Reserve Currency

The Petrodollar Is Under Attack: Here's What You Need To Know

"The evidence continues to show that the USDollar is slowly being eroded... and that as these adversarial countries make these developments in unison, there appears to be little the US can do without risking an all-out world war..."

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident nongovernment sector have increased rapidly. The increases have often been above the rate of income growth."

Trump's China-Sanctions Madness Imperils The Dollar

"If the US wants to really continue with this sanctions game, it need also be prepared to face the reality that its not 1989, and that the world may not be willing to treat dollars and US sanctions in the way the US expects it to. The likely response will only be the latest evidence that the US 'unipolar moment' is over. "

Back To Rehab Or Continue Chasing The Dragon

"Like a drug addict chasing the proverbial dragon, the world’s central bankers are faced with the painful choice of rehab to break the grip of easy money or an on-going downward spiral toward economic demise."

The World Is Creeping Toward De-Dollarization

"The process of moving away from the dollar - prepared by Europe and triggered by China and Russia - can no longer be stopped... And as a 'supra-national' reserve asset, gold plays an important role in it."

"Starts With A Whimper, Ends With A Bang": Trader Previews Fed's Balance Sheet Reduction

"The whole set-up is reminiscent of the 2000 millennium bug anxieties. For all the dire warnings of IT Armageddon, the change came and went without much fuss, but the dot-com bubble that we all knew had become massively overblown did eventually pop. And the fact that it burst later rather than on cue made the collapse all the more spectacular."