Buckle up for Currency Wars

The likelihood of serious geopolitical conflict is increasing, current levels of debt across the developed world are unsustainable, and the real probability of currency wars to retain perceived global share may well and truly pop several chains of imploding bubbles. Buckle up Russia has been home to many prophets, seers, healers and mystics such as … Continue reading Buckle up for Currency Wars

Advertisements

Russia, China Lay Groundwork for BRICS Transactions in Gold

Trading in local currencies has already started — and lays the groundwork for facilitating BRICS transactions in gold Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold. As we reported last week, Moscow and Beijing took another step towards … Continue reading Russia, China Lay Groundwork for BRICS Transactions in Gold

Yuan Clearing Bank Opens in Moscow as Russia, China Dump Dollar in Bilateral Trade

Moscow and Beijing took another step towards de-dollarization with the announcement of the opening of a renminbi clearing bank in Russia on Wednesday. Local currency transactions were first used in both countries' border regions. Today, more and more Chinese and Russian financial institutes and enterprises are using local currencies to invest and settle accounts, as the yuan-ruble trade platform is … Continue reading Yuan Clearing Bank Opens in Moscow as Russia, China Dump Dollar in Bilateral Trade

Cash No Longer King: Europe Moves to Begin Elimination of Paper Money

In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years. The financial uncertainty … Continue reading Cash No Longer King: Europe Moves to Begin Elimination of Paper Money

Gold Confiscation: History, Myths, and Real Solutions

One concern of retail precious metals investors is the possibility of a gold confiscation. Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis—only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a … Continue reading Gold Confiscation: History, Myths, and Real Solutions

Iran Just Officially Ditched the Dollar in Major Blow to US: Here’s Why It Matters

Following President Donald Trump’s ban on travelers from seven predominantly Muslim countries, the Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” the local Financial Tribune reported. Iran governor Valiollah Seif’s central bank announced the decision in a television interview on January 29. … Continue reading Iran Just Officially Ditched the Dollar in Major Blow to US: Here’s Why It Matters

They are Coming for Your Cash! Currency Bans are Sweeping the Globe

The war on cash is a war on your freedom, and its beginning to happen everywhere. If Governments around the world are able to ‘trash cash’ they will be able to monitor and predict your every move just like Amazon predicts your next purchase. Greedy Governments continue to tell us a cash ban is needed … Continue reading They are Coming for Your Cash! Currency Bans are Sweeping the Globe

Cash is No Longer King: Currency Wars, The Phasing Out of Physical Money has Begun

As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks. The war on cash isn’t going to be waged overnight, … Continue reading Cash is No Longer King: Currency Wars, The Phasing Out of Physical Money has Begun