In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘dollar collapse’

China starts to make a power move against the U.S. dollar

Posted by seumasach on February 21, 2014

This looks like a good moment to curb CIA activities in Ukraine and Venezuela

Investment Watch

20th February, 2014

In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates.  Of course the number one foreign nation that we depend on to participate in our system is China.  China accounts for more global tradethan anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars.  This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost.  As a major exporting nation, China ends up with gigantic piles of our dollars.  They lend many of those dollars back to us at ridiculously low interest rates.  At this point, China owns more of our national debt than any other country does.  But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly.  Demand for the U.S. dollar would fall and prices would go up.  And interest rates on our debt and everything else in our financial system would go up to crippling levels.  So it is absolutely critical to our financial future that China continues to play our game.
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Venezuela: raid on Leopoldo López’s headquarters as Maduro cracks down

Posted by seumasach on February 18, 2014

The great about quantitative easing is that at the same time as providing an ongoing bailout of Wall Street it releases speculative funds to drive up food prices globally. This enables further US-backed destabilization campaigns, led by “activists” and cheer-led by the Guardian newspaper,  directed against the worlds “regimes”. But these dollars are now coming home to roost with the promise of hyper-inflation in the homeland. How will our “regimes” respond?

Guardian

18th February, 2014

A crowd of anti-government activists wrested free an opposition politician as he was being hauled away in handcuffs by security forces following a raid on the party headquarters of Leopoldo López, President Nicolas Maduro’s biggest foe.

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2014, resumption of the of the global systemic crisis’ « normal » path

Posted by seumasach on February 17, 2014

LEAP 2020

16th February, 2014

The avalanche of liquidity from the Fed’s quantitative easing in 2013, allowed the world before’s tenets to wake up: indebtedness, bubbles, globalization, financialization… But all it took was a slight slowing down in the astronomical amounts injected by the US central bank every month for the rampant crisis, buried under these piles of liquidity, to reassert itself. As anticipated, the method of “resolving” the crisis by accentuating the excesses that caused it is ineffective, causing a crisis squared instead. All the same one can find an actual benefit: time is gained which everyone uses to their best advantage.

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US Fed Chair Janet Yellen reassures Wall Street

Posted by seumasach on February 13, 2014

The Federal Reserve had been purchasing $85 billion in Treasury and mortgage-backed securities per month, but it announced that it would reduce its monthly pace of purchases to $75 billion in January and to $65 billion in February. In her testimony, Yellen reaffirmed that another reduction in the pace of asset purchases is likely to be announced at the next policy meeting in March.

Yellen cannot continue a zero-interest rate policy and continue tapering QE. QE, the systematic devaluation of the dollar, still the world’s reserve currency, has led to rising prices globally and threatens to provoke a global revolt against US finical hegemony. That is why the Fed is tapering and why interest rates will rise at some point in the none too distant future.

US Fed Chair Janet Yellen reassures Wall Street on easy money policy

Andre Damon(WSWS)

RINF

US Federal Reserve Chair Janet Yellen reassured Wall Street in her first congressional testimony Tuesday that the Fed would continue its zero-interest-rate policies into the indefinite future.

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Jim Willie-US $ implosion and petrodollar demise in 2014

Posted by seumasach on February 8, 2014

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Why is the Federal Reserve tapering the gold market?

Posted by seumasach on January 31, 2014

“In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?”

Paul Craig Roberts

RINF

30th January, 2014

In former times, the rise in the gold price was held down by central banks selling gold or leasing gold to bullion dealers who sold the gold. The supply added in this way to the market absorbed some of the demand, thus holding down the rise in the gold price.

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Jim Willie on GCR(Global Currency Reset)

Posted by seumasach on November 30, 2013

Posted in Financial crisis | Tagged: , , , , | 1 Comment »

PBOC says no longer in China’s interest to increase reserves

Posted by seumasach on November 24, 2013

Bloomberg

21st November, 2013

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.

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Paul Craig Roberts-Fed trapped by money printing

Posted by seumasach on November 5, 2013

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Chinese gain in US-Saudi slump

Posted by seumasach on October 28, 2013

“The House of Saud also knows very well it is the solid anchor that keeps OPEC tied to the petrodollar system. Without Saudi Arabia the petrodollar is history.”

euronews

23rd October, 2013

Upset at president Barack Obama’s policies on Iran and Syria, members of Saudi Arabia’s ruling family are threatening a rift with the US that could take the alliance between Washington and the kingdom to its lowest point in years.

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Flash trading hits US treasury bonds

Posted by seumasach on September 29, 2013

Jim Willie

Goldseek

25th September, 2013

The USTreasury Bond market breakdown is in progress, all part of the general USDollar global rejection that is taking the world by storm. Of course, residents inside the US Dome do not notice, since they only perceive it as the native currency. From conversations with common folk, discussions with investor types, and general observations for over 20 years, the Jackass belief is that only 5% to 10% of Americans are aware that the USDollar serves as a global financial instrument in contracts, the basis for trade settlement (mostly crude oil), with some extremely important consequences. A major development has begun, much like a metabolic life support system in concert with the Interest Rate Swap derivative contract. For two years or more, the USTreasury Bond market has been deeply dependent upon artificial demand derived from the derivatives. Entire bond rallies have been fabricated with 50:1 leverage, fully supported by the financial network propaganda. Without derivative flying buttress support, the giant USTBond Tower would have collapsed a couple of years ago. Now a new support system has been begun, a dangerous musical chairs long entrenched in the stock market. It has entered the bond market finally. Flash Trading!!

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