LATEST NEWS: A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk

This is the month when the future of the eurozone will be decided.  This week, Greek leaders will meet with European officials to discuss what comes next for Greece.  The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout.  Officials from other eurozone […]

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LATEST NEWS : It’s Currency War! – And Japan Has Fired The First Shot

This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist.  In a surprise move on Friday, the Bank of Japan dramatically increased the size of the quantitative easing program that it has been conducting.  This sent Japanese […]

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LATEST NEWS : Inflation – Crash Course Chapter 11

For close to 300 years, inflation in the US remained very subdued. Small spurts occurred around major wars (Revolutionary, Civil, WW1, etc), but after each, inflation quickly trended back down to its long-term baseline. If you lived during this stretch of time, your money had roughly the same purchasing power your great-grandfather’s did. But something […]

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LATEST NEWS : A Chinese Gold Standard?

While the 70th anniversary of D-Day last month received a lot of attention, another event, in July 1944 — the Bretton Woods conference, named for the mountain resort in New Hampshire where it was held — was perhaps even more significant in shaping the modern world. It not only led to the creation of what are now […]

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Chinese Companies Caught in Yuan Riptide

China’s decision to squeeze speculators out of its currency is causing pain for local companies and individual investors. The yuan fell on Monday to its lowest level in 10 months against the dollar after the government over the weekend doubled the currency’s daily trading range. The decision, foreshadowed by months of hints by Chinese officials, […]

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Russia vows to switch to other currencies over US sanctions threat – Glazyev

This comes amid US threats to pile sanctions on Russia over its stand on the Ukrainian coup. US Senate is currently debating possible measures against Moscow. Senator Christ Murphy, the chairman of the Senate’s Europe subcommittee, said lawmakers were considering such options as imposing sanctions on Russia’s banks and freezing assets of Russian public institutions […]

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Venezuela Currency Devaluation Currency Crisis Ahead?

Venezuela’s economy is in dire straights. Its productivity has plummeted, its debt has skyrocketed, its currency is the weakest it has ever been as far as available data shows. And it’s about to take another hit in March of next year in an emergency effort to bring runaway inflation under control and draw foreign investment […]

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World's first bitcoin ATM to launch this week

“The world’s first bitcoin ATM will go live in Vancouver, Canada on Tuesday. Built by company Robocoin, the ATM will trade the digital currency for cash and vice versa. Bitcoin is the world’s most popular electronic currency and it previously existed only on the internet but can now be traded for traditional cash. The Robocoin […]

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Dollar era drawing to its end

“At the G-20 summit in St. Petersburg the discussion of U.S. aggression against Syria overshadowed the economic issues. Meanwhile, there have been certain developments in this area that are crucial for the future of the global economy. The first steps were made to rid the banking and financial system of the dictatorship of the U.S. […]

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The Indian Rupee Keeps Falling While New Delhi Scrambles for Solutions

“The rupee is in trouble, and nobody seems quite sure what to do about it. The Indian currency closed at an all-time low of 64.11 against the U.S. dollar on Wednesday alongside a tumbling market, feeding widespread anxiety over the fact that the government has yet to curb the currency’s downward trajectory since it started […]

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