Currencies

This tag is associated with 53 posts

Why The Government Hates Gold

By Murray N. Rothbard When a country goes off the gold standard and onto the fiat standard, it adds to the number of “moneys” in existence. In addition to the commodity moneys, gold and silver, there now flourish independent moneys directed by each government imposing its fiat rule. And just as gold and silver will … Continue reading

Preparing For The Euro Dissolution: Germany Keeps Bringing Its Gold Reserves Back From Abroad

German central bank, known as the Deutsche Bundesbank, has already delivered gold valued at approximately 11.5 billion euros to Frankfurt and is planning to bring back 50% of the country’s gold reserves until 2020 according to Sputnik News. President of the Bundesbank Jens Weidmann made remarks today, that Germany accelerated the withdrawal of Germany’s gold reserves from overseas. The central banker noted the following: There … Continue reading

De-Dollarization: The Story Of Gaddafi’s Gold-Backed Currency Is Not Over

A declassified email exchange between former US Secretary of State Hillary Clinton and her adviser Sid Blumenthal shows that Clinton was up to her eyeballs in the Western conspiracy against Libyan leader Muammar Gaddafi and his Pan-African “Gold Dinar” currency, F. William Engdahl narrates. A recently declassified email from the illegal private server used by ex-Secretary of State … Continue reading

Russia: Ruble Soars On Fed Rate Decision, Rising Oil Prices

The Russian currency gained over four percent against the dollar on Thursday after the US Federal Reserve decided to keep interest rates unchanged and Brent crude climbed over $41 a barrel. As of noon Moscow time, the ruble was trading near 68 against the greenback, compared to the previous day’s exchange rate of 71. This … Continue reading

Goldman Predicts $700Bn Capital Outflow, Weaker Yuan For China In 2016

The world’s second biggest economy will see $700 billion leave the country this year, says Goldman Sachs. However, a currency crisis in China is unlikely to happen soon, according to the bank. Even though capital outflows from China have grown from 2013, the main concern is declining foreign reserves of the People’s Bank of China, … Continue reading

Gold: The Only Sound Money

By Alasdair Macleod This article notes that the technical situation for the gold price has sharply improved, to the evident surprise of many mainstream analysts. It discusses possible reasons behind the turnaround, and implications for the future. The technical situation is shown in the chart below. A “golden cross”, with the 55 day moving average crossing … Continue reading

Look What’s Happening To Gold Priced In OTHER Currencies [Wow…]

By David Smith, Money Metals Exchange At the close of market on the Wednesday this essay was written, the price of one troy ounce of gold was US$1,229. A troy ounce of silver was trading at US$15.25. Around the world, the price of silver and gold is most commonly quoted in U.S. dollars. As Americans, we tend … Continue reading

The Cashless Society Cometh: European Nations Such As Sweden And Denmark Are ‘Eradicating Cash’

By Michael Snyder Did you know that 95 percent of all retail sales in Sweden are cashless?  And did you know that the government of Denmark has a stated goal of “eradicating cash” by the year 2030?  All over the world, we are seeing a relentless march toward a cashless society, and nowhere is this … Continue reading

The IMF Changes Its Rules To Isolate China And Russia

By Michael Hudson A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered financial and diplomatic control. China and Russia are investing in neighboring economies on terms that cement Eurasian integration on the basis of financing in their own currencies and favoring their own exports. They also have created the Shanghai Cooperation … Continue reading

Central Banks To Issue Digital Currencies?

By Paul-Martin Foss Central bankers may have driven numerous economies into ruin. They may continue to drive up the cost of living and contribute to economic inequality. But rest assured, they are learning from their mistakes and vow to do everything they can to correct them. To that end, central bankers are looking into issuing … Continue reading

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