Tag Archives: dollar

The Coming SDR Gold Standard

JC Collins at the Philosophy of Metrics lays out how gold will likely be included in the newest incarnation of the IMF’s Special Drawing Rights Reserve Currency.

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Ireland’s Minister of Finance Ditches His Stocks for Gold

The Irish newspaper The Independent reported yesterday that Michael Noonan, Ireland’s Minster of Finance has given the finger to his European stocks to invest in gold. Members of the Irish legislature, the Oireachtas, are required to annually declare any investments they hold … Continue reading

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Currency Wars Intensify; China Declares Renminbi the “New World Currency”

Day by day, the currency wars continue to heat up. With the European Central Bank’s Quantitative Easing program now underway and the end of the euro in sight, many other countries around the world have joined the race to the … Continue reading

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Ukraine’s Currency Hit by Hyperinflation, Rationing Underway

Ukraine’s currency, the hryvnia, plunged overnight leaving citizens scrambling to stockpile food, electronics, and whatever else they could this morning in a desperate effort to purchase something tangible with their rapidly declining currency. The currency has fallen by more than 70 percent … Continue reading

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Another Domino: Denmark’s Krone is Collapsing

Each day more pressure builds to end the euro. The Danish Krone is crumbling this morning after a statement made yesterday by the head of Denmark’s Economic Council, Hans Jorgen Whitta-Jacobsen. He said that the country would use “capital controls” if necessary … Continue reading

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Is the Stage Being Set for World War 3?

Throughout history there has always been a war going on somewhere, so it is nothing new that right now there are many pockets of the world currently embroiled in violence and unrest. But it is when grander dialogues emerge that … Continue reading

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Head of China’s Central Bank Says Some Countries Already Using Yuan as Reserve Currency

Zhou Xiaochuan,  the governor of the Central Bank of China revealed in an interview with Bloomberg this week that the yuan is already being used as a reserve currency by some countries, though they “may not be willing to say so.” … Continue reading

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