By Michael Snyder There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too. Time will tell if they are ultimately correct, but even now there are signs that financial trouble is already[...]
Tag: currency wars
Currency Wars Deepen – Russia, Kazakhstan Buy Massive 30 Tons Of Gold In August
It appears that Putin is going for the West’s jugular… By Mark O’Byrne - GoldCore Latest official gold reserve data from the International Monetary Fund (IMF) shows that Russia again added to its gold reserves in August, with the Central bank of the Russian Federation purchasing 232,510 ozs (7.23 tonnes) and bringing its total gold reserves to 35.769 million ozs or 1,112.5[...]
Author James Rickards: Global Economy Is in ‘Indefinite Depression’
By Dan Weil It wouldn't be fair to call ace money manager James Rickards an optimist about the global economy. "We are in a depression. This is a global depression," the author of "The Death of Money: The Coming Collapse of the International Monetary System" told RT news service. "It started in 2007, and it is going to continue indefinitely. Depressions are structural, monetary solutions are[...]
Preserve Your Wealth in the Face of Financial War – Battles Happening Right Now
By James Rickards During the Cold War, the United States had enough nuclear missiles to destroy Russia and its economy and Russia had enough missiles to do the same to the United States. Neither adversary used those missiles and the leaders were quite careful to avoid escalations that might lead in that direction. Proxy wars were fought in places like Vietnam, the Congo and Afghanistan, but[...]
The Almighty Dollar Is In Peril As The Global ‘De-Dollarization’ Trend Accelerates
By Michael Snyder, on July 6th, 2014 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. In previous articles, I have discussed Russia's "de-dollarization strategy" and the fact that Gazprom is now[...]