1933

    06/16/2013 5:40:22 PM PDT · by george76 · 14 replies
    Ludwig von Mises Institute ^ | June 13th, 2013 | Christopher Westley
    You were considered a hoarder and a slacker if you still resisted turning over your gold to the government. ... most of those who voted for FDR never expected him to confiscate private holdings of gold coins, bullion, and certificates. Roosevelt called the measure a temporary one (it wasn’t), and he followed it up by invalidating gold clauses in private contracts that obligated payment in gold dollars, which had the effect of devaluing the assets of bond and contract holders. ... By January 1934, Roosevelt increased the dollar price of gold from $20.67 to $35, thus devaluing the dollar by...
  • Boom Goes The Dynamite: Oil's Price Crash Is Going To Rip The Global Economy To Shreds

    01/14/2015 5:41:59 PM PST · by SkyPilot · 298 replies
    Seeking Alpha ^ | 13 Jan 15 | Michael T. Snyder
    If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. As I write this, the price of U.S. oil is sitting at $45.76 a barrel. It has fallen by more than 60 dollars a barrel since June. There is only one other time in history when we have seen anything like this happen before. That was in 2008, just prior to the worst financial crisis since the Great Depression. But following the financial crisis of 2008, the price of oil rebounded fairly rapidly. As you...
  • Russia Just Pulled Itself Out Of The Petrodollar

    01/14/2015 10:37:04 AM PST · by tcrlaf · 30 replies
    Zerohedge ^ | 1-14-2015 | Durden
    Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote "How The Petrodollar Quietly Died, And Nobody Noticed", because for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015. This empirical death of Petrodollar followed years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling....
  • Dollar Surges to 11-Year High Against Biggest Rivals

    01/02/2015 6:38:32 PM PST · by BenLurkin · 11 replies
    wsj.com ^ | Jan. 2, 2015 6:55 p.m. ET | Ira Iosebashvili and Ian Talley
    Propelling the rally is anticipation of the Fed’s first interest-rate increase in almost a decade, a move widely expected to come this year. The Fed is preparing to raise rates from near zero amid steady improvement in the U.S. economy and labor market since the financial crisis.
  • 2014 "End of Year" report and a look into what 2015 might bring

    01/01/2015 1:16:58 PM PST · by GilGil · 12 replies
    The Vineyard of the Saker on Blogspot.com ^ | Tuesday, December 30, 2014 | The Saker and "Marina"
    2014 has been a historic year and so will be 2015, if only because 2014 set a great deal of things in motion, but resolved none of them. I have come to the conclusion that there is a 80% chance of a massive Ukrainian attack on Novorussia next year, probably in the first part of the year. My best guesstimate is that Novorussia will probably be able to beat back this attack, albeit with great effort and big losses. The Russian economy will continue to suffer and appear to be sinking for the next six months or so at which...
  • 2015 Will Be The Year Of Dollar Danger For The World

    01/01/2015 7:11:51 AM PST · by blam · 19 replies
    BI - The Telegraph (UK) ^ | 1-1-2015 | Ambrose Evans-Pritchard
    Ambrose Evans-Pritchard, The Telegraph (UK) January 1, 2015America’s closed economy can handle a surging dollar and a fresh cycle of rising interest rates. Large parts of the world cannot. That in a nutshell is the story of 2015. Tightening by the US Federal Reserve will have turbo-charged effects on a global financial system addicted to zero rates and dollar liquidity. Yields on 2-year US Treasuries have surged from 0.31pc to 0.74pc since October, and this is the driver of currency markets. Since the New Year ritual of predictions is a time to throw darts, here we go: the dollar will...
  • Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble

    12/30/2014 7:18:57 AM PST · by blam · 16 replies
    Zero Hedge ^ | 12-30-2014 | Tyler Durden
    Tyler Durden 12/30/2014 USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200...(snip)
  • Fed and Congress Signal Trouble, Putin Defends Russia, ISIS War

    12/19/2014 12:38:05 PM PST · by GilGil · 10 replies
    USAWatchdog ^ | 12/19/2014 | Greg Hunter
    My top story is the economy, and I think the Fed and Congress just signaled that something is seriously wrong, and it’s going to get worse. First off, the Federal Reserve just came out and said that it was going to be “patient” when normalizing the monetary policy. I know Wall Street is jubilant and the stock market spiked on the news, but I think this is really ominous, and it is nothing to be celebrated. To me, that means don’t expect the Fed to raise interest rates anytime soon because the economy is much worse than what they are...
  • A Downhill Run for the Dollar in 2015

    12/18/2014 7:37:48 AM PST · by GilGil · 15 replies
    Gold-Eagle ^ | 12/17/2014 | John Williams
    "I'll give you a couple of things to look for in 2015. Fundamental economic activity as measured in areas such as retail sales, industrial production, housing starts, payroll numbers and the broadest measure of unemployment—all those numbers are going to deteriorate. The economy is going to head down as we get into reporting in early 2015. Along with that will come renewed expectations of action by the Federal Reserve to accommodate the financial system, particularly the banking system, and the combination of those factors will, I believe, help to trigger a massive decline in the U.S. dollar. As a result...
  • Is Ruble Collapse Act of War-Paul Craig Roberts

    12/17/2014 12:58:34 PM PST · by GilGil · 48 replies
    USAWatchDog ^ | 12/17/2014 | Paul Craig Roberts
    On the teetering economy and possible economic collapse, Dr. Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositors’ money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of...
  • Russia Is Throwing The Kitchen Sink At The Ruble To Try To Stop Its Collapse

    12/17/2014 5:18:08 AM PST · by blam · 10 replies
    BI ^ | 12-17-2014 | Mike Bird
    Mike Bird December 17, 2014 After a brutal sell-off Tuesday, the ruble shot up in early trading Wednesday morning, rising by nearly 7%, from 68 to the dollar to 63.16 at 8:09 a.m. GMT. The rise came as the Russian finance ministry intervened in the currency market, according to Bloomberg. That means it's selling off a chunk of its dollar reserves to buy rubles, driving the currency's value up. By 9 a.m., though, the exchange rate fell back to where it started, and the ruble is falling again: down 0.68% at 68.51 as of 10:15 a.m. GMT. Here's how the...
  • Lower Oil and King Dollar Are Unambiguously Good: Don't Listen to the Naysayers

    12/13/2014 5:43:29 AM PST · by SeekAndFind · 4 replies
    National Review ^ | 12/12/2014 | Larry Kudlow
    We all know that the American energy revolution, led by the new technologies of hydraulic fracturing and horizontal drilling, has created a flood of new shale-oil and natural-gas production that has overwhelmed world markets and driven prices down by roughly 40 percent. End-of-week crude oil closed near $57 a barrel, and the national average gasoline price finished at $2.60. No matter what the naysayers are trying to sell, the new energy reality is unambiguously good for the U.S. and global economies. There may be some dislocations among countries, sectors, or companies, but the overwhelming impact is positive. In fact, the...
  • Big Banks Will Take Depositors Money In Next Crash -Ellen Brown

    12/11/2014 11:14:26 AM PST · by GilGil · 87 replies
    USAWathdog ^ | 12/10/2014 | Ellen Brown
    "... if you had a big derivatives bust that brought down JP Morgan or Bank of America, there is no way there is going to be collateral left for the FDIC or for the secured depositors. This would include state and local governments. They all put their money in these big banks. So, even though we are protected by the FDIC, the FDIC is not going to have the money. . . . This makes it legal for these big 30 banks to take our money when they become insolvent. They are too-big-to-fail. This was supposed to avoid too-big-to-fail, but...
  • Congressman Seeks to End Program He Calls ‘More Dangerous’ Than IRS Scandal

    11/20/2014 9:08:15 AM PST · by PapaNew · 9 replies
    The Daily Signal/The Heritage Foundation ^ | November 19, 2014 | Kelsey Harkness
    Calling a secretive government operation to strangle politically out-of-favor businesses “more dangerous” than the IRS targeting scandal, a congressman with a background in banking is preparing to introduce legislation to kill the Obama administration initiative. “I believe this activity is probably more dangerous and more disastrous than that of the IRS scandal because this is running people out of business for no reason and it’s harming livelihoods, incomes [and] families,” Rep. Blaine Luetkemeyer, R-Mo., said today in an interview with The Daily Signal. Luetkemeyer, a member of the House Financial Services Committee, was comparing the Department of Justice’s Operation Choke...
  • U.S. dollar will "get a lot stronger than anyone can imagine"

    11/14/2014 7:14:51 AM PST · by Minsc · 64 replies
    Yahoo Finance ^ | 11/14/2014 | Joanna Campione
    The U.S. dollar is on a roll. The dollar index, which measures its value versus a basket of other world currencies, is at a four-year high. John Mauldin, best-selling author and chairman of Mauldin Economics says, get used to it. Mauldin believes the dollar is going to keep rising and “get a lot stronger than anyone can imagine.” He says, “We are going to be trading stronger against nearly every currency.“ In other parts of the world, currencies are slipping as the U.S. dollar strengthens. Central banks in Europe and Japan are shifting policies to fight slowing growth and fend...