A hub for independent voices and hard truths
“The larger the US balance of payments deficit is, the more it spends militarily and politically around the world, the more foreign central banks end up financing the domestic budget deficit so that the US Treasury doesn’t have to borrow …
That Mercedes in the dollar-store parking lot isn’t an illusion. High-earners joined the rest of the country in flooding discount retailers such as Dollar General, Aldi grocery store and Five Below as prices for food and staples rose. Now, with …
The New Development Bank is having trouble finding dollar funds to repay debts, the Wall Street Journal said. It was established by the BRICS bloc of nations to offer alternatives to dollar lending. But its own finances were deeply reliant …
by confoundedinterest17 Fridays are always fun in the market. Bitcoin is up 3.23% as The Fed took a pause yesterday. Note that bitcoin and gold are moving together since March 2023 as the US Dollar deteriorates. And expectations of Fed …
by confoundedinterest17 The Artificial intelligence (AI) boom is resulting in Nvidia’s stock soaring to 429.9. At the same time, Bitcoin (yellow), the US Dollar (blue) and Gold (gold) are declining. Of course, markets are dynamic and gold/silver are likely to …
by Chris Black The power of the US dollar is the power of the US military. The reverse is also true. Both have fallen on some very hard times. RT: US sanctions are pushing many countries to seek alter… Continue …
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R Let’s zoom in on this since 2020: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: May 2022 purchasing power: 57.8 (down -3.80% in …
https://t.co/khDniqGLgr — Vimlesh Rajbansi (@VimleshRajbansi) June 13, 2023
Usage of the US dollar as a reserve currency is on the decline, per Bloomberg: pic.twitter.com/MDklE702ti — unusual_whales (@unusual_whales) June 8, 2023
According to the @FBI, Biden as VP was involved in a 5 million dollar bribery scheme with a foreign national. — Rep. Anna Paulina Luna (@RepLuna) June 5, 2023 Just left meeting for House Oversight. The @FBI is afraid their …
by BoatSurfer600 Often at the mercy of the dollar, emerging countries are looking to insulate themselves from the vagaries of U.S. Federal Reserve policy by shifting to gold—and away from the greenback. This shift in their currency reserves poses a distinct risk to Americans, who benefit from …
Guest Post by Ryan McMaken, Editor of the Mises Wire at Mises.org: Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The …