currency


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Cashless Society War Intensifies During Global Epocalypse   Recently updated !

By David Haggith The Great Recession Blog January 25, 2016   Cashless Society War Intensifies During Global Epocalypse       In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. This bold prediction is based on trends in nations all over the earth as shown […]


This Video Shows The Greatest Economic Collapses in History

By Raul Howmuch.net December 5, 2015   This Video Shows The Greatest Economic Collapses in History   The very first major economic collapse in recorded history occurred in 218-202 BC when the Roman Empire experienced money troubles after the Second Punic War. As a result, bronze and silver currencies were devalued. As depicted in the […]

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Can the US Dollar Face Down the Chinese Yuan?

By James G. Rickards Mises.org December 1, 2015   Can the US Dollar Face Down the Chinese Yuan?   [Editor’s note: Yesterday the International Monetary Fund designated the Chinese yuan as one of the global currencies used to calculate the value of Special Drawing Rights. This event may portend a significant reordering of the world’s monetary […]


The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With”

By Mac Slavo SHTFplan.com November 30, 2015   The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With”     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 […]

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China welcomes IMF backing to make yuan world reserve currency

By Against Crony Capitalism November 17, 2015   China welcomes IMF backing to make yuan world reserve currency     We have said in the past that the real economic “run for the hills” moment is the moment the dollar loses world reserve currency status. If that were to ever happen all sorts of things […]


How Beijing and the West Work Together to Manipulate the Global Currency War

By Brendan Brown Mises.org November 3, 2015   How Beijing and the West Work Together to Manipulate the Global Currency War   From reading the commentaries you might have imagined that the process of a currency winning international reserve status depends on getting the IMF seal of approval. At least that seems to be the story […]

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Global wealth shrinks for the first time since Lehman

By Against Crony Capitalism October 14, 2015   Global wealth shrinks for the first time since Lehman     This speaks to the “financialization” of the modern economy we referenced in a post yesterday. In a fiat currency world the banks truly, and almost totally run the show. The central banks particularly. And the American […]


Venezuela’s Largest Banknote Now Worth 12 US Cents

By PamAm Post September 30, 2015   Venezuela’s Largest Banknote Now Worth 12 US Cents World’s Highest Inflation Rate Destroys Cash Use of Bolívar Currency   The black market for US dollars in Venezuela reached a new high on Tuesday, September 29, when the exchange rate for the nation’s currency rose to 816 Bs. The […]

The open (black-market) exchange is now carried on through online bank transfers processed at the Colombian-Venezuelan border. (El venezolano)

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Cor-ROO-ption! Cor-ROO-ption!

By Bill Bonner Bonner & Partners September 21, 2015   Cor-ROO-ption! Cor-ROO-ption!   PARIS – “Cor-ROO-ption! Cor-ROO-ption! Cor-ROO-ption!” It only took a couple of minutes to realize our taxi driver had lost his mind. “You can’t trust anybody in Buenos Aires. Not the government. Not the police. Not the taxi drivers.” Especially not the taxi […]


Mexico, Federal Reserve Policy and Danger Ahead for Emerging Markets

By Nomi Prins NomiPrins.com September 10, 2015   Mexico, Federal Reserve Policy and Danger Ahead for Emerging Markets   On August 27th, I had the opportunity to address the Aspen Institute, UNIFIMEX and PWC in Mexico City during a Q&A with Patricia Armendariz. Subsequenty, on August 28th, I gave the opening talk at the annual […]

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Blame the Federal Reserve, Not China, for Stock Market Crash

By Ron Paul Ron Paul Institute August 30, 2015     Blame the Federal Reserve, Not China, for Stock Market Crash   Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose “solutions” to our economic woes. Not surprisingly, most […]


The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic”

By Michael Krieger Liberty Blitzkrieg August 28, 2015   The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic”     Earlier this week, as the financial world was mesmerized by a min-stock market crash, the Financial Times published a dastardly little piece of fascist propaganda. There is no more egregious anti-liberty economic policy […]

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Why Devaluing the Yuan Won’t Help China’s Economy

By Frank Shostak Mises.org August 27, 2015   Why Devaluing the Yuan Won’t Help China’s Economy   Earlier this month, the Chinese government decided to depreciate its currency on three consecutive occasions. On August 13, the price of the US dollar was trading at 6.413 — an increase of 3.3 percent against July. The key factor […]


Why Government Hates Cash

By Joseph T. Salerno Mises.org August 24, 2015   Why Government Hates Cash   In April it was announced that Greece was imposing a surcharge for all cash withdrawals from bank accounts to deter citizens from clearing out their accounts. So now the Greeks will have to pay one euro per 1,000 euros that they withdraw, […]

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