Posts Tagged ‘Dollar’
“Have Fun Staying Poor” – Bitcoin Standard’s Ammous Warns “The Dollar Is Over… The Fiat Bargain Broke Down”
“For me, the dollar is over. The Fiat bargain broke down… …Show me what you’ve done with your portfolio with your bonds with your stocks over the last five years and how has it outperformed Bitcoin. Have fun staying poor.” In this excellent discussion, renowned economist Saifedean Ammous, explains the superiority of Bitcoin over fiat…
Banks in Trouble: The 25 Largest U.S. Banks Are Seeing the Largest Fall in Deposits in 38 Years With No Signs of Letting Up
BanksterCrime: By Pam Martens and Russ Martens: August 7, 2023 ~ Deposits at the 25-largest domestically-chartered U.S. commercial banks peaked at $11.680 trillion on April 13, 2022, according to the updated H.8 data maintained at the Federal Reserve Economic Database (FRED). As of the most current H.8 data for the week ending on Wednesday, July 26,…
Another FDIC-Insured Bank Is Teetering, Closing at 27-1/2 Cents Yesterday, Down 96 Percent in a Year
BanksterCrime: By Pam Martens and Russ Martens: September 14, 2023 ~ There may be a lesson here: don’t put the word “Republic” in the name of your bank; don’t hold a lot of uninsured deposits; and don’t have wads of unrealized losses on your investment securities. If those lessons sound familiar, it’s because they played out in…
The Federal Reserve Is Just Trying to Play the Blame Game and Pass the Buck Onto Other Entities, so When the Crap Hits the Fan They Can Say, ‘We Told You So, in It’s the Fine Print, the Devil Is in the Details, It’s Not Our Fault You Know.’
BanksterCrime: “This problem seems likely, given the way Congress has behaved in recent years,” the Feds added. The Federal Reserve is warning that the United States faces a “dollar inflation uncertainty nightmare,” or hyperinflation in other words. It is no secret that the U.S. dollar’s purchasing power has vastly been diminished annually. To put things…
Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters–Trouble Times Ahead For American’s
BanksterCrime: The American rating agency Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ may embolden proponents of a BRICS currency, Riley Adams, a personal finance expert, has said. Adams however argues that there are certain “geopolitical issues” that must be overcome first before the BRICS currency becomes a reality. Debt…
Gold Is the Most Trusted Currency in the World and Has Been for Over 2,500 Years. However, With the Advent of Bitcoin, There Is Now a New Alternative to Dollars
by Tyler Durden Friday, Jun 30, 2023 – 04:40 PM Authored by Nick Giambruno via InternationalMan.com, International Man: For over 2,500 years, gold has been mankind’s most enduring money. However, with the emergence of Bitcoin there is a new hard money option. How do you see the two as governments worldwide continue to engage in rampant…
De-Dollarization Trend Remains Intact
Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF). While the dollar share of global reserves increased in the first quarter of 2020, it fell sharply in Q2, resuming a more than two-year trend downward. The share of euros making up global reserves rose slightly and the share of yen…
Russia-China “DE dollarization” Reaches “Breakthrough Moment” As Countries Ditch Greenback For Bilateral Trade
Late last year, data released by the PBOC and the Russian Central Bank shone a light on a disturbing – at least, for the US – trend: As the Trump Administration ratcheted up sanctions pressure on Russia and China, both countries and their central banks have substantially “diversified” their foreign-currency reserves, dumping dollars and buying…
The End Of The Dollar As We Know It?
These same money changers were associated with others who engaged in shady business practices in the temple courts. Some sold sacrificial animals, overcharging people who did not bring their own. Others were in charge of examining the animals to be sacrificed, and it was a simple matter to declare an animal “unapproved” and force the worshiper…
JPMORGAN: WE BELIEVE THE DOLLAR COULD LOSE ITS STATUS AS WORLD’S RESERVE CURRENCY
These same money changers were associated with others who engaged in shady business practices in the temple courts. Some sold sacrificial animals, overcharging people who did not bring their own. Others were in charge of examining the animals to be sacrificed, and it was a simple matter to declare an animal “unapproved” and force the worshiper…