Back in 2013, The NSA was first exposed for secretly 'monitoring' the SWIFT payments flows.
Back in 2013, The NSA was first exposed for secretly 'monitoring' the SWIFT payments flows. This appears to have been among the last straws for Russia (and others) as far as both NSA spying and dollar domination.
Are we on the verge of a major worldwide economic downturn? Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead.
When inflation alarmists want to convince everyone the dollar is about to become worthless, they post this chart of the CPI.
To say that the U.S. economy is in trouble would be an understatement. According to Shadow Stats economist John Williams, we may be on the very cusp of a crisis so severe that it promises to re-write the entire paradigm.
Protests over democracy in Hong Kong may be preoccupying the Chinese leadership, but a subject of still greater international importance is being played out this week behind closed doors in Washington.
But to a few Wall Street financiers, a lawsuit that accuses the government of shortchanging the American International Group in its 2008 bailout is something else: a promising investment in a cause they support.
Much has been made of this week's 40th anniversary of Richard Nixon's resignation from the presidency. But while politicians come and go, it is their policies that live after them.
NSA surveillance controversy centered on U.S. fear that Europe's economic powerhouse will dump the dollar
Jim Rogers says: "The US dollar is an extremely flawed currency… we have serious problems… and the world needs something else." He goes on to discuss a possible China, Russia, Brazil joint currency that can battle the dollar's dominance and the coop
Edit: I say accumulate the CHINA YUAN (CNY) methodically, every month and reap the windfall. It's 6.21 to one USD right now. 1 Chinese Yuan equals 0.16 US Dollar
Well known author, commentator and radio host Steve Quayle says big changes are coming to the world.
As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade.
"Whoever is winning at the moment will always seem to be invincible." – George Orwell
"America is a marvelous idea, a unique idea, fantastic idea. I'm extremely pro-American. But America has ceased to exist," declares Doug Casey, an economist and author most recently of Right on the Money.
From "why did Nixon sever the link between currencies and gold?" to "is war good for the economy?" Mike Maloney's tour de force through 140 years of gold, silver, and monetary farce is indispensable as major parts of the world enter a de-dollarizatio
As more and more information about the state of global affairs becomes available one can't help but realize that life as we have come to know it is going to change dramatically in the very near future.
Russian companies are preparing to switch contracts to renminbi and other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market, according to two top bankers.
Following Obama and Putin's "caught on tape" meeting Vine'd by the French President, we can't help but wonder if the Russian leaders comments were something akin to "this is not over yet."
The de-dollarization escalates.
In 2012 an elite insider claimed that on or around March 4, 2014 the doomsday clock would ring, the effect of which would be a complete collapse of the U.S. economy.
I've already explained why meaningful trade and financial sanctions against Russia are a non starter – everyone would lose from such action. Europe would be pushed back into recession, Russia into financial meltdown.
I began writing analysis on the macro-economic situation of the American financial structure back in 2006, and in the eight years since, I have seen an undeniably steady trend of fiscal decline.
*Economist blogger & radio show host 1/28 at 9pm est
Markets are moving today with stocks tumbling 1% early in the U.S. trading session.
Economist John Williams thinks 2014 will mark the beginning of hyperinflation.
Few economic analysts truly understand the underlying fundamentals of the global economy and their impact on the workings of the world.
With all eyes glued to the anniversary of the assassination of JFK 50 years ago, we thought it worth noting that the death of another important American figure - the USDollar...
Since the SDR is just an aggregate of fiat currencies, it cannot really change the fundamentals of the current status quo.
Predicting the imminent collapse of the U.S. dollar, a Russian lawmaker submitted a bill to the country’s parliament on Wednesday that would ban the use or possession of the American currency.