Reserve Currency

Could Central Banks Dump Gold In Favor Of Bitcoin?

"The acquisition of decentralized cryptocurrencies as reserves may sound crazy now, but as central banks destroy the purchasing power of their fiat currencies, all sorts of ideas that seem crazy now will start looking practical once the death spiral of the current unstable monetary regime begins."

Michael Hudson: America's Monetary Imperialism

"...the conflict between creditors and democracy, between oligarchy and economic growth (and indeed, survival) will remain the defining issue of our epoch over the next generation..."

All The Old World Systems Are Being Deliberately Torn Down

"America has enjoyed another period of relative calm and most citizens have grown rather used to the idea that this calm is somehow the norm. However, it is becoming ever more clear that another shock to the system is coming, this time through domestic AND international events, and some of the old world structures we are used to seeing may not exist afterwards."

The Cardinal Sin Of International Finance

"...the prime directive of any organism - whether it’s an amoeba or a person or a corporation or a government - is to survive... That’s why the US government protects the petrodollar so zealously. It needs the system to survive..."

What President Trump & The West Can Learn From China

Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China.