Independent thinking for complex markets and current events
BRICS probably won’t be able to dethrone King Dollar, according to Morgan Stanley currency traders. There’s only one small problem with their argument… From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Morgan Stanley’s views on gold and …
The Canadian Dollar 🇨🇦 trend looks rather ominous. https://t.co/8mUoLq2NY7 pic.twitter.com/ipw8hce2WU — Financelot (@FinanceLancelot) July 29, 2024
Has the day of reckoning finally arrived? Wednesday’s rout in tech stocks led by Tesla and Google parent Alphabet wiped a collective $1 trillion in value off U.S. equities, signaling a broad-based correction could be in store. Losses in the benchmark S&P 500 index and tech-heavy Nasdaq Composite endured their worst days since the fourth …
If you shop for groceries at this retailer, chances are your food may have been contaminated by rats. Consumers have often criticized this chain for being dirty and disorganized, but many would never imagine that their food would be sitting next to dozens of dead mice. Family Dollar is now paying a multimillion dollar fine …
“The U.S. dollar will lose substantial purchasing power in the next 10 years,” warns Rick Rule, founder and CEO of Rule Investment Media. During this year’s Rule Symposium in Florida, he explained to Daniela Cambone that exploding liabilities, including $100 billion in entitlements such as Medicare, Medicaid, and Social Security, are likely to greatly devalue …
Saudi Aramco has initiated its first dollar bond sale in three years. The oil-rich kingdom’s state-owned company is seeking to raise at least $3 billion, with the possibility of increasing the size based on investor demand. The debt offering includes three tranches with maturities of 10, 30, and 40 years. Initial pricing thoughts indicate spreads of approximately 140, 180, and 195 …
NEW: Philadelphia police are searching for a man after he 'relieved himself' on a woman's leg in a Dollar Tree store. The man can be seen running from the store before the woman shows what he did to her leg. "He n*tted on my leg!" the woman can be heard saying. Police say the… pic.twitter.com/TOHpfB5Wch …
Good news! Enough is enough and no more more pinching the cops. On May 31st, 2024, officers were dispatched to a Dollar General in response to a report of an ongoing shoplifting incident. This is footage of the events that followed. AC
U.S. economy will be destroyed if countries stop trading in the dollar. Inflation will become uncontrollable, and the dollar’s value will plummet. BRICS nations plan to move off the dollar, potentially using their own or a new agreed-upon currency. Greene blames U.S. foreign policy for this impending crisis. Steve Bannon adds that Saudi Arabia is …
The Japanese yen has been experiencing significant weakness against the U.S. dollar. Recently, it reached a 38-year low of 161 yen against the dollar. This decline has raised concerns, prompting Japanese authorities to consider intervention in currency markets to stabilize the yen. The reasons behind this slide include signals from the U.S. Federal Reserve about maintaining elevated interest rates …
https://www.youtube.com/watch?v=yOT2ScMBS6I The concept of de-dollarization has gained traction in recent years. Let’s explore what it means and its potential implications: What is De-Dollarization? De-dollarization refers to the process by which countries seek alternatives to the U.S. dollar (USD) as the primary global reserve currency. It involves reducing reliance on the dollar for international trade, financial transactions, and …
In a shocking turn of events, CNN finds itself on the defensive in a billion-dollar defamation lawsuit. Navy veteran Zachary Young is taking on the media giant for their portrayal of his efforts during the Afghanistan evacuation. The case hinges on CNN’s use of the term “black market” and accusations of exploiting desperate Afghans. With …
So what’s left to prop up their exchange? ‼️ The Russian “Central Bank is preparing to stop exchange trading in the yuan following the dollar and euro” 🍿https://t.co/I25aUztySB pic.twitter.com/hVhhOOC8pV — Prune60 (@Prune602) June 20, 2024 The Russian currency market, already deprived of exchange trading in the dollar and the euro, may be left without …
BREAKING: Japanese yen – again. The Japanese Yen is trading at the 3RD WEAKEST level against the US dollar in 34 YEARS. Since the Japan's Ministry of Finance intervention low ($58 billion reserves burned) it is down 4.5% and 13% year to date. More details in 2nd post👇 pic.twitter.com/lLKV6cjOBO — Global Markets Investor (@GlobalMktObserv) June …
In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since Covid struck. An International Monetary Fund analysis sent by request to Bloomberg News shows that the share of global flows has climbed — …
An important reminder that everyone and their mother is currently long the US dollar. Crowded positions are often mistaken, making a squeeze in the opposite direction highly likely. While gold and commodities can indeed rise alongside a strengthening US dollar, this is an… pic.twitter.com/i5jGeeXDVU — Otavio (Tavi) Costa (@TaviCosta) June 12, 2024 Deficit spending as …
San Francisco opened its first $5.5 million free food “market”, where approved residents can show a benefits eligibility card, put what they want in their carts, check out to keep track of outgoing inventory, and leave without paying. The Bayview-Hunters Point facility aims to be a food pantry alternative that replicates the supermarket experience in …
Project mBridge and CBDCs: Project mBridge is a multilateral initiative involving central banks and commercial banks. It aims to explore a multi-central bank digital currency (CBDC) platform built on distributed ledger technology (DLT) for instant cross-border payments and settlement1. The project involves collaboration between the BIS Innovation Hub, the Bank of Thailand, the Central Bank of …
via schiffsovereign: Next month will mark 80 years since the US dollar was formally anointed as the world’s reserve currency. It was July 1944. And with the war in Europe near its denouement, governments were already trying to plan what the postwar world would look like. Most urgently, they needed to figure out how to …
by confoundedinterest17 Call it Washington DC soullessness. Back in 2023, Socialist Paul Krugman declared that “the war on inflation is over!!! “We” won, at very little cost.” I love when elitists claim “We won!” since clearly 99% of Americans lost since food, housing and car prices up are double digits under Biden. The problem is that food, …
What did they do to him or offer him to make this happen so quickly? I mean what goes on behind the scenes to make a man change his mind so quickly? Meanwhile… US Secretary of State Blinken announces $2 billion in Ukraine military aid in Kyiv BREAKING – US Secretary of State Blinken announces …
Gold prices are reaching record highs because of strong buying by central banks. Central banks in countries aligned with China are diversifying their assets from the US dollar into gold. Central banks are favoring gold as a politically neutral, safe asset, insulated from sanctions. Gold prices are on a tear recently thanks to strong buying …
Prepare for a seismic shift in the gold market as the precious metal defies conventional wisdom, soaring despite the backdrop of high real rates and a robust dollar. This unexpected surge hints at a fervent bid for diversification among central banks worldwide, reshaping the landscape of global finance. Gold's rise despite high real rates and …
The infamous ‘Oceanwide Plaza’ in Los Angeles, dubbed the “graffiti towers” due to its incomplete state, has purportedly been listed by its developer for a fraction of its initial value. With the project remaining unfinished despite substantial investment, questions arise about its future and the broader implications for the local real estate market. The unfinished …
Authored by Tom Ozimek via The Epoch Times (emphasis ours), Tesla CEO Elon Musk has sounded the alarm on the Biden administration’s massive deficit spending, warning that unless steps are taken to slow down the growth of America’s national debt, the U.S. dollar will become worthless. “We need to do something about our national debt or …
The Treasury funds its deficits by borrowing more money, leading to a cycle of increasing debt. With interest payments reaching historic highs and set to climb further, concerns over the US Dollar’s stability are mounting. Investment management giant BlackRock issues a warning, advising investors to shift some cash reserves into bonds amid market volatility and …
Concerns arise over the global monetary system’s stability amidst geopolitical tensions and the risk of a dollar collapse, prompting nations to explore alternative currencies and localize trade. Financial warfare escalates, with countries like Russia and China strengthening ties and seeking to reduce dependency on the dollar. One needs to take long-term forecasts with a pinch …
TL;DR – The Maldives is negotiating with India and China to conduct trade using local currencies instead of the US dollar. – This shift could undermine the US dollar’s dominance in international trade. – Maldives imports goods worth $780 million annually from India and plans to pay in Maldivian Rufiyaa. The Maldives is shaking up …
Costa Rican Colon Surges Against US Dollar: Causes and Implications A question many of us are asking right now is: How is the colon appreciating so rapidly vs the dollar? Since June, 2022, the USD has lost over 25% of its value against the Costa Rican Colon. No other currency worldwide has appreciated so much …
Dollar Tree is causing commotion with its recent price update. True dollar prices are a thing of the past in Dollar Tree. The discount giant is raising prices again, with some items as high as $7. The company also announced that the sister brand Family Dollar will close nearly a thousand stores starting this year. …