The United States is negotiating behind the scenes with Saudi Arabia, pressuring the country to keep selling its oil in dollars…
Rickards Drops Bombshell…
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…
Israel Dumps the Dollar for China’s Renminbi…
Over the last 48 hours, China and Russia have taken big steps toward separating themselves from the monetary policy and economies of the west – and nobody has even noticed…
U.S. Dollar Is Losing Ground in Southeast Asian Countries…
SDR World Order by James Corbett…
The IMF is formally adding the Chinese renminbi (aka the yuan) to their “Special Drawing Rights” basket on Saturday, October 1st. The move boosts the yuan to the status of global reserve currency alongside its basketmates, the pound, the euro, the yen and the dollar…
As Oil Tumbles, Just How (Massively) Overpriced Are Energy Companies? Here Is One Answer…
Oil has plateaued and has resumed its descent, recently sliding in a new bear market, and as of this moment flirting with $40/bbl as the realization…