Reserve Currency

The One Way Governments Could Actually Kill Bitcoin...

"Any attempt to get rid of Bitcoin would be about as successful as preventing people from smoking weed or pirating the latest Game of Thrones episode... But... Uncle Sam does have one weapon... one way they could potentially disrupt Bitcoin..."

The Donald Can't Stop It...

"...with each passing day, the bull market moves closer to the next bear market... That’s when SPY portfolios will vaporize as the herd attempts to panic out of the market at precisely the same moment...What’s more, when push comes to shove, The Donald can’t stop it."

A Failing Empire, Part 2: De-Dollarisation - China and Russia's Plan From Petroyuan To Gold

"De-dollarization for Beijing, Moscow and Tehran has become a strategic priority. Eliminating the unlimited spending capacity of the Fed and the American economy means limiting US imperialist expansion and diminishing global destabilization. Without the usual US military power to strengthen and impose the use of US dollars, China, Russia and Iran have paved the way for important shifts in the global order."

Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan

Maduro met with Putin today, and proposed an alternative currency basket, one which is based not on the world's reserve currency but rather the yuan and ruble. "Developing a new mechanism of controlling the oil market is necessary," Maduro said at the Russian Energy Forum.

Kevin Warsh Fed Chair Odds Soar After WSJ Report Of Trump Meeting

Kevin Warsh's PredictIt odds to be the next Fed chair soared moments ago after the WSJ reported that President Trump and Treasury Secretary Steven Mnuchin met with the former Fed governor on Thursday to discuss his potential nomination as the next Federal Reserve chairman.

Rickards Warns "Cracks In The Dollar Are Getting Larger"

"The 1920s and 1930s witnessed a long, slow decline in sterling as it devalued against gold in 1931, and devalued again against the dollar in 1936... The dollar is losing its leading reserve currency status now, but there’s no single announcement or crucial event, just a long, slow process of marginalization."