Tag: reserve currency

Safe Havens Since The Great Financial Crisis

Safe Havens Since The Great Financial Crisis

With the distortion created by central planners it is unlikely that a long term rise in any asset is able to hold. The global currency war will undoubtedly result in cracks in the monetary system and in several currencies in particular. Do not exclude the landscape to change with a political decision; in a matter of seconds the world could look different. In the same respect, the probability of a monetary event shocking the landscape of currencies is very high. In case gold is remonetized with the aim to alleviate the world’s debt burden, a sudden spike in the price of gold could realistically be expected.

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Jim Rickards: Our Monetary System Is Instable and It Will Collapse

Jim Rickards: Our Monetary System Is Instable and It Will Collapse

What matters is the instability of the system. What you need to study is the instability of the system. If you get that right, you will be able to see the collapse coming. The trigger is really irrelevant. A trigger could be the failure of a firm, the failure of an exchange, some kind of panic, a natural disaster, suicide of a prominent person. It really doesn’t matter what it is; what matters is your system is instable and it is going to collapse.

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China Must Be Very Concerned About The US Dollar

China Must Be Very Concerned About The US Dollar

China is buying gold to hedge against the dollar’s loss of value, they are not necessarily buying gold to introduce a new gold standard and impose it as a world reserve currency. From that perspective, the Chinese must be very concerned about the dollar.

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Peter Schiff: The Collapse Of The Dollar Is Unavoidable

| October 22, 2013 | Category: Economy
Peter Schiff: The Collapse Of The Dollar Is Unavoidable

In a Q&A with GoldSilverWorlds, Peter Schiff, explained why the mother of all collapses is still in front of us and shared his top tips on how to protect financially. Looking at the course of the economy and the markets, Schiff sees a confirmation of the outlook he presented in his books. The collapse of the dollar is unavoidable and will be the worst of all crises.

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A New Chapter In Currency Wars – Russia Joins The Game

| May 14, 2013 | Articles: General
A New Chapter In Currency Wars – Russia Joins The Game

The latest participant in the game is Russia. Not coincidentally is it the next country in the BRICS complex, one that was hit particularly because of the measures in Cyprus. The message from the BRICS appears to be very clear: the urgent dismantle of the dollar system.

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Gold Closer To Become Officially Money … Again

| January 13, 2013 | Articles: General

A new paper published by the Official Monetary and Financial Institutions Forum describes the gold is ready to become officially part of the monetary system … again. In order to stabilize the world monetary system, in the light of a deteriorating global currency war and the lack of a real alternative world reserve currency, gold is the only alternative currency that is ready to take on a leading role. One thing is for sure, it is the ONLY time tested currency as ALL paper based money systems have failed in history. Although the Renminbi is a candidate to play an leading role in the future, it is not ready to take up that role yet. Gold was money and gold continues to be money, although we temporarily somehow “forgot” in it in the West.

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Why Not Gold Instead Of The US Dollar, Says Turkish Prime Minister

| November 13, 2012 | Articles: General

The international pressure on the usage of the US dollar as a world reserve currency is increasing. Turkish Prime Minister Erdoğan openly asked why the International Monetary Fund is not using gold as its reserves instead of the dollar. It’s becoming increasingly clear that the dollar isn’t necessarily a blessing but rather an issue for some countries. These are some highlights from what Erdoğan publicly said (source: Sabah.com.tr) Expressing that he doesn’t feel it is right for the IMF to act according to one nation’s currency, Erdoğan states, “The IMF extends aid on a who, where, how and on what conditions bases. For example, if the IMF is under the influence of […]

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