Posts Tagged ‘BRICS’
US Dollar and Unsustainable Deficits
Last week, I looked at the undeniable trend that the US Dollar, due to massive currency creation and weaponization, is losing its long-time dominance globally. This week, I want to expand on that thought. Dr. Ron Paul, former presidential candidate and past guest on my RLA Radio program, wrote a piece offering his take…
Read MoreGold and Digital Currencies; An Update
There is a lot going on around the world that has the potential to change investing markets and global financial dynamics quickly and substantially. In this weekly report, I have long been discussing that we will get inflation followed by deflation, with the inflation likely leading to currency changes. When studying history, one…
Read MoreHow the Dollar Could Lose Reserve Status Quickly
Last week, I commented on the deal to increase the debt ceiling, offering my take that the Federal Reserve will be forced to fund the majority of future deficit spending, culminating at some point with an ugly economic reset. Part of what I believe is eventually coming is the displacement of the US Dollar as…
Read MoreMore on De-Dollarization
On these pages each week, I often comment on Federal Reserve policy and the effect that it will have on the economy and the markets. The current tightening policy of the Fed, required as a result of the prior easy money policies of the Fed in order to contain inflation, is now the…
Read MoreHave You Heard of Unicoin?
It’s as unsettling as it is interesting. As I have been observing from time to time in “Portfolio Watch”, there are currency changes taking place around the world. As I noted last week, citing an article from Michael Maharrey, the move away from the US Dollar worldwide is accelerating, with China and…
Read MoreMore Evidence the US Dollar is Dying?
The move away from the US Dollar around the globe continues to accelerate, as confirmed by a brief review of the headlines from the past week. This is from Michael Maharrey (Source: https://schiffgold.com/key-gold-news/china-brazil-trade-deal-ditches-the-dollar/): More bad news for the dollar. Last week, China and Brazil announced a trade deal in their own currencies, completely…
Read MoreAre the Saudis Ready to Ditch the Dollar?
For several years now, I have been writing about the ultimate consequences of the considerable devaluation of the US Dollar. Over the past couple of years or so, every American has felt the effects of this dollar devaluation first-hand as consumer price inflation has driven the price of nearly every necessity higher. But…
Read MoreMetals, Currency and Inflation
Precious metals, stocks, and bonds all rallied last week. Interestingly, the rally in metals occurred after the inflation report came in cooler than expected. This from “Zero Hedge” (Source: https://www.zerohedge.com/personal-finance/core-cpi-inches-lower-40-year-highs-real-wages-tumble-19th-straight-month) The headline CPI printed far cooler than expected at +7.7% YoY (vs 7.9% exp) and down from the +8.2% in Sept. That is the lowest…
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