A decade after the global financial crisis, the world is facing another crash even bigger than the one in 2008, veteran stock broker Peter Schiff, CEO of Euro Pacific Capital, told RT.
A sea of red... After China's slump to 2014 lows, US markets are seeing selling pressure everywhere with bond prices down (10Y yields above 3.00%), the dollar sinking, and US stocks are all lower (led by tech and Nasdaq)
Echoing yesterday's unexpected PPI drop, Consumer Price growth slowed dramatically in August, missing expectations by the most since May 2017 (following the first monthly drop in PPI since Jan 2017) sparking a drop in the dollar and bond yields.
The United States is the largest debtor nation in the world and "it's getting worse and worse," according to investment guru Jim Rogers, who talked to RT on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok.
Another day, another angry rant by Turkish President Recep Tayyip Erdogan aimed at the US, who on Sunday vowed Ankara would abandon the dollar in transactions with Russia and other countries, accusing the US of behaving like "wild wolves."
With the US unveiling a new set of sanctions against Russia on Friday, Moscow said it would definitely respond to Washington's latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, s
Russia Says Time Has Come To Ditch The Dollar
One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bond
What Is Money?
After bouncing yesterday following White House reassurances of Fed independence and PBOC's big weakening of the Yuan fix, the dollar is tumbling again this morning... accelerating after Trump tweeted that "China, EU are manipulating their currencies,
You get a lot of attention if you shout out things like "The stock market is about to collapse",
The financial system is in trouble.
China is caught between a debt rock and a hard soaring dollar.
After an artificial pause in 2017, US government debt has resumed its inexorable climb...
In this video, Luke Rudkowski is joined by Jason Bermas to discuss the weeks' events that include China, the roundup scandal and Monsanto, the increasing coverage of border policy, and much more including other important stories.
Tough to say what the catalyst was for this kneejerk lower aside from severe weakness in Philly Fed (which is admittedly a 2nd tier economic data series at best), but the dollar is tumbling...
- Peso Pounded, Lira Lashed, & Rand Routed As EM Crashes
Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011. According to the latest data released by the Bureau of Labor and Statistics, the Consumer Price Index (CPI) jumped by 2.8% year-over-year in M
"US Sanctions Hurt Trust In Dollar As Reserve Currency"
In a testament to the success of the latest Trump sanctions against Russia, overnight Russian aluminum giant Rusal announced that its chief executive,
The dollar's collapse is nearing. The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions.
EU To DITCH The US Dollar In Payments For Iranian Oil
An asset backed currency, used by Russia and China, may be the biggest challenge to Emperor Dollar.
The US dollar is being challenged by China's oil-futures trading market that opened last month. That is because China is the world's largest importer of oil and the Saudis are a large exporter.
Use Gold As Proxy For The "True Value Of A Dollar"
The Petro Yuan is a Yuan denominated oil contract that is a competitor to the petro dollar.
Many believe deficit spending will kill the US dollar as a reserve currency and the yuan will take over. They are wrong. Economist Daniel Lacalle asks Can China Really Kill The US Dollar Supremacy?
US equity markets are down triple-digits this morning after the long weekend, the dollar is higher (having erased the post-CPI dump), and so are Treasury yields, but as former fund manager Richard Breslow notes, ...
Earlier this week, the bizarre, unexplainable, ongoing plunge in the dollar and US bond prices in the aftermath of the stronger than expected CPI print which also sent equities surging, prompted at least one trader at Citi to explode: "Wake Up Folks,