On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled. It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency…
The Shanghai International Gold Exchange and Its Role in De-Dollarization…
This article is a primer on the Chinese gold market, more specifically the Shanghai International Gold Exchange (SGEI). The SGEI facilitates “offshore” gold trading in renminbi and can play a crucial role in de-dollarization, as it allows countries to use renminbi as a trade currency that can be converted into gold without affecting China’s balance of payments. De-dollarization can be accomplished by using yuan to settle international trade and store surpluses in gold through the SGEI…
Suspicions Rise After Officials Notice Disturbing Travel Patterns in Federal Reserve Employees…
For the past nine years, the Chinese government has allegedly been trying to tamper with the Federal Reserve in an attempt to undermine American monetary policy…
Beijing Cracks: Mortgage Boycott Prompts China to Launch Multi-Billion Property Rescue Fund…
With Chinese property sentiment sinking from bad to worse amid the growing mortgage boycott – which for now remains contained affecting about 1%-2% of China’s $5.8 trillion in mortgages…
China’s Digital Yuan, Biggest Threat to the West, Is Overshadowed by Russian War, Kyle Bass Warns…
Russia’s war in Ukraine is obscuring one very alarming threat posed by the Chinese regime: its system of paperless money, warned hedge fund manager Kyle Bass…
U.S. Dollar Faces the Threat of Being Displaced by China’s Digital Currency…
From a dictation of a blanket ban on all crypto activities and digital currencies as tools for retail payments, including access to international exchange platforms in 2018, to recent declaration of the People’s Bank of China (PBOC) to launch a central bank-backed digital currency (CBDC) by November 11, 2019, China has come a long way. […]
China: A Paper Tiger in a Fragile Economy by Andrew Moran…
We typically imagine the Chinese entrepreneur crunching numbers, working around the clock to boost the economy, and repeating Communist propaganda about the West being the supreme devil. But we might have it wrong. Considering that the major source of funding for tens of thousands of companies in China originates from the central bank’s printing press, […]
Shadow Banking Warning Highlights China’s ‘Debt Time Bomb’…
The mere mention of shadow banking was always going to conjure images of dimly-lit rooms and shady deals, evoking Hollywood’s film noir genre. In reality, of course, those two words are probably enough for the mandarins in the rarefied atmosphere at the People’s Bank of China to break out in a collective cold sweat. With […]
My Political-Financial Road Map for 2017 by Nomi Prins…
The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet. My prognosis is for more destabilization, financially and politically. In other […]