Posted by seumasach on June 4, 2021
3rd June, 2021
Speaking later on Thursday, Kremlin spokesman Dmitry Peskov backed the decision, saying that “the de-dollarization process is constant. It is, in fact, now visible to the naked eye.” He added that the move away from financial dependence on Washington “is taking place not only in our country, but also in many countries around the world, which have begun to experience concerns about the reliability of the main reserve currency.”
Posted in Currency Wars | Tagged: dedollarisation, dollar decline, new global financial system | Leave a Comment »
Posted by seumasach on May 11, 2021
David P.Goldman
10th May, 2021
“Today the US Treasury market is the weak link in the financial system, supported only by the central bank’s monetization of debt. If the extreme fiscal profligacy of the Biden administration prompts private investors to exit the Treasury market, there will be no safe assets left in dollar financial markets.”
Posted in Financial crisis | Tagged: dollar decline, hyperinflation, quantitative easing, rising interest rates | Leave a Comment »
Posted by smeddum on October 7, 2009
Gold Trades Near Record, May Gain on Dollar Weakness, Inflation
By Kim Kyoungwha
Oct. 7 (Bloomberg) — Gold traded near a record after investors bought the metal to hedge against a declining dollar and pickup in inflation.
Bullion, which typically moves inversely to the U.S. currency, surged to an all-time high yesterday after Australia unexpectedly raised interest rates, hurting the dollar. The metal has risen 18 percent this year as governments boost spending to pull their economies out of recession, sparking speculation rising money supply will debase paper currencies. Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar decline, gold | Leave a Comment »
Posted by smeddum on August 28, 2009
08/27/2009 –
from Finotec
Sarkozy says the world can’t rely on just the Dollar and currencies
The political and economic reality of a multi-polar world will eventually have to be transmitted on the monetary level
French President Nicolas Sarkozy said currencies should be re-aligned to reflect changes in the world, suggesting that the dollar alone cannot remain dominant. “The political and economic reality of a multi-polar world will eventually have to be transmitted on the monetary level,” Sarkozy said today in a speech in Paris. “A multi-polar world can’t count on only one currency.” Though he did not mention the currency by name, Sarkozy’s remarks are among the first by a major Western leader to cast doubt on the role of the dollar. The world must change to limit “excessive and profoundly destabilizing exchange rate fluctuations,” Sarkozy said in a speech today in Paris. “France won’t accept that the euro alone takes the weight of the adjustment, as it has in the past.” The EUR/USD is currently trading at $1.4240 as of 9:00am, London Time. Read the rest of this entry »
Posted in Multipolar world | Tagged: dollar decline, euro, Sarkozy | 2 Comments »
Posted by smeddum on July 25, 2009
| By: Jim Willie CB, GoldenJackass.com |
Posted in Financial crisis | Tagged: dollar decline, Jim Willie | Leave a Comment »
Posted by seumasach on July 24, 2009
Robert Morley
21st July, 2009
What do China, India, Brazil, Russia, France and Germany have in common? These countries most often can’t agree on anything. But they are united in one strange—and ominous—way. They blame the United States for wrecking the global economy. And they think the dollar is the wrecking ball.
Posted in Financial crisis | Tagged: dollar collapse, dollar decline, financial collapse, global reserve currencies, Multipolar world, new financial architecture | Leave a Comment »
Posted by smeddum on July 21, 2009
Posted in Financial crisis | Tagged: dollar decline | Leave a Comment »
Posted by seumasach on July 12, 2009
Posted in Financial crisis | Tagged: debt bubbles, decoupling, dollar decline, farmland rush, Goldman Sachs | Leave a Comment »
Posted by smeddum on June 5, 2009
JUNE 5, 2009,
China Willing to Buy Up to $50 Billion in IMF Bonds
WSJ
By ANDREW BATSON
BEIJING – China said Friday it is willing to buy as much as $50 billion in bonds issued by the International Monetary Fund, part of a deal made by the world’s major economies earlier this year to boost the resources the global agency has to combat financial crises. Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Tagged: BRIC, China, dollar decline, IMF | Leave a Comment »
In These New Times 