Currencies

The U.S. Dollar's status as a reserve currency seems to be a perennial concern for many people these days. I think this concern is often dramatically overstated. Here's why.

Swings in the US dollar have no long-term impact in the price of gold and gold isn't an inflation hedge either so what is it then? Read on!

It’s common for the world’s most powerful country to issue a currency that becomes adopted around the world as the standard for international trade but whenever that country reaches a point of epic, terminal decline, and especially when it rapidly debases its currency, the rest of the world seeks an alternative. This article outlines the history of the rise & fall of "world" currencies over the centuries and then comments on what the future likely holds for today's "world" currency - the U.S. dollar.

The Fed, together with other central banks from around the world, have created the perfect crescendo of worldwide credit bubbles and asset bubbles leading to the excesses and decadence which are the normal finale to a secular trend. They have totally destroyed all major world currencies and left the world with debts that cannot and will not be repaid with normal money. As such, there are only two alternative outcomes, debt default or hyperinflation. Both will have disastrous consequences for the world economy.

Below is a highly informative infographic from Fortunly on the current state of the greenback. It will also provide you with a short history of the currency and some projections for the future. Enjoy!

Bitcoin bulls estimate that the price of each coin could hit $20,000 very soon thanks to rising demand. But there are some who believe that the price of bitcoin could very well go on to hit $500,000 - even as much as $1,000,000 - in the very near future.

The least imperfect monetary system by which civilized nations can conduct their business is the classical gold standard - a system in which every major nation defines its currency as a weight unit of gold. [Let me explain.] Words: 890

We are now on the eve of an economic crisis of unfathomable proportions due to an insoluble debt problem. Holding precious metals will be invaluable insurance to survive this crisis financially.

It is critical to heed the strong warning signs of deep trouble coming in Europe, Japan and the USA. A 75-79% fall in the currencies of these countries is telling us that they will all go to their intrinsic value of ZERO in the next few years. This will lead eventually to the same hyperinflation as in Argentina and Venezuela...

The petroyuan has launched. Let's investigate its success or lack thereof, primarily the latter.