Tag Archives: Dollar

Russia-China real gold standard spells death for US dollar

The BRICS counties are considering starting an internal gold trading platform, according to Russian officials. When this happens, the global economy will be significantly reshaped, and the West will lose its dominance, predicts a precious metals expert. In 2016, 24,338 tons of physical gold were traded, which was 43 percent more than in 2015, according to Claudio Grass, of Precious ...

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‘Gold price will explode & dollar get wiped out’ – warns investor Peter Schiff

Peter Schiff was among the few economists who correctly predicted the financial crisis in 2008. Ten years later, he sees another crisis emerging: a crisis that can crash the stock market and wipe out the US dollar. “I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I ...

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Iran & China seek to eliminate US dollar from bilateral trade

Published time: 5 Dec, 2017 12:57 Tehran and Beijing are determined to find ways to avoid using the US dollar as a settlement currency in trade, according to a report by Iranian economic daily Financial Tribune. The topic of de-dollarization was raised at a meeting between leading Chinese government political adviser Chen Yuan and Iranian central bank officials in Tehran. ...

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Bitcoin becoming hyper-inflated asset but fails to rival US dollar as currency

Cryptocurrencies and bitcoin have become the buzzwords of 2017. However, bitcoin is much more used as a commodity or asset rather than its original goal to be a replacement currency. “Bitcoin is a wonderful invention that has already begun to change the world, but at the moment it is too early to talk about it as an alternative or truly ...

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A dollar spent on bitcoin 'lottery ticket' in 2010 now worth almost $4 million

Published time: 2 Dec, 2017 09:00 The incredible bitcoin rally over the past seven years has professional investors and novices alike scratching their heads. The timid are left to wonder and watch as the fearless make a fortune. It’s hard to believe, but one dollar worth of bitcoin bought in May 2010 is worth about $ 3.7 million today, that’s ...

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Bitcoin crushing US dollar & governments can do nothing to stop it – Max Keiser

Published time: 27 Nov, 2017 11:07 Edited time: 27 Nov, 2017 11:13 While some have suggested bitcoin’s meteoric rise signals a potential cryptocurrency bubble, RT’s Max Keiser says fiat currencies like the US dollar are collapsing against it. Read more “I think we are seeing fiat currencies in a hyperinflationary collapse against bitcoin,” he said, adding that we’ll see a ...

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Dollar threatened by six years of weakness – Morgan Stanley

Published time: 16 Nov, 2017 14:54 One of the world’s leading financial services companies Morgan Stanley has predicted six years of weakness for the US dollar amid strong global growth, which may eclipse any positive influence from interest rate rises by the Federal Reserve. “The dollar has topped out in January this year, and we are very likely to look ...

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US dollar will lose its ‘kingpin’ status – economist Jim O’Neill

Published time: 15 Nov, 2017 09:47 The greenback’s status as the world’s most powerful currency has come into question, and could soon be shattered, even though contracts based on the US dollar dominate global markets. Economist Jim O’Neill says investors “have to believe” it is not going to be the kingpin currency forever. He explained it is because of intensified ...

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Apple could become world's first trillion dollar company

Published time: 3 Nov, 2017 13:06 Shares of Apple rallied on better-than-expected fourth quarter results and hefty projections about its flagship iPhone X. This helped the company’s market cap briefly hit $ 900 billion in after-hours trading on Thursday. The company’s quarterly earnings published on Thursday topped analysts’ estimates with revenue reaching $ 52.6 billion against $ 50.7 billion forecast ...

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Ruble-yuan trade between Russia & China makes dollar odd man out

Moscow and Beijing are looking to extend the three-year $ 25 billion yuan-ruble swap deal and seek greater use of domestic currencies in trade. Experts have told RT this is likely to cut dependence on the US dollar. This week, Russian Prime Minister Dmitry Medvedev said “the financial regulators of the two countries are working on extending the bilateral currency ...

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