The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti. “We will, of course, speed up the work on import substitution, reduce dependence on US payment systems, on the dollar […]
Not All Capital Is Equal; Some Is Destructive…
Financialization incentivizes hot money capital flooding into speculative credit-asset bubbles. When we speak of capital investments and capital flows, it’s presumed all the capital being referenced is equal: a dollar is a dollar, wherever and whenever it’s put to use. But not all capital is equal, and that is one reason why the global financial…
Bitcoin Forks…
Bitcoin, a digital currency worth $43 billion USD, is in uncharted and potentially risky territory after a split created two versions on Tuesday: the original bitcoin that’s existed since 2008, and the new Bitcoin Cash, which aims to be a more populist alternative. The split in the network was triggered on Tuesday afternoon (all times […]
Bitcoin Is Money…
Up 158 percent against the U.S. dollar this year, bitcoin is now the best-performing currency. Many are confused as to how this mathematical protocol can be worth more than $2,600, and why it keeps going up. The short answer: Bitcoin is money, just a little better and cheaper than the alternatives. If you don’t understand […]
We Inflate Assets and Crush People…
As a reminder there will be an option expiration for the precious metals on the Comex tomorrow. The Fed’s minutes were released today. They showed a bias to raising rates in June if the recent economic weakness proved to be transitory. The question of the Fed’s changing their benchmark interest rate is probably a little […]
Trump Strong Dollar Warning Sends U.S. Currency Tumbling…
President Donald Trump has triggered a sharp decline in the US dollar by criticizing the currency’s strength on the back of increased confidence in his presidency. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting – that will hurt ultimately,” said the […]
Moscow And Beijing Join Forces to Bypass U.S. Dollar in World Money Markets…
Russia’s central bank opened its first overseas office in Beijing on Thursday, marking a small step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system. It was part of agreements made between the two neighbours to seek stronger economic ties since the West brought in sanctions against Russia […]
Gold & Silver Manipulation: The Biggest Financial Crime In History…
As this immensely profitable fraud has been perpetrated, the MFM have bombarded the populace with a propaganda campaign that smears and mis-characterizes gold. Rising precious metals prices are always presented as being ominous, negative and inimical to the people, while declining prices are consistently placed in a favorable light. This propaganda has been carefully crafted […]
REPORT: Why Central Banks Were Forced To Rig The Gold Market…
According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Not only was the dropping of the Gold-Dollar peg going to release a great deal of pressure on the manipulated gold price, but forecasts of a […]
Bitcoin Is Rocking….
Bitcoin is at all-time high, with its value hitting $1,197.96 per coin on Friday and with over $18 billion of the digital currency in circulation. That’s well above its previous peak, in November 2013. At that time, the currency was trading at $1,163 per coin, with $13 billion in circulation. After that previous high four […]