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 : Russia Is Doing It – Russia Is Actually Abandoning The Dollar

The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarizationstrategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros.  And Gazprom would have never done this […]

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Doubts Arise Over U.S. Dollar’s Strength

“The dollar is stumbling as investors begin to question the relative strength of the U.S. economic recovery, which had powered a rally in the greenback in the first half of 2013. The WSJ Dollar Index, a gauge of the dollar’s exchange rate against seven of the world’s most heavily traded currencies, is down 4% in […]

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