October 1st, 2016 marked a historic day and one that signals the death of the dollar.
Today’s news is a historic milestone. The dollar’s days are numbered, and the new global economic order is shifting into place. As many insiders have expected, China has now officially gained status among the world […]
Goldman argues “real” figure might have been closer to $115 billion Shortly after the PBoC’s move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its reserves […]
On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for […]
[Image caption/credit: The Fog of (Currency) War (courtesy Google Images) On Monday, The Washington Times reported (“People’s Bank of China decides to devalue its currency”) that, “In a potentially major move for trade and relations […]
Russia is leaving the dictatorship of the market where oil goods are based on the dollar Russia plans to leave the “dollar dictatorship” of market oil prices and turn to using the country’s national currency and the Chinese […]