Currencies

Russia could initiate a much scarier financial attack on the U.S. than dumping its holdings of U.S. Treasury bonds were America to impose sanctions because of Russia's actions in the Crimea.

What is taking place around the world these days is analogous to the children's game of Musical Chairs, where everyone is happily going round and round at the beginning of the game but they all know that at some point soon the music will stop and those without a chair to sit in will be out of the game! I see PMs as being the chairs and, when the current financial music stops, those without PMs will be left holding nothing but paper money and history is full of examples of paper money suddenly becoming worthless!

Do you think the USD is still on top? What makes a currency strong isn’t necessarily what makes it popular or valuable, as you’re about to read.

News out of Venezuela continues to be quite grim, pointing to further economic deterioration... Here is the the latest:

All the hype surrounding Bitcoin is a dead giveaway that you should be suspicious. Forget all the economic arguments against the currency, though. The biggest risk is a technological one. Add in the neck-snapping volatility, and you’re telling me this is the future of money? Keep dreaming! It’s little more than a wild speculation. One with a fatal flaw, at that, so please, whatever you do, refrain from converting your life savings – or any meaningful amount of money – into Bitcoins. At least until you read this article.

With international reserves in virtual free-fall, the black market peso rate plunging, and no sign for months that President Kirchner has any appreciation at all of the gravity of the situation, the country is in the advanced stages of another financial panic/meltdown. This will end badly, another chapter in the long history of Argentine financial crises extending back almost 100 years.

munKNEE.com will receive well over 1,000,000 visitors again in 2013 and is now a “go-to” destination for a diversified account of economic, financial and investment analyses, opinion, advice and education including the current state of the U.S. dollar and its possible future.

Finance executives in Asia see the writing on the wall. They can see that the dollar is in a period of terminal decline, and that the Chinese renminbi is going to take tremendous market share away from the dollar - and they want a big piece of the action. To that end representatives of the Hong Kong Exchange and the Singapore Exchange, THE two dominant financial centers in Asia, have signed an agreement to combine their forces in rolling out more financial products denominated in Chinese renminbi. This has massive consequences for the global financial system - and the future of the U.S. dollar.

The next black swan is already staring us in the face. It's out of control currency debasement and it's going to be a collapse in the purchasing power of the US dollar. [After all,] does anyone seriously think that we can print trillions of dollars out of thin air for five years and not eventually have something bad happen?

The People’s Bank of China is reported by Bloomberg to have said that it will rein in dollar purchases as the country no longer benefits from increases in its foreign-currency holdings...What implications will this have? I believe that we'll see the start of a U.S. dollar collapse. Here's why