Reserve Currency

Why Don't The Dollar And Bitcoin Drop To Their Tangible Value (Zero)?

If we refuse to recognize the high utility value of USD and its global ease of flow, then we will continue to misunderstand the demand for the dollar and its appreciation. Bitcoin is quite different from the USD but it, too, has unique characteristics that drive its demand and thus its valuation.

Geopolitics, Globalization, And World Order: Part 1

Big and significant nations like Russia, India, China and Iran are virtually impossible to control militarily, leaving only the financial option available. In this sense, the role of central banks and the de-dollarization process are a core strategic interest for these countries as a way of maintaining their full sovereignty. In going in this direction, they deliver a dramatic blow to US aspirations for a global empire.

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

Federal Reserve Initiates End Game As Trump Heads To White House

The election of Donald Trump was inevitable and would precede the triggering of the final stage of our ongoing economic crisis. The Fed’s timing of their latest rate hike is highly strategic, not only setting the stage for a series of hikes that will crush U.S. stock markets this coming year and finally shock the public out of their fiscal stupor, but it also maneuvers the crisis right into the lap of Donald Trump and the conservative movements that support him.

Brandon Smith Warns The System Is Crashing: "Prepare For Bank Confiscations, Shortages, Insurgency"

"Whatever’s going to happen is going to happen between now and early 2018, because that’s their window of time to create enough chaos and desperation in order to convince people, to rationalize the idea of switching to a global currency system. After that, I would expect there would be a process of acclimating the public to this new system, and I would expect that a lot of countries would be in third world conditions for a while after that."

Trump About To Preside Over New Global Financial Crisis: "Not His Fault, Merely His Misfortune"

"A new global financial panic will be one legacy of the Trump administration. It won’t be Trump’s fault, merely his misfortune... Since 2008, the largest banks in the world are larger in terms of gross assets, share of total deposits, and notional value of derivatives. Everything that was too-big-to-fail in 2008 is bigger and exponentially more dangerous today."