THE WISE SHALL UNDERSTAND

Tag: Dollar

Snubbing Obama, Russia And China Sign Historic Deal To Bypass The U.S. Dollar

Snubbing Obama, Russia And China Sign Historic Deal To Bypass The U.S. Dollar

“These actions in Russia, including China’s voracious appetite for gold, these actions are meaningful steps away from the dollar,” Jim Rickards, partner at Tangent Capital Partners

| August 11, 2014 | 74 Comments
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Return of the Gold Standard as World Order Unravels

Return of the Gold Standard as World Order Unravels

As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver to $39 in its train. On one side of the Atlantic, the eurozone debt crisis has spread to the countries that may be too big to save – Spain and Italy – though RBS thinks a €3.5 trillion rescue fund would ensure survival of Europe’s currency union.

| July 14, 2011 | 4 Comments
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George Soros Prophecy On US Dollar Coming True Rapidly

George Soros Prophecy On US Dollar Coming True Rapidly

Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.
The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world’s predominant national currencies. A combination of factors accounts for the weakness, with the Federal Reserve’s easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.

| April 24, 2011 | 7 Comments
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Hu calls currency system ‘product of the past’

Hu calls currency system ‘product of the past’

As we watch the decline of the American dollar, it is no surprise that China is making a move towards taking over as the nation to hold the world’s new reserve currency.

| January 16, 2011 | 1 Comments
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