Reserve Currency

Tyler Durden's picture

Where Is Neo When We Need Him?





In The Matrix in which Americans live, nothing is ever their fault. Nowhere in the Western media other than a few alternative media websites is there an ounce of integrity. The Western media is a Ministry of Truth that operates full-time in support of the artificial existence that Westerners live inside The Matrix where Westerners exist without thought. Considering their inaptitude and inaction, Western peoples might as well not exist. More is going to collapse on the brainwashed Western fools than mere stock values.

 
Tyler Durden's picture

"It's Still September" Ignore Fed Rate-Hike Warnings At Your Own Peril





Hold onto your bootstraps. Markets are setting themselves up for a surprise as the Fed is still likely to hike rates in September.  Today’s ‘risk-on’ move is a function of those expecting delay.  Rising levels of market volatility are here to stay and will be magnified by this ‘surprise’. Those ignoring the warnings of a rate hike by Fed officials do so at their own peril.

 
Tyler Durden's picture

Why It Really All Comes Down To The Death Of The Petrodollar





Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge causing the currency to immediately plunge by some 25%. The rationale behind the move was clear enough. What might not be as clear is how recent events in developing economy FX markets stem from a seismic shift we began discussing late last year - namely, the death of the petrodollar system which has served to underwrite decades of dollar dominance and was, until recently, a fixture of the post-war global economic order.

 
Tyler Durden's picture

Russell Napier Lays Out The Trigger For The Next Emerging Market Crisis





"I have learnt from history that it is very hard working out what the trigger is. In 2008, it was the collapse of Lehman Brothers that triggered a credit crunch. Now it could be a major event in Turkey or a default of the Brazilian oil company Petrobras or some event in Malaysia. But if I have to pick one I would say it is Turkey introducing capital controls. Such controls will mean that Turkey will not pay back principals amounting to 400 Bio. $ and the interests on it." - Russell Napier

 
Tyler Durden's picture

The Unlikely Rise Of Donald Trump And Bernie Sanders





The rise of populism is not just a U.S. issue. Globalization and deregulation, especially with regard to the open adoption of new technology and work structures, is increasingly being called into question. As we have discussed previously, there is increasing potential that major political and economic changes will emerge from this vote. The emergence of Donald Trump and Bernie Sanders is a reflection that the populists want a change in the direction of American policy. We will be watching closely to see whether any serious changes result.

 
Tyler Durden's picture

No SDR For You: IMF Tells China To Wait At Least One Year Until Reserve Basket Inclusion





If there was any confusion as to whether the recently devalued Chinese yuan would be landing in the IMF SDR basket on January 1, the Fund just cleared it up.

 
GoldCore's picture

"Focus On Value of Gold and Not Just the Price" - Newstalk Radio





Everyone seems to focus on gold's price while forgetting its value as a diversification.

 
Tyler Durden's picture

Travails Of Empire - Oil, Debt, Gold & The Imperial Dollar





"We are imperial, and we are in decline... People are losing confidence in the Empire."

 
Tyler Durden's picture

"Deal Or War": Is Doomed Dollar Really Behind Obama's Iran Warning?





"The US is digging itself in deeper and deeper,” warns Doug Casey, adding the telling question: “Then what’s going to happen?” President Obama’s grim warning of “deal or war” seems to provide an answer. Faced with economic implosion on an epic scale, the US may be counting on war as its other option.

 

 
Tyler Durden's picture

The Donald vs. China (Or The Fallacy Of Protectionism)





For reasons that will forever remain a mystery to us, mercantilism and protectionism actually hold enormous popular appeal. The best explanation we can come up with for this phenomenon is that the support for such policies is based on a mixture of economic ignorance and relentless propaganda by vested interests over the past, say, four centuries. Still, it is almost comical that people are so vociferously clamoring for policies that can actually cost them a fortune and will definitely lower their standard of living.

 
GoldCore's picture

China’s PBOC Buys 600,000 Ounces Of Gold In July - Annualised 225 Tonnes Per Year





China is preparing for a resumption of currency wars and an international monetary crisis, Obama and Kerry warn dollar may “Cease to be the reserve currency of the world”

 
Tyler Durden's picture

Is The Currency War Over? China Revalues Yuan 0.05% Stronger





Heading into the China session, offshore Yuan signaled a 1% devaluation was on the cards. Of course, all media eyes were focused on the disaster in Tianjin but after 3 days of what was supposed to a 'one-off' adjustment, The PBOC has in fact surprised with a modestly stronger fix at 6.3975 from yesterday's 6.4010 Fix. That leaves the CNY Fix devaluation to a 4.60% loss in 4 day. Of course, its a bit hypocritical of Americans or Europeans to regard the Chinese as mean and nasty and currency warriors because they're letting their currency adjust against a constantly-devaluing dollar and euro. The US has been devaluing the dollar for years, but that's a-ok for Western commentators, apparently. It appears - judging by the opening devaluation and closing intervention - that China is as set on crushing the herd of one-way carry traders as any export-enhancing currency debasement.

 
Tyler Durden's picture

What China's Devaluation Means For The Future Of The Dollar





All of this raises an interesting question about the future of the US dollar. Because if an economy as large and powerful as China’s has had to concede defeat, does this mean that “King Dollar” will rule forever? No chance.

 
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