Tag Archives: dollar

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Sorry, Mates, Strictly Business: Australia Wants To Cut Out US Dollar In Trade With China

Australia is seeking to bypass trading in U.S. dollars with China in an effort to avoid the commercial uncertainties that come with the recent fluctuations in the greenback. For example,…

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World’s First Bitcoin ATM

  Need Bitcoins? This ATM takes dollars and funds your account New Hampshire entrepreneurs have created a dollar-converting anonymous Bitcoin ATM, which they hope to sell to bars, restaurants, and…

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Killing the Dollar: G20 & IMF Push for Global Fed, Global Currency

  While headline stories about averting the dangers of an international “currency war” dominated news coverage of the recently concluded G20 meeting in Moscow, the real unreported story is that the global…

IMF deputy managing director Zhu Min. 

Want China TImes

RMB on way to becoming global reserve currency: IMF official

With China’s economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an…

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Mass Exodus From 25 Biggest US Banks Amid Exponential Silver Demand

  US Federal Reserve has reported that a major deposit withdrawal took place last week from the nation’s bank accounts. The financial system has not seen such a fund outflow…

Credit: TOI

US sanctions: India’s euro payments for Iran crude oil may end on Feb 6

  India may next month be forced to end the 18-month-old arrangement of paying for Iranian crude oil imports through a Turkish bank as a new set of US sanctions…

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A forensic examination of dead currencies: What causes hyperinflations and why we have not seen one yet

A forensic analysis on dead currencies When I think of hyperinflation, I think of dead currencies. They are the best evidence. There is a common pattern to be found in…

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Iranians (and Americans) Use Bitcoin to Fight Government Control

Thanks to U.S. sanctions, dollars are scarce in Iran. Enter Bitcoin, the handy-dandy stateless peer-to-peer crypto currency! Iranians are using the hard-to-trace digital currency (which can be exchanged for dollars) to buy things…

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Why Central Banks are Buying Gold

The role of gold in central bank reserves… SINCE 2009 the signatory central banks of the Central Bank Gold Agreement have stopped selling their gold, writes Julian Phillips at GoldForecaster. We have stated…

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The Real Targets Of Currency Wars

Xi Jinping, likely to be China’s next president, visits President Obama in the White House this week. This visit ensures that the ongoing currency war between the United States and…

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The Connection Between White House Cyber Attacks and Global Reserve Currency

According to an anonymous White House official that spoke to mainstream media, yet acknowledged that they were not authorized to speak about the subject, referred to an attempt to hack into the…

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Currency war warnings follow US Fed’s “quantitative easing”

There are growing fears that the US Federal Reserve’s policy of “quantitative easing”—the process by which tens of billions of dollars are pumped into financial markets every month—is sparking international…

Reserve Currency

Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings

The last time we looked at monthly Chinese imports of gold from Hong Kong in 2012, the comparable country in question was Portugal (whose citizens, if not central bank, incidentally have run out…

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Special Drawing Rights (SDRs) – Establishment of a New World Currency

Are you ready for a world currency?  If the United Nations has anything to say about it, that is exactly what we are all going to have shoved down our…

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Stagflation and the 1970s Oil Crisis

In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate slows down and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to…