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Tag: US Dollar

6 Major Flaws in the Fed’s Economic Model – James Rickards

The U.S. dollar is the dominant global reserve currency. All markets, including stocks, bonds, commodities, and foreign exchange are affected by the value of the dollar. The value of the dollar, in effect, its “price” is determined by interest rates. When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market in the world. The Fed may have [...]

US Rules Make Gold the New Green – Financial Times

By John Dizard Financial Times, London Friday, July 11, 2014 Pecunia non olet. (Money has no smell.) — Emperor Vespasian (69-79) to his son, Titus, when Titus protested a tax on urine. * * * There is a fresh wind behind the dollar price of gold, which is also increasing the reported and unreported volumes of physical trading in the metal. Thanks to what one (non-banker) friend of mine[...]

Richard Russell – Meltdown In The U.S. Dollar & Oil To Hit $150

At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned about a possible meltdown in the U.S. dollar and also said that oil is headed to $150. If the 60-year market veteran’s worst fear is realized, it will absolutely devastate an already crumbling middle class in the US. Russell: “My single biggest worry is the US dollar. It's now clear that Russia and China are [...]

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