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The Dollar’s Reign As The Global Reserve Currency Is Running Out – Fast

The dollar’s hegemony over the global financial system can’t last forever. Like all things, it will eventually come to an end. The only question left, as MacroVoices' Erik Townsend puts it, is whether we’re in the second inning and there’s going to be another hundred years of the dollar serving as the world’s global reserve […]


US Tax Cut and Rate Hikes Threaten China Currency

Authored by Valentin Schmid via The Epoch Times, Seven was the line in the sand. But the Chinese yuan never crossed that line vis-à-vis the U.S. dollar. It only crept up to 6.96 yuan per dollar on Dec. 16, 2016, before starting an impressive comeback, down to 6.5 in the middle of this year. Last […]


Gold Will Soar… As China Kneecaps The Dollar

Authored by Nick Giambruno via InternationalMan.com,  I recently spoke with my friend and colleague Chris Lowe about China’s new alternative financial system – and how it could mortally wound the US dollar. It was such an important discussion that I had to pass it along. Chris is the editor of Bonner & Partners’ Inner Circle. His publication […]


Mugabe Out, Mnangagwa In, Inflation Down – Current Annual Rate 32%

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Robert Mugabe’s 27-year reign of lawlessness, corruption, and incompetence came to an end late November 2017, after a “soft coup” engineered by Emmerson Mnangagwa (aka “the Crocodile”) successfully unseated the aged dictator. Since then, inflation expectations in Zimbabwe have fallen […]


Dollar Suffers Worst Year Since 2003 (And The Future Looks Even Grimmer)

The US Dollar is down over 9% year-to-date against a broad basket of the world's fiat currencies, tumbled over 10% against gold, and has collapsed against Bitcoin; but, as Bloomberg's Garfield Reynolds warns, the dollar's worst year since 2003 is about to get "even grimmer" in 2018… Via Bloomberg, The one point of clarity coming […]


Mugabe Out, Mnangagwa In, Inflation Down

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Robert Mugabe’s 27-year reign of lawlessness, corruption, and incompetence came to an end late November 2017, after a “soft coup” engineered by Emmerson  Mnangagwa (aka “the Crocodile”) successfully unseated the aged dictator. Since then, inflation expectations in Zimbabwe have fallen […]


Gold Tumbles Below Key Technical Support As 5Y Yields Spike To Six-Year Highs

For the second day in a row, precious metals are being pounded as gold joins silver back below its 200-day moving-average…   Knocking gold back to 3-week lows…   All of which is odd given the chaos in the dollar… Two days of collapse in gold as the dollar goes nowhere…   And Treasury yields […]


The Cardinal Sin Of International Finance

Authored by Nick Giambruno via InternationalMan.com, As Doug Casey has correctly noted, the prime directive of any organism – whether it’s an amoeba or a person or a corporation or a government – is to survive. That’s why the US government protects the petrodollar so zealously. It needs the system to survive. Why Everyone Uses […]


Hyperinflation in Zimbabwe – It’s back, but maybe not for long

Submitted by BullionStar.com When a nation adopts a foreign currency it will typically face significant hurdles when it tries to rid itself of that currency, or de-dollarize. But Zimbabwe’s autocratic ruler Robert Mugabe has appeared to have done the impossible. After dollarizing ten years ago, over the course of the last year or two he […]


Is Korea Just A Smokescreen?

Authored by Bryan McBride via Mises Canada, Is Korea just a smokescreen? In my last article (Sticking the arson charge on a couple of patsies) I questioned why North Korea’s nuclear program was attracting such attention from the United States. North Korea is a very poor and backwards country whose bellicosity reflects the regime’s need […]


Zimbabwe’s Inflation Monitor: A Weekly Update

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. In 2008, Zimbabwe suffered the second most severe episode of hyperinflation in recorded history. The annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^23) percent (see table below).  At the peak of Zimbabwe’s hyperinflation episode in November 2008, […]


China’s Rise, America’s Fall

Via Golem XIV's blog, Will the rise of China mean the fall of America?  In a word, yes. Although decline might be more accurate. Why do I think this?  Because China is about to launch the PetroYuan and when it does the demand for dollars and for dollar denominated debt will shrink. When it does, […]


Key Charts: Gold is Cheap and US Recession May Be Closer Than Think

by Dominic Frisby of Money Week Every year, Ronald-Peter Stoeferle and Mark J Valek of investment and asset management company Incrementum put together the report In Gold We Trust – 160-plus pages of charts and thoughts, mostly gold-related, on the state of the world’s finances. There’s so much to look at and consider. It’s a sort of digital equivalent of […]


Zimbabwe Inflates, Again…

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. In November 2008, Zimbabwe experienced the second highest recorded inflation rate in history, and with that, it entered the Hanke-Krus World Hyperinflation Table. That’s when the annual inflation rate reached a peak of 89.7 sextillion (10^21) percent (see table below).  […]


A Failing Empire, Part 2: De-Dollarisation – China and Russia’s Plan From Petroyuan To Gold

Authored by Federico Pieraccini via The Strategic Culture Foundation, As seen in my previous article, US military power is on the decline, and the effects are palpable. In a world full of conflicts brought on by Washington, the economic and financial shifts that are occurring are for many countries a long-awaited and welcome development. If we […]