Tag Archives: usd

Russia starts dumping US treasuries, China follows suit

China Russia president shots

Back in December, Socgen spread a rumor that Russia has begun selling its gold. Subsequent IMF data showed that not only was this not correct, Russia in fact added to its gold holdings. But there was one thing it was selling: some $22 billion in US Treasuries, a record 20% of its total holdings, bringing ...

Read More »

Negative interest rates are coming to America

Obama Bernanke Yellen

American savers have had it hard enough, earning next to nothing on bank deposits and money market funds. But could it get worse, with banks here charging depositors interest to hold their money and high-quality bonds yielding nothing at all? It might seem a curious question, given broad expectations for ...

Read More »

Petrodollar exports negative in 2014, first time in 18 years

Petrodollar

Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar‘s reserve currency status. The Petrodollar, or the world ...

Read More »

Russia could ditch US dollar in 2-3 years

Andrey Kostin Russia

Two to three years would be enough time for Russia to switch to international settlements to the ruble, Andrey Kostin, head of Russia’s second-biggest bank VTB, said. “Two to three years is enough, not only to launch [settlements in rubles], but also to complete these mechanisms. But much will depend ...

Read More »

Russia admits it’s dumping USD and Euro for gold

Russia USD Euro Gold

Editor’s note: this article is sourced from RT so it’s straight from the Kremlin’s mouth  A message to other nations to follow suit perhaps? Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and ...

Read More »

Russia and China planning to dump the US dollar

Chinese Yuan

The Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. “The draft document between the Central Bank of Russia and the People’s Bank of China on ...

Read More »

US military protecting international banking cartel

Bank of America

“My assessment is that 90% of the value of the US dollar comes from the US military.” — Former Assistant Housing Secretary Catherine Austin Fitts For decades, America has used its armed strength to enforce the use of the dollar as the world’s reserve currency, effectively making the US military ...

Read More »

Federal Reserve: 100 years of US dollar manipulation

US federal reserve building

Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System – the Central Bank of the United States of America. The mainstream media are keeping remarkably quiet about this key milestone. No doubt, they know only too well that growing millions of workers inside and ...

Read More »