The Dodd-Frank Act (officially denoted the “Dodd–Frank Wall Street Reform and Consumer Protection Act”) has officially put a bullet in the head of traders using the Forex market to trade precious metals. In what feels like a Twilight Zone episode called “Is This America?,” the politicos have effectively removed one more tool of the American [...]
It should be no surprise to anyone following the decline of the U.S. Dollar, but China and Russia have made an agreement to trade with each other without using the dollar. Here’s the story: China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier [...]
If you want to understand the present Currency War taking place, which is a “race to the bottom” for nations who want their own currency to be devalued, you need to spend ten minutes reading the following three essential articles: Currency Battle Could Start Hurting Corporate Earnings Currency War? Why Countries Are Rushing to Devalue [...]
The old saying that you should be careful what you ask for–you just might get it–applies in spades to Helecopter Bernanke’s pressure on China let the Yuan appreciate vs. the Dollar. Washington, D.C. has been throwing its weight around in diplomatic circles, trying to cajole China into “playing fair” and letting their currency float subject [...]
This is a great short interview of Jim Rogers, legendary Wall St. guy. In it, he shares his contempt for Washington, D.C. hacks along with his view that world governments are headed down exactly the wrong path with their currency strategies. In his view, they are printing money to solve difficult problems, but they are [...]