By Cody Willard I've been saying for a while now that I don't see any reason to try to game a bottom, or any type of trade for that matter, in oil/energy. We've made a lot of money and avoided a lot of heartache over the years sticking with our strategies. Unless oil drops to like, say, $20 a barrel and there's a wave of bankruptcies in the sector where we could go in and buy the survivors, I'm [...]
Tag: currency wars
De-Dollarization Accelerates: Russia Launches SWIFT-Alternative Linking 91 Entities
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. Last year, following threats to remove Russia from SWIFT by the UK, (which SWIFT rapidly distanced its 'independent-self' from), Russia (and China) announced plans to create its own[...]
If Everything Is So ‘Awesome’, Why The Alarms Over A Rate Hike Of 25 bps?
by Wall Street Journal • February 18, 2015 By OMID MALEKAN at The Wall Street Journal Imagine you have a serious illness and have been taking medication that was supposed to cure you long ago. After being on the maximum dosage for years you start to feel better, so you ask your doctor if you could roll back the dosage, ever so slightly, to alleviate some of the side effects. He says that[...]
Why The Price Of Oil Is More Likely To Fall To $20 Rather Than Rise To $80
By Michael Snyder, on February 15th, 2015 This is just the beginning of the oil crisis. Over the past couple of weeks, the price of U.S. oil has rallied back above 50 dollars a barrel. In fact, as I write this, it is sitting at $52.93. But this rally will not last. In fact, analysts at the big banks are warning that we could soon see U.S. oil hit the $20 mark. The reason for this is that the[...]
THE CURRENCY WARS ARE BAD NOW, BUT CHINA WILL SOON MAKE THEM EVEN WORSE
Investors know the currency wars are raging in the West and Japan with beggar-thy-neighbor devaluations by Sweden, Denmark, Canada and many others. But the heavyweight – China – has been unusually quiet lately. Click here to see why that’s about to change. Look for China to jump back into the currency wars soon. [...]
Setting the Stage for the One World Currency – Martin Armstrong
By Martin Armstrong We can start to see how the one-world currency comes into play with BIG BANG. The more these governments try to manipulate the outcome of the free markets, the worse everything becomes. I met with members of the board in charge of the Swiss/Euro Peg just before the Berlin Conference. I explained that no peg has ever lasted and Bretton Woods stands as witness to that in recent [...]
Central Banks Are Boosting Their Gold Reserves – Bloomberg
by Eddie Van Der Walt and Nicholas Larkin Excerpts from the full story.... (Bloomberg) -- Central banks purchased enough gold in 2014 to buy 75 Boeing Co. Dreamliners. Governments added 477.2 metric tons to their reserves, the second-biggest increase in 50 years and 17 percent more than a year earlier, the World Gold Council said in a report Thursday.... Central banks have added to gold[...]
Is Russia Planning a Gold-Based Currency?
February 6, 2015 Marcia Christoff-Kurapovna The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term. Yet, it is precisely such conditions that may push the country’s leadership into taking the radical step that will[...]
Two More Harbingers Of Financial Doom That Mirror The Crisis Of 2008
By Michael Snyder, on February 12th, 2015 The stock market continues to flirt with new record highs, but the signs that we could be on the precipice of the next major financial crisis continue to mount. A couple of days ago, I discussed the fact that the U.S. dollar is experiencing a tremendous surge in value just like it did in the months prior to the financial crisis of 2008. And previously, I [...]
Guess What Happened The Last Time The U.S. Dollar Skyrocketed In Value Like This?…
By Michael Snyder, on February 10th, 2015 Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time. That was in mid-2008 – just before the greatest financial crash since the Great Depression. A surging U.S. dollar also greatly contributed to the Latin American debt crisis of the early 1980s and the Asian[...]