Tag Archives: ruble

Global De-Dollarization Continues as China Readies SWIFT Alternative

Reuters is reporting today that China’s International Payment System or CIPS is ready for use and could be launched as soon as September or October of this year. The system will be utilized as an alternative to the SWIFT payment system (Society … 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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January 2015 was the Best Month for Gold in 3 Years

Last month, several economic and geopolitical factors drove more investors to buy gold as a safe haven asset, leading to its biggest monthly gain in over three years. Here’s what happened: Uncertainty in Europe Switzerland de-pegged their currency from the … Continue reading

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