Today once more we start with the ever-important undercurrents, which are the actual significant drivers of the developments beyond the ongoing tactical vagaries of the battlefield…
U.S. Pressures Saudi Arabia to Sell Oil in Dollars, Not Chinese Yuan, Amid Israel Negotiations…
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…
China Sells US Debt, Stockpiles Gold Amid De-Dollarization Trend…
Amid the growing de-dollarization trend and increased awareness of the importance of diversification of foreign exchange reserves, starting in 2022, China began to sell US Treasury debt and use the dollars to stock up on gold…
‘Black’ Monday 2.0…
Well that escalated quickly…
Douglas Macgregor: We’re Seeing the End of the Dollar-Based Global Economy…
Ret. Col. Douglas Macgregor on Friday warned we are seeing the end of the dollar-dominant global economy in an interview with FOX News host Tucker Carlson. “I think we’re seeing the end of the dollar-based global economy,” Macgregor said. “We’ve weaponized the global monetary system that we largely dominant and control…
Stocks, Yuan, Bond Yields Crash as Trump Unleashes New China Tariffs…
Just as investors thought it was safe to buy-the f**king-dip after Powell’s plunge, President Trump steals the jam out of their donut by announcing new China tariffs…”on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country” In a series […]
Small Caps Soar to Best Start Since 1987 as China Adds Record Liquidity…
Wondering why stocks are soaring? Simple really – Global Central Bank balance sheets are soaring again…
China About to Knock Out Petrodollar by Trading Oil in Yuan…
As one of the world’s top energy importers, China has successfully completed its fifth dry run in yuan-backed oil futures contract trading. The step has been already called Beijing’s challenge to the US dollar. According to Bloomberg, which cited a statement from the exchange, 149 members of Shanghai International Energy Exchange traded 647,930 lots in […]