Central Banks Led by Russia, China, Poland Buy Record-Breaking $15.7 Billion in Gold
More & more countries lowering their reliance on USD
Tag: usd
India Joining International Gold Rush
Nation’s gold reserves now at a record high
Saudi Arabia Ready to Sell Oil in Other Currencies If US Passes Antitrust Bill – Report
Saudis threaten nuclear option would cause US economy to fall apart
Central Banks Worldwide Abandoning Dollar
Even allies diversifying assets
Why Is the US Dollar Rising?
On October 3rd I asked Is the U.S. Dollar Set to Soar? It seems the answer was yes. Here’s the weekly chart of the USD I posted on October 3rd: And here’s the current weekly chart of the USD: Note…
The “Nuclear Options:” Oil Pinned Below $30/barrel, US Dollar Rising
The “nuclear option” is the extreme-measures button you push when conventional approaches have failed and you’re facing certain defeat. In terms of upsetting the global economy’s precarious balance, there are two nuclear options short of actual nuclear war: pinning oil to…
Is the U.S. Dollar Set to Soar?
Hating the U.S. dollar offers the same rewards as hating a dominant sports team: it feels righteous to root for the underdogs, but it’s generally unwise to let that enthusiasm become the basis of one’s bets. Personally, I favor the…
Cheap Oil, the U.S. Dollar and the Deep State
That oil fell off a cliff once the U.S. dollar (USD) began its liftoff in mid-2014 is, well, interesting. Causation, correlation or coincidence? There are a variety of opinions on this, as there should be. What we do know is…
China, the Hollow Dragon
It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins are razor-thin in China, and have been since the early 2000s? Given that…
Travis Purrington’s USD Proposal Stemmed From Knowledge About Central Banks
Travis Purrington became popular as an artist for his USD proposal, in which he, for his masters thesis at the Basel School of Design, redesigned the US banknotes as we know them today. He chose this project because of the…
Travis Purrington’s USD Proposal Stemmed From Knowledge About Central Banks
Travis Purrington became popular as an artist for his USD proposal, in which he, for his masters thesis at the Basel School of Design, redesigned the US banknotes as we know them today. He chose this project because of the…