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Channel: MND - Your Daily Dose of Counter-Theory » Currencies
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Who Needs The United States? Not Russia And China

Russia and China have just signed what is being called "the gas deal of the century", and the two countries are discussing moving away from the U.S. dollar and using their own currencies to trade with...

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It’s Currency War! – And Japan Has Fired The First Shot

This is the big problem with fiat currency - eventually the temptation to print more of it when you are in a jam becomes too powerful to resist.  In a surprise move on Friday, the Bank of Japan...

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Oil Falls Below 50 As Global Financial Markets Begin To Unravel

On Monday, the price of oil fell below $50 for the first time since April 2009, and the Dow dropped 331 points.  Meanwhile, the stock market declines over in Europe were even larger on a percentage...

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What In The World Just Happened In Switzerland?

Central banks lie.  That is what they do.  Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”.  But on Thursday,...

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A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency...

This is the month when the future of the eurozone will be decided.  This week, Greek leaders will meet with European officials to discuss what comes next for Greece.  The new prime minister of Greece,...

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Guess What Happened The Last Time The U.S. Dollar Skyrocketed In Value Like...

Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time.  That was in mid-2008 – just before the greatest...

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China Has Announced Plans For A ‘World Currency’

The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer.  Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for...

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The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74...

Are we on the verge of an unprecedented global currency crisis?  On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years.  And the U.S. dollar continues to surge...

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12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

Did you see what just happened?  The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era.  This caused other global currencies to crash relative to...

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23 Nations Around The World Where Stock Market Crashes Are Already Happening

You can stop waiting for a global financial crisis to happen.  The truth is that one is happening right now.  All over the world, stock markets are already crashing.  Most of these stock market crashes...

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