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 [...]
What might not be obvious to all casual observers of the currency market is that the currency wars everyone has been talking about in the press are wars between nations to have lower currency values, not higher ones. The reason is obviously to increase demand for each country’s goods and services. If the USD is [...]
It’s happening. It’s not comforting knowing that an ideology I despise as an enemy of individual liberty is having a field day with the declining dollar, but it’s true. The dollar faces collapse, and that’s exactly what George Soros and his socialist cohorts want. China premier warns of potential dollar collapse In a public statement [...]
I’m tiring of reading all the professional Wall Street analyst types frame the outlook for the USD in terms of risk appetite. That’s the old paradigm. We’re in a new economy that is being “fundamentally transformed,” and the same old assumptions don’t apply. That’s why many pros are having to admit that they are confused [...]