Peter Schiff: The Data Looks Grim For The Dollar

Via SchiffGold.com, Peter’s back in Puerto Rico this week for his podcast after another week of record gold prices. In this episode, he discusses media coverage of inflation, this week’s CPI report, and Bitcoin’s weakening price relative to gold. Peter starts by recapping this week’s price action and movements in the dollar’s strength. The dollar …

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Dollar stores are shutting down across America

Bidenomics! Dollar stores are shutting down across America In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go completely out of business.https://t.co/01dUlANEgs pic.twitter.com/vRP7ENulzM — Tony Seruga (@TonySeruga) April 13, 2024 Family Dollar announced the closure of nearly 1,000 stores, while 99 Cents Only declared bankruptcy and plans to …

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Chinese renminbi replacing the U.S. dollar as most traded currency in Russia’s foreign exchange market

via naturalnews The Central Bank of Russia has just released a financial risk review noting how trading in the Chinese renminbi reached a historic high in March. This surge in yuan usage comes as part of Russia’s ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European …

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China defends yuan amid dollar pressure; Chinese silver hits limit up; Property downturn escalates, raising state banks’ bad loan ratios.

China Maintains Yuan Defense After Currency Nears Red Line (Bloomberg) — China stuck to a pattern of keeping yuan weakness contained as pressure from a resilient dollar and poor investor sentiment pushes it toward a policy red line. The People’s Bank of China kept its daily reference rate for the managed currency broadly unchanged, implying …

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Fear The Talking Fed! How The Fed And Federal Government Destroyed The US Dollar (Purchasing Power DOWN -32% Since The Subprime Crisis While M2 Money Has Grown By 177%)

by confoundedinterest17 We are living in the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation. Former Kansas City Fed President Thomas M. Hoenig was absolutely right when he said recently that The Federal Reserve panders to Wall Street, Congress and special interest groups, prioritizing immediate relief over …

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It Begins… Even Dollar Stores Close Over Theft

Dollar tree will now close 1000 stores nationwide, but nobody’s talking about how even if Dollar Tree’s stores remain open, they’ll be unrecognizable to their customers because dollar stores / discount stores are fighting a losing battle in the war against shoplifting.

Looks like everyone’s jumping on the dollar bandwagon again!

"A gauge of non-commercial trader positions — a group that includes asset managers as well as hedge funds and other speculative market players — is now the most long since 2022."@Ruth_Liew10 @AnyaAndrianovaV pic.twitter.com/sZAq69T324 — Daily Chartbook (@dailychartbook) April 5, 2024 This so famous End of the Dollar must be really imminent pic.twitter.com/cHm1JtFzmy — Michael A. …

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Ripple launches U.S. dollar stablecoin.

Blockchain firm Ripple said it’s launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market. The move will pit Ripple against stablecoin giants Tether, which is behind the largest stablecoin UDST, and Circle, the issuer of USDC. Ripple is first launching its stablecoin in the U.S., but didn’t rule out offering …

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As central banks stockpile gold, the dollar hits record lows. The stage seems set for a familiar narrative.

The economic downturn of the early 1930s led to a global debt crisis, which led to endless money printing, leading to global currency devaluations, which ultimately led to World War II. Read some history. — Gold Telegraph ⚡ (@GoldTelegraph_) December 7, 2021 The U.S. Deputy Treasury Secretary recently said that the strength of the U.S. …

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Dollar Down 20% Since 2020, Biden Blames Greed

Via SchiffGold.com, Assuming CPI measurements are not understatements, the dollar’s value has plummeted by a staggering one-fifth since 2020, yet, rather than acknowledging its role in fueling this economic turmoil, the Biden administration deflects, casting capitalism and corporate greed as the villains. The latest February CPI data show more signs of the upcoming inflation bloodbath. The following article was originally published …

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Dollar Tree will increase maximum price of items in stores to $7

A dollar won’t go quite as far at Dollar Tree these days. The maximum price of items in its stores will increase to $7 this year. The retailer’s CEO, Rick Dreiling, announced the change during an earnings call earlier this month. He said the increase is due to a wealthier customer base. https://abc7.com/dollar-tree-will-increase-maximum-price-of-items-in-stores-to-7/14574177/

Pork Barrell Chuck And Gaslight Joe! $60 Million For Ukraine, $0 For US Border Disaster (Purchasing Power Of Dollar Down -16% Under Biden)

by confoundedinterest17 Its Pork Barrell Chuck Schumer and Gaslight Joe Biden! Always ready to lie (gaslight) and spend trillions that we don’t have. A new $1.2 trillion government spending package Congress is trying to ram through faces significant headwinds in the House, where members are expected to vote on it later this morning. The 1,012-page bill was …

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I wonder why insider dollar selling in the US financial sector is at two-year highs?

#JustDarioDaily 🚨MORGAN STANLEY – BIG BALANCE SHEET LOSSES HIDDEN BEHIND EXOTIC DERIVATIVES CURTAINS (AGAIN)? 😳🚨 When you've spent enough time trading inside a bank and watching markets for hours a day sometimes you're able to spot if something suddenly starts behaving… https://t.co/u0OcVSS8Jq pic.twitter.com/XT4nAo6R37 — JustDario 🏊‍♂️ (@DarioCpx) March 7, 2024 Why is the largest bank …

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Billionaires admire million dollar watch in country with average yearly wage below 400 bucks

Mark Zuckerberg and his wife Priscilla Chan were seen admiring Anant Ambani’s $1 million watch during at lavish pre-wedding party branded ‘enchanting’ by fellow attendee Ivanka Trump – just yards away from some of India’s poorest slums. The couple were left in awe over the luxury Richard Mille timepiece sported by Indian billionaire Ambani, 28, …

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Why Banks Want the System to Crash, Dollar to Plummet and For You to be Desperate : Jekyll Author

Are banks deliberately engineering financial crises? Is the Federal Reserve part of a scheme to erode your wealth? Dive into these questions with G. Edward Griffin, the author of “The Creature from Jekyll Island,” in a must-watch interview with Daniela Cambone. Griffin reveals the shocking truth about how crises benefit the elite, the hidden agenda …

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Politically motivated verdict harms New York City’s reputation.

In a recent verdict, New York City has found President Trump guilty of fraudulent business practices, claiming that he and his family have “defrauded” customers and have been involved in shady dealings. However, according to legal analysts and experts, there is no evidence to support these claims. In fact, Jonathan Turley, a law professor at …

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Check what’s inside the Senate’s $95 billion foreign aid boondoggle. We are borrowing every dollar, and giving it away for free. $9 Billion (of your money) for civilians in Gaza and Ukraine.

The updated $95 billion supplemental bill without the border provisions captured the necessary 60 votes needed The package includes $61 billion for Ukraine, $14 billion for Israel in its war against Hamas and $4.83 billion to support partners in the Indo-Pacific It also also provides $9.15 billion in humanitarian assistance to civilians in Gaza and …

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Putin: ‘To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes made by the U.S political leadership’

Putin: “To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes made by the U.S political leadership” “It is a stupid mistake” “Does anyone in the United States realize this? “What are you doing?” “You are cutting yourself off” “Even the United States allies are now downsizing …

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Iraq bans several commercial banks from US dollar dealings

The Central Bank of Iraq (CBI) banned eight local banks from making US dollar transactions on 4 February, in an attempt to avoid sanctions and US financial restrictions. A CBI document lists the banned banks as Ahsur International Bank for Investment, Investment Bank of Iraq, Union Bank of Iraq, Kurdistan International Islamic Bank for Investment …

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BREAKING: $100 Million Dollar U.S. MQ-9 Reaper Shot Down Near Baghdad!

“Iraqi Restistence” is claiming to have shot down an MQ-9 Reaper UAV near Baghdad a couple of hours ago. https://twitter.com/_/status/1748052848913346601 🇮🇶🇺🇸🚨‼️ BREAKING: The Iraqi Resistance shot down a US MQ-9 Reaper Drone near Baghdad. -> Situation heats up everywhere. 1/ pic.twitter.com/gMZ4Ytxo2k — Lord Bebo (@MyLordBebo) January 18, 2024 There are reports that #IRGCterrorists or their …

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Morgan Stanley downgrades outlook on US dollar to neutral.

Morgan Stanley has downgraded its outlook for the US dollar citing declining Treasury yields after the US Federal Reserve signaled interest rate cuts in 2024. The bank cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported. …

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