Category

Dollar

Currencies

World Currency Profit Game Plan – Phase 1

The world's major currencies are gold, the U.S. dollar, the euro, the Chinese yuan, and the Japanese yen.

And this world currency game plan shows you how to play each for profit in today's volatile markets. Get started here...

China

U.S. Opportunists Are Selling Powerball Tickets to China

U.S. opportunists are selling Powerball tickets to China. That’s right, competition for tonight’s billion-dollar winner just got a lot stiffer.

How are the Chinese getting in on the action?

Here are the "entrepreneurs" selling our lottery tickets overseas...

China

Westerners Should "Be Very Afraid" of Friday's Chinese Yuan-IMF Decision

China's yuan was just awarded reserve currency status. This was the precise event former Wall Street banker Evander Smart warned of in September:

"If you live in the West, and this goes down, be afraid, be very afraid," Smart wrote in an op-ed for "future of money" site Coin Telegraph on Sept. 10. "The world is starting to prepare for life without the dollar and westerners should, too!"

Inclusion into the IMF's $280 billion basket of currency reserves alongside the U.S. dollar, the Japanese yen, the British pound, and the euro, becomes official on Nov. 30.

As an SDR world reserve currency, the Chinese yuan is now legitimized as a serious competitor to the U.S. dollar.

Here's what you need to know about the Chinese yuan-IMF decision ...

China

A Yuan Reserve Currency Is Coming – Brace for a $2 Trillion Global Disruption

It's almost certain a yuan reserve currency will become reality 11 months from now, triggering a foreign currency shift of as much as $2 trillion – an existential threat to the U.S. dollar's status as the world's primary reserve currency.

Last week, Bloomberg reported that International Monetary Fund (IMF) officials have told Chinese officials that the yuan will join the organization's basket of reserve currencies "soon."

Here's why this will make the yuan a disruptive force...

Washington

Wasteful Government Spending: Walls That Melt in the Rain, Catfish Inspectors, and More

With a national debt of $18.4 trillion, you'd think that tracking down and eliminating wasteful government spending would be more of a U.S. priority.

In the tradition of retired Sen. Tom Coburn, two lawmakers, Rep. Steve Russell, R-OK, and Sen. John McCain, R-AZ, are now publishing examples of government waste.

Here are 11 hard-to-stomach instances of wasteful government spending...

Currencies

Why the U.S. Dollar Is Getting Stronger – and How to Play It

The year-long rally in the U.S. dollar has slowed, but it's far from over.

From July 2014 to March of this year, the U.S. dollar index (DXY) has soared by 25%. Since then, it has pulled back slightly. But the forces that drove the U.S dollar higher remain in place and will intensify in the months ahead.

Here's why the U.S. dollar will keep rising - and how to profit from it...

Gold

How You Can Win the Government's War on Cash

Most point to the bankruptcy of Lehman Brothers as the main trigger of the 2008 financial crisis.

Perhaps equally as important, but certainly not as well-covered, is what happened the following day…

That's when Reserve Primary Fund, one of the original and largest money market funds, saw its $785 million of Lehman holdings revalued to zero. Naturally, redemptions soared.

The fund's net asset value fell from $1 to $0.97 – a rare case of "breaking the buck," and redemptions were frozen for seven days.

As people ran for the exits from the 2008 meltdown, eventually almost 25% of money market assets sought redemption.

Liquidity instantly went from a waterfall to a trickle, and the financial system was pushed to the precipice.

With the crunch on, cash suddenly became extremely valuable. That was duly noted by central banks the world over. And those frozen redemptions give us some clues as to what lengths the authorities will go in order to achieve their aims; they're more determined than ever to do away with physical cash.

We now have some compelling evidence that central bankers are pushing to eradicate physical cash completely – and it's not for your benefit.

Here's what you need to know, and how to fight back right now...

Currencies

U.S. Dollar Drops as Global Stock Markets Decline

U.S. Dollar Drops Today: The U.S. dollar fell against the yen and euro yesterday, after global markets had another down day.

The Dow Jones Industrial Average was down 114 points Monday and another 400 points early Tuesday. The Stoxx Europe 600 was down 0.4% Monday, while Germany's DAX slipped 1%.

Here’s what’s next for the U.S. dollar…

Stock Market Crash

Peter Schiff on U.S. Dollar Crisis: "The Dollar Bubble Is Going to Burst"

Peter Schiff, economist, best-selling author, and CEO of Euro Pacific Capital, believes a U.S. dollar crisis is underway.

"The dollar is very overvalued…and the dollar is a bubble," he told Newsmax Prime on Aug. 11. "This dollar bubble is going to burst."

Indeed, two weeks later and Schiff's prediction proved timely. The U.S. dollar index has suffered a fourth-straight loss, and U.S. markets have plummeted in the worst weekly sell-off in four years.

Many blame the surprise yuan devaluation. But Schiff believes investors should be worried about the United States, not China...

Global Economy

U.S. Financial War with Iran to Trigger Dollar Collapse

The U.S. is waging a dangerous financial war with Iran right now.

And if it's not managed carefully, it could embolden the dollar's enemies to mount a counterattack on the U.S. currency.

Such a move could destroy the U.S. dollar as we know it...