Independent thinking for complex markets and current events
Source: https://wolfstreet.com/2023/06/06/reserve-bank-of-australia-first-central-bank-to-pause-then-un-pause-hikes-again-warns-of-more-hikes-qt-continues/
We have now seen 50+ events challenging the US Dollar in 2023 alone. This is by far the biggest push against the US Dollar in decades. Weaponization of the US Dollar is a dangerous long term strategy. The biggest threat to the US Dollar is (ironically) the Dollar itself. — Adam Kobeissi (@TKL_Adam) June 5, …
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 the willingness of other countries to swap their goods in exchange for U.S. legal tender. If more nations …
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 tone of the piece suggested that a “catastrophic” decline of the US dollar was not …
Guest Post by Nick Giamburno at International Man: It’s been rightly said that “he who holds the gold makes the rules.” After World War 2, the US had the largest gold reserves in the world, by far. Along with winning the war, this let the US reconstruct the global monetary system around the dollar. …
by Chris Black These are the biggest loans (a little bit different from QE though, as they must be repaid with interest >0 ) in the history of the Federal Reserve by the way. RT: US banks took out a combined $164.8 billion in loans from two Federal Reserve facilities over the past fortnihght, Fed …