Keith Fitz-Gerald
Keith'S LATEST HEADLINES
-
Why Your Financial Future Will Be Built Upon the Chinese Yuan
If you have any illusions, put them aside now. It's the Yuan's world – the West is just living in it, or borrowing from it as the case may be.
Demand for the Yuan is growing at such a staggering rate that your financial future will be built upon it.
Admittedly, this is a very tough concept for most people to wrap their minds around. It's tough to lose "your" spot at the top and it's even tougher to know you're losing it and not be able to do anything about it because the leaders who are responsible for maintaining that position don't understand the end game.
It's made worse by Washington's insistence that the dollar is still a weapon when large swathes of the world now believe it's a liability. It's exacerbated by Europeans who forget that a sound currency actually requires underlying economic stability. It's threatened by the latest crop of Japanese bankers who seem determined to print money into oblivion.
Sadly, this is not new. The old guard always fights for the status quo when something different or not well understood like the Yuan comes onto the scene.
To continue reading, please click here...
- Can Kuroda's New Round of "Easy Money" Finally Revive Japan?
- Gold Prices Are Being Manipulated and Here's What To Do About It
- As Volatility Hits New Lows, It Could Be Time to Sell
- Is Japan About to Fire the First Shots in a 1930s Style Currency War?
- As Insiders Head For the Exits, Do They Know Something "We" Don't Know?
- Paul Krugman May Be the World's Last Flat Earth Economist
- The Apple Sell-Off is Just Beginning
- Now the Government Wants to Track and Tax Your Mileage
- Why The Fiscal Cliff "Deal" is Spelled P-O-R-K