Dollar Peg

This tag is associated with 10 posts

One More Casualty Of The 9/11 Farce – The Petrodollar

By Brandon Smith It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe. The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., … Continue reading

Saudi Arabia Threatens To Sell $750B In U.S. Assets If Congress Exposes 9/11 Role, NYT Says

Saudi Arabia has warned the Obama administration and members of Congress that it will liquidate hundreds of billions of dollars’ in U.S. assets should Congress pass a bill that would hold the Saudi government responsible for any role in the September 11, 2001 (9/11), terrorist attacks, according to a bombshell report from The New York Times (NYT).   The bill … Continue reading

Japan Desperately Needs A Stronger Dollar, China Desperately Wants A Weaker Dollar: The Fed Can’t Please Both

By Charles Hugh Smith The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it. Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a currency is relative to other currencies, all currencies can’t weaken together: at least … Continue reading

The Coming Collapse Of Saudi Arabia

By Nick Giambruno, Casey Research They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew to Saudi Arabia. He was there to meet with King Abdullah, the country’s ruler and one of the richest men … Continue reading

When Currency Pegs Break, Global Dominoes Fall

By Charles Hugh Smith When a currency peg breaks, it unleashes shock waves of uncertainty and repricing that hit the global financial system like a tsunami. The U.S. dollar has risen by more than 35% against other major trading currencies since mid-2014: If all currencies floated freely on the global foreign exchange (FX) market, this … Continue reading

Why The Chinese Yuan Will Lose 30% Of Its Value

By Charles Hugh Smith The stark truth is nobody wants yuan any more. The U.S. dollar (USD) has gained over 35% against major currencies since 2011. China’s government has pegged its currency, the yuan (renminbi) to the USD for many years. Until mid-2005, the yuan was pegged at about 8.3 to the dollar. After numerous complaints … Continue reading

China’s 3 Trillion Dollar Mistake

By Eugen von Böhm-Bawerk When looking at the current state of the Chinese economy it is important to note what happened leading up the ongoing predicament. By managing the USD/CNY exchange rate the Chinese factory worker was essentially funding excess consumption in the United States. One of the many perks enjoyed by global reserve issuer. The … Continue reading

Falling Oil Prices Raise Concerns Over Azerbaijan Stability

By Riccardo Dugulin The ongoing fall of oil prices leaves the Azerbaijani economy exposed to structural issues, increasing the risk of social unrest linked to current hardships. Since December 2015, the Azerbaijani economy has felt the negative effects caused by falling oil prices. The drop in state revenue from oil, along with the devaluation of the national currency, … Continue reading

Opinion Is Divided On State Of Chinese Economy, But Not On Its Importance

It is difficult to gauge true fragility of China, but economists agree it will have profound impact on the rest of the world in 2016. By Heather Stewart It was perhaps fitting that China’s latest lacklustre industrial survey was the first fragment of financial data to greet the new year. Economists are divided about the risks … Continue reading

China Just Ended the Dollar Peg (…For The Most Part)

By JC Collins On March 25, 2015 I published a post titled When Will China End the Dollar Peg.  In that post we speculated that the USD based managed peg of the RMB will be removed before the end of the year.  Just in time for the implementation of the AEC trade agreement which starts … Continue reading

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