BRICs
Gold “Monetized” Honestly vs. Dishonestly
We look at two current contrasting cases of monetization of gold — one is honest and promotes monetary soundness and stability, the other is dishonest and promotes further financial and monetary crisis. Can you guess which form is being executed by the lay public, vs. the monetary authorities and big banks?
13Dec2011 | admin | 0 comments | Continued
China Embarks on “Five Year Plan” To Dump The Dollar
There has been a lot of well-meaning talk about the “threat” of China dumping the dollar, with precious little discussion of potential mechanisms. Here I expound on a a ZeroHedge piece that just came out announcing China’s expanded Yuan settlement facilities, which imply China is actually well underway on its path to explicitly driving the stake into the heart of the dollar once and for all. It is only a matter of time until we arrive at wholesale regime change for the dollar-dominated international trade system.
2Mar2011 | admin | 1 comment | Continued
Yes Virginia, The Chinese CAN Dump The Dollar
I’m surprised how persistently I see the dubious assertion that the Chinese “can’t away from the dollar because they own so many of them”. A related argument is that they are “stuck in dollars because of the trade deficit”. They certainly can move away from the dollar, though, and to do so, all they need to do is keep doing what they are already doing, and they will soon be positioned for a major transition.
26Jan2011 | admin | 10 comments | Continued
Implode-O-Meter News- Wannabe Wiseguy James Sabatino's Prison Guard Buddy Gets 5 Years
- Combined wealth of the world's millionaires tops $70 trillion
- Beijing has tactics besides just tariffs to hurt the U.S. in a trade war
- Warren Threatens Hold on CFPB Director Nomination
- Queens Rabbi Busted In 7 Million Dollar Extortion Plot
- Paul Tudor Jones warns the next recession will be 'really frightening'
- Senate rejects Trump's rescue of Chinese firm ZTE
- Debt Clock Ticking | Mauldin
- Over 800 Clueless New York Lawyers Become Victims In Toner Cartridge Scam
- Mulvaney Minion Kathy Kraninger Nominated As New Head Of CFPB
- Mortgage Lender Implosions and Updates
- Bank Implosions and Updates
- $1B Louisiana bank failure is costliest since financial crisis
- The Austrian Black Swan Claims Its First Foreign Casualty: German Duesselhyp Collapses, To Be Bailed Out
- Creditors Face Losses as Austria Halts Hypo Alpe Support
- Doral Financial in Puerto Rico Is (FINALLY) Shut Down by Regulators
- Electrical Workers #527 Federal Credit Union Closes
- Hedge Fund Implosions and Updates
- U.S. stocks close lower on fears the Fed may raise interest rates four times this year
- The Fed's unprecedented slap at Wells Fargo may cost the bank more than merely $400 million this year
- Well Played - The Republican Tax Cut Strategy | Mandelman Matters
- Swiss Franc Wiped Out Everest's Main Fund
- Ukraine's electricity crisis deepens as a plan to import South African coal collapses
- Builder Implosions and Updates
- Piggy bank raiders: half of parents dip into children's savings (UK)
- Drvenkar Custom Homes / Tex Best Custom Builders files for Chapter 7 bankruptcy
- Welcome to the Everything Boom, or Maybe the Everything Bubble
- I Don't Hang Up On Bill Collectors, They Hang Up On Me!
- Is Wells Fargo Run By The Catty Ladies From TV's Dynasty?
Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates,…