Free Republic

Ultimately, they want to take down red America – duh. This thread from Nate Hochman is very long, very disturbing, and a total must-read. Yeah, we know, the words ‘MUST-READ-thread’ can sound sorta clickbaity but this time around, it’s just us being honest. It’s easy to take a red state for granted because in a red state you can typically make some general assumptions, especially a red state like South Dakota. Except folks, that’s not always the case. Grab a snack, get comfy, and take a gander at this: A powerful, well-funded coalition is working to bring the transgender movement...

India has taken its first step towards liberating itself from dependence on the US dollar by buying oil from Russia in Indian rupees We have seen the continuous rise of the dollar since the First World War. After World War I, in exchange for supplies, the Allies began paying in gold to the United States, due to which America became the world's largest gold reserve. After the end of the war, various countries linked their currencies with the dollar and with this, the 'Gold Standard' ended in the world and thus the dollar became the world's most preferred currency. All...

The share of Yuan is only 3.5% in global trade. The Currency was accepted by IMF as a Reserve currency considering its growing share in International trade in the year 2016, October 1 st. The progress is appreciable. However the contrast is against US$ that has about 60% market share. Here also it's share in Intl Trade is coming down. The reasons why the Yuan will not topple US$ dominance is simple apart from the current unquestionable lead..They are: # China's economy is a mystery and conceals many things. What it reveals is that which the State decides in the...

If the Chinese yuan were to become the global reserve currency, it would, in essence, give the CCP the ability to cripple entire nations.In July 1944, 44 delegates from Allied countries came together during World War II in Bretton Wood, New Hampshire. The goal? Devise an international currency system to manage foreign exchange that would disadvantage no country and effectively facilitate post-war rebuilding and commerce. The outcome: The U.S. greenback would be the world’s reserve currency.It has been almost 80 years since, and all nations have been better off with a United States dollar-dominated world. World gross domestic product (GDP)...

Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of the US dollar was not only possible, but perhaps even imminent. CNN last week also aired its own segment suggesting the US will face “a reckoning like none before” if the “dollar’s dominance” in the global economy falls significantly.Much of the analysis was framed to stoke the public’s fears of Chinese geopolitical power, and the Fox segment was especially hyperbolic...

Reuters reported on Wednesday that “India’s Oil Deals With Russia Dent Decades-Old Dollar Dominance”, which informed their audience that the growing trend of those two using national or third-party currencies like the UAE’s is something significant for everyone to pay attention to. To that outlet’s credit, it also reminded readers that IMF Deputy Managing Director Gita Gopinath foresaw in the month after Russia’s special operation began that the West’s sanctions “could erode the dollar’s dominance”.Lo and behold, that’s precisely what happened, with India of all countries accelerating de-dollarization through its non-dollar-denominated energy deals with Russia. About them, Russia has since...

On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the US dollar must be backed by physical gold owned by the US Treasury. The initiative clearly indicates that the increasingly inflationary US dollar is triggering efforts to get better money.It should be noted that there have already been many legislative changes to make precious metals more attractive as a means of payment in recent years: in many US states, the value-added and capital gains taxes on gold and silver, but also on platinum...

After it joined the World Trade Organization in 2000 and anchored the Chinese yuan (a.k.a. renminbi) to the U.S. dollar, China linked its economy to the United States. Enforcing a fixed exchange rate regime with strict capital controls, China benefited from large inflows and relatively low-interest rates due largely to the low-interest rate environment in the United States. What happens to the Chinese economy when interest rates increase in the United States?Sovereign currency policy faces the intractable dilemma of what economists call the “impossible trinity.” Countries can have a fixed exchange rate, free capital flow, or sovereign monetary policy but...

p>It’s no secret that China and Russia have been stashing away as much gold as possible for many years.China is the world’s largest producer and buyer of gold. Russia is number two. Most of that gold finds its way into the Russian and Chinese governments’ treasuries.Russia has over 2,300 tonnes—or nearly 74 million troy ounces—of gold, one of the largest stashes in the world. Nobody knows the exact amount of gold China has, but most observers believe it is even larger than Russia’s stash.Russia and China’s gold gives them access to an apolitical neutral form of money with no counterparty...

The US dollar is on the verge of breaking down to the lowest level since 2014. This is not all that surprising. After all, the US money supply continues to grow at a rapid pace relative to other countries and quantitative easing is likely to continue at full pace through the end of 2021. Meanwhile, other countries like the UK, Canada and others are already telegraphing rate hikes. Not only that, but the US budget deficit as a percent of GDP – which has a tight correlation with the level of the US dollar index – is set to explode...

Beijing experienced limited success in its quest to overtake the U.S. dollar as the global trade currency. But it may have an easier time convincing the world of its government bonds as an investment alternative to U.S. treasuries. So far in 2021, Chinese government bonds have far exceeded the performance of their U.S. counterparts. Since Jan. 1, Chinese government bonds were relatively flat in terms of returns from Jan. 1 through the end of March. In contrast, the Bloomberg Barclays U.S. Treasuries Total Return index fell 4.2 percent during the same period. Some investment experts think Chinese government bonds could...

The Black Law Students Association at the University of San Diego School of Law is calling for campus administrators to train and post diversity officers in classrooms to observe and report bias and other “disparaging” actions against students of color. According to an open letter from the USD Black Law Students Association, these diversity officers would be charged with watching classrooms and reporting incidents or conduct they consider questionable or discriminatory.

The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dollars.

A federal appeals court on Tuesday said printing “In God We Trust” on U.S. currency is constitutional, citing its longstanding use and saying it was not coercive. The 8th U.S. Circuit Court of Appeals in St. Paul, Minnesota rejected claims by 29 atheists, children of atheists and atheist groups that inscribing the national motto on bills and coins violated their First Amendment free speech and religious rights.

The Canadian dollar has posted gains on Monday session, continuing the upward trend which marked the Friday. USD/CAD is trading at 1.2860. The Canadian dollar posted strong gains on Friday, which was somewhat surprising as Canadian markets were closed for Canada Day. US markets are closed on Monday for Independence Day, so there are no scheduled US events. Canada will publish Manufacturing PMI and the BoC Business Outlook Survey. With the financial markets understandably focused on the stunning Brexit vote, the Federal Reserve’s monetary policy has shifted to the back-burner. That could change later this week, with the release of...

The Vatican’s Congregation for Education has said that a drag show that occurred last year on the campus of the University of San Diego (USD) caused “scandal,” according to a letter revealed by the group Alumni for a Catholic USD.Nevertheless, the student organization PRIDE at USD will again be hosting a drag show next week called “Celebration of Gender Expression: Supreme Drag Superstar” on the campus of the Catholic institution, according to the group’s Facebook site.“Transgender & Transsexual? Gender expression & gender identity? Drag queen & drag king? What do these terms mean?,” the group asks. “At this Changemaker event,...

As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world. Emerging from the bloodshed of the Second World War as the world's most powerful nation, the United States has since then been trying to build a global empire by imposing a postwar world order, fueling recovery in Europe, and encouraging regime-change in nations that it deems hardly...

HIZBOLLAH VICTIMS BRING HISTORIC CIVIL SUIT AGAINST MEGA-BANK May 12, 2008 For Immediate Release VICTIMS OF HIZBOLLAH MISSILE ATTACKS BRING HISTORIC CIVIL ACTION AGAINST UBS IN NEW YORK FEDERAL COURT A group of American victims of Iranian sponsored terror have filed a civil action in the United States District Court for the Southern District against the Swiss mega-bank, UBS AG. The plaintiffs, all of whom had family members injured or killed in Iranian-backed terror attacks, allege that UBS' unlawful eight year-long provision of financial services to the Islamic Republic at the time Iran was providing material support to terrorist organizations...

The United States exported more goods and services in March than in any single month in its history: $172.7-billion (U.S.) worth. It was the country’s 21st consecutive month of rising exports, pushing the year-over-year increase to 20.9 per cent. In these 12 record-setting months, exports reached within one-tenth of 1 per cent of $2-trillion – more than four times the cost of the country’s imports of crude oil. This is significant. People are starting to take notice. Markets writer Joseph Lazzaro (on the Daily Finance website) anticipates that the U.S. up-trend in exports could last for years and turn its...

SAN DIEGO — Brandon Johnson became the University of San Diego’s all-time leading scorer for men’s basketball during a game on Feb. 13, 2010, but it was something else that allegedly happened in the same month that was the subject of a federal indictment unsealed Monday. He is accused of fixing a game for money. Johnson was one of 10 people indicted on a variety of charges that included sports bribery, illegal sports bookmaking and marijuana distribution. Two others had ties to USD’s basketball program: former player Brandon Dowdy and former assistant coach Thaddeus “T.J.” Brown. Johnson was arrested in...