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Keyword: currency

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  • Spot The Loser! Japan’s Yen, China’s Yuan or Russia’s Ruble (Russian Ruble Bounced Back While Yen And Yuan Have Crashed)

    04/28/2022 9:45:12 AM PDT · by Browns Ultra Fan · 6 replies
    Confounded Interest ^ | 04/28/2022 | Anthony B. Sanders
    I hope America’s foreign policy wizards (Biden, Harris and Blinken) weren’t relying on the Russian Ruble staying pulverized, because the Ruble (relative to King Dollar) has regained all its losses. On the other hand, the Japanese Yen and Chinese Yuan have crashed harder than Biden’s popularity. Perhaps Biden, Harris and Blinken think Putin is a pasta sauce.
  • Commodities Versus S&P 500 And The New World Order (Crashing Currencies And Flight To Commodities) The End Of US Dollar Hegemony?

    04/26/2022 5:42:58 AM PDT · by Browns Ultra Fan · 12 replies
    Confounded Interest ^ | 04/26/2022 | Anthony B. Sanders
    Here is Dvorak’s New World Symphony, an appropriate piece the global turmoil that has taken place after Russia’s invasion of Ukraine. Here is the ratio of the S&P 500 index against the Bloomberg Commodity Price Index. This ratio is plotted against The Federal Reserve’s balance sheet of assets. Notice the decline in the Commodity Ratio in 2022, even ahead of the Russian invasion of Ukraine. Global currencies, on the other hand, have been really crushed since the Russian invasion of Ukraine. The Japanese Yen, China’s Renminbi and Europe’s Euro relative to the US Dollar are falling due to a variety...
  • Today's Rapidly Approaching Digital Currency World! When You Cannot Buy or Sell! RUMBLE VIDEO

    04/08/2022 9:26:43 AM PDT · by The Ignorant Fisherman · 8 replies
    Olive Tree Ministries ^ | 4/8/22 | Jan Markell
    Dear friends, digital currency by the end of this year? As global societies move and grow at EXPONENTIAL rates daily, via the high tech world of our day, it is not a fantasy any more now but a total coming global reality! Jan Markell hosts Pastors Mark Henry and Brandon Holthaus as they discuss the coming digital currency expected within a year. It will be programmable money, dictating what you can spend it on, replacing cash. This is a global effort. Biden signed onto it March 9. They also discuss the forthcoming food shortages. This info is not conspiratorial but...
  • 'Rublegas:’ the world’s new resource-based reserve currency. If Europe wants gas, all it needs to do is send its Euros to a Russian account inside Russia.

    04/03/2022 8:04:57 AM PDT · by SeekAndFind · 26 replies
    The Cradle ^ | 04/02/2022 | Pepe Escobar
    Saddam, Gaddafi, Iran, Venezuela – they all tried but couldn’t do it. But Russia is on a different level altogether. The beauty of the game-changing, gas-for-rubles, geoeconomic jujitsu applied by Moscow is its stark simplicity. Russian President Vladimir Putin’s presidential decree on new payment terms for energy products, predictably, was misunderstood by the collective west. The Russian government is not exactly demanding straightforward payment for gas in rubles. What Moscow wants is to be paid at Gazprombank in Russia, in its currency of choice, and not at a Gazprom account in any banking institution in western capitals. That’s the essence...
  • Elizabeth Warren Calls for U.S. to Launch Central Bank Digital Currency

    04/01/2022 1:34:46 PM PDT · by ChicagoConservative27 · 78 replies
    Breitbart ^ | 04/01/2022 | Joshua Caplan
    Appearing Thursday on NBC News, Sen. Elizabeth Warren (D-MA) called for the United States government to create a Central Bank Digital Currency (CBDC), which some longtime crypto proponents warn could be used to surveil citizens
  • Rickards: I’ve Never Heard So Many Lies (Ukraine / Russia)

    04/01/2022 11:32:11 AM PDT · by Jan_Sobieski · 60 replies
    DR ^ | 03/28/2022 | James Rickards
    All wars are full of lies. Winston Churchill famously said, “In wartime, truth is so precious that she should always be attended by a bodyguard of lies.”We accept that idea broadly. Secret invasion plans should be closely held. The identities of spies must be kept under wraps. New weapons and defensive tools should not be revealed because enemies will be alerted to their potential and begin offensive workarounds.Still, just because the government has legitimate reasons to deceive the public in wartime does not mean that citizens don’t have a duty to find the truth to the extent they can.The Russian-Ukraine...
  • Yuan Deposits Soar At Russian Banks After SWIFT Cut-Off

    03/13/2022 9:32:35 PM PDT · by SeekAndFind · 20 replies
    Trade For Profit ^ | 03/13/2022
    With Russia now officially cut off from both the USDollar and the euro, Russia's VTB Bank is seeing a surge in Chinese Yuan deposits, attracted by the bank offering significantly higher interest rates as Putin shifts focus to 'friendly' nations.The state-owned bank is offering a Chinese yuan savings account with a maximum interest rate of 8%, hailing the currency as "one of the most affordable and promising options for investing funds" after the country was hit by Western sanctions.Putting that in context, the three-month deposit rate is 8% in dollars and 7% in euros, while the six-month rate for ruble...
  • Zoltan! The New Financial Order aka Bretton Woods III Centered Around Commodity-based Currencies In The East (US Yield Curve Signaling Recession)

    03/12/2022 6:36:53 AM PST · by Browns Ultra Fan · 14 replies
    Confounded Interest ^ | 03/12/2022 | Anthony B. Sanders
    Zoltan! Credit Suisse’s Zoltan Pozsar wrote an interesting research note on how the Russia invasion of Ukraine and the G7’s response is causing a major upheaval of the global financial order. The Russian-Ukrainian war will create a new world financial order from which Bitcoin is set to benefit, according to Credit Suisse. Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a Monday report that Western sanctions on Russia are likely to cause a paradigm shift in the way the world organizes money and reserves, a “Bretton Woods III” kind of scenario. “We...
  • Russia turns to the renminbi

    03/09/2022 8:02:33 PM PST · by Callahan · 20 replies
    Axios China ^ | 3/9/22 | Beth Allen-Ebrahimian
    Russian companies and banks are turning to China's currency, the yuan (also known as the renminbi), as the doors to the U.S. dollar-based global financial system slam shut due to sanctions. Why it matters: The sanctions on Russia "incrementally help internationalize the renminbi," James Fok, author of the book "Financial Cold War: A View of Sino-US Relations from the Financial Markets," told Axios. "But that doesn't mean the renminbi is going to suddenly start rivaling the dollar in any meaningful way. In order for it to do so, you have a lot of other pieces that have to fall into...
  • Powell: Possible to have more than one reserve currency

    03/02/2022 11:45:14 AM PST · by RomanSoldier19 · 48 replies ^ | 3/2/2033 | Powell
    zerohedge @zerohedge *POWELL: POSSIBLE TO HAVE MORE THAN ONE RESERVE CURRENCY more at linky
  • Leftists Want To Control Your Money So They Can Control You

    02/23/2022 8:49:46 AM PST · by Kaslin · 10 replies
    The Federalist ^ | February 23, 2022 | Kyle Samin
    Last week, Canadian Prime Minister Justin Trudeau announced the suspension of Canadians’ rights last week in his invocation of the Emergencies Act to stop the Freedom Convoy protests in Ottawa and elsewhere. Among the restrictions announced are greater controls over the online crowdfunding sites that help to fund the protesters and attempts to control the flow of cryptocurrencies like Bitcoin. According to news reports, “credit card processors and fund-raising services will be required to report any blockade-related campaigns to Canada’s anti-money laundering agency.” Canadian banks quickly fell in line with the decrees, with Toronto-Dominion Bank freezing two personal bank accounts...
  • Fed's Brainard Sees Case for US Central Bank Digital Currency

    02/18/2022 11:29:43 AM PST · by Oldeconomybuyer · 26 replies
    Newsmax ^ | February 18, 2022
    Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in bolstering financial stability as the use of stablecoins and cryptocurrency grows and other countries issue their own CBDCs. "It is essential that policymakers, including the Federal Reserve, plan for the future of the payment system and consider the full range of possible options to bring forward the potential benefits of new technologies, while safeguarding stability," Brainard said in remarks prepared for delivery to the U.S Monetary Policy Forum in New York. Fed policymakers are divided on...
  • Boston Fed, MIT give a glimpse into Fed's crypto future with digital coin design

    02/05/2022 1:22:54 PM PST · by RomanSoldier19 · 26 replies
    yahoo finance ^ | 2/5/2022 | yahoo finance via msn
    he Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative have come up with an initial design for a central bank digital currency. The theoretical coin, which was unveiled just as the Federal Reserve explores the pros and cons of adopting one – could handle 1.7 million transactions per second, and settle in under two seconds, the Boston Fed and MIT surmise. The research initiative dubbed Project Hamilton is a multi-year collaboration between the Boston Fed and MIT’s Digital Currency Initiative that started in 2020. The project is exploring different designs that would optimize the...
  • The US is in the grip of inflation

    01/27/2022 5:01:18 PM PST · by Jyotishi · 23 replies
    The Pioneer ^ | Wednesday, January 26, 2022 | Ashwini Mahajan
    The American policy makers are diverting attention from the real cause of inflation — excessive expansion of money supply Although inflation is a common phenomenon in most countries of the world including India, many past generations of Americans have never suffered the brunt of inflation. But in the last one year, the rate of inflation in America has reached around seven percent, and that has started affecting the lives of ordinary Americans. Ruling Democrats are fearing the consequences of the same in the 2022 mid-term elections. On the one hand, Covid-19, which has destroyed the jobs of 22 million Americans,...
  • Biden Administration Forced to Abandon Saule Omarova Nomination For Comptroller of the Currency

    12/07/2021 5:45:34 PM PST · by SeekAndFind · 21 replies
    Red State ^ | 12/07/2021 | Dennis Santiago
    Facing insurmountable odds against Office of the Comptroller of the Currency nominee Saule Omarova in the U.S. Senate, the Biden administration accepted the withdrawal letter from the embattled nominee on Tuesday.The President characterized the abandonment of the nomination as “… unfortunately, from the very beginning of her nomination, Saule was subjected to inappropriate personal attacks that were far beyond the pale.”But members of the Senate Banking Committee on both sides of the aisle had grown increasingly uncomfortable with Omarova’s past policy stances on how banks should be organized and regulated; including, supporting radical proposals that would “change banking as we...
  • This Pivotal Moment, vaccine passports.

    11/29/2021 11:32:51 AM PST · by norsky · 11 replies
    rumble ^ | Published November 18, 2021 | Matthew Bracken
    Well done informative video re real purpose of covid, global reset of economy and loss of freedom. All areas of life will be monitored. Will reset economy to digital and access will be based on compliance. Will be monitored by AI. Excellent red pill for the doubting, it is happening. This Pivotal Moment, vaccine passports. (17 Minutes)
  • How Stablecoins Can Help the Underbanked

    11/21/2021 4:30:03 AM PST · by Kaslin · 35 replies ^ | November 21, 2021 | Bryan Bashur
    The Biden administration has made it clear they oppose the potential of stablecoins. But proponents view these private digital tokens, which are backed by reserve assets such as the U.S. dollar and short-term debt (e.g., commercial paper), as serving a key function to ensuring that all Americans have access to financial services. Pervasive opposition to digital tokens in the Biden administration could terminate future opportunities for providing capital to Americans that currently lack access to financing and bank deposits. Overregulation will stifle innovative financing products that could help provide capital for the unbanked and underbanked, or individuals who lack sufficient...
  • How Long Will The US Dollar's Dominance Last?

    08/29/2021 7:00:36 PM PDT · by SeekAndFind · 17 replies
    Sovereign Man ^ | 08/29/2021 | Simon Black
    301 AD was a big year for the Roman Empire.That was the year that, amid spiraling inflation, Emperor Diocletian issued his Edict on Maximum Prices, essentially fixing prices of just about everything across the Roman Empire.The price of wheat, a day labor’s wages, a quart of olive oil, transportation rates– everything was established by the Emperor’s edict, and enforced under penalty of death.Diocletian’s edict infamously didn’t work, and the empire plunged into even more severe inflation.The other big event of 301 AD was the introduction of the solidus gold coin, roughly 4.5 grams of nearly pure gold.And while the Romans...
  • Gundlach: We're running our economy 'like we're not interested in maintaining global reserve currency status'

    08/24/2021 7:42:48 PM PDT · by lasereye · 8 replies
    Yahoo Finance ^ | August 24, 2021 | Julia La Roche
    Billionaire bond investor Jeffrey Gundlach, the founder and CEO of $137 billion DoubleLine Capital, says his number one conviction over several years is that the U.S. dollar will decline as a consequence of current economic policies, resulting in the U.S. losing its sole reserve currency status. "My number one conviction looking forward a number of years — I'm not talking about the next few months at all, I'm talking about several years — is that the dollar is going to go down," Gundlach told Yahoo Finance in an exclusive interview. It's Gundlach's view that the "places to be in the...
  • Kiwi Crushed As a Single Case Of COVID Sparks Nationwide New Zealand Lockdown

    08/17/2021 10:30:00 AM PDT · by SeekAndFind · 19 replies
    Real News Aggregator ^ | 08/17/2021 | Tyler Durden
    With Australia's lockdown spreading to Canberra and the surrounding capital area after the discovery of just one case, the entirety of New Zealand - which supposedly eradicated COVID months ago - will now enter lockdown after the country just discovered its first case in six months.The three day "snap" lockdown, which hasn't exactly proven effective in Australia, where health officials recorded the worst day of new infections earlier this week even as the country's biggest cities have been on lockdown for weeks...The results of seven weeks of lockdown in Sydney (NSW cases) — Mike Bird (@Birdyword) August 16, 2021......