Category: Fiat Currency
The analysis published under this category are as follows.
Tuesday, October 26, 2010
G20 Failure Means Currency War Continues / Currencies / Fiat Currency
By: Money_Morning
Don Miller writes: Despite securing an agreement from Group of 20 (G-20) officials to avoid weakening their currencies any further, the Obama administration failed to convince member countries to implement specific guidelines to measure compliance and monitor trade imbalances.
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Monday, October 25, 2010
Currency Wars, Ficitious Deflation Propaganda and Gold / Currencies / Fiat Currency
By: Howard_Katz
This past weekend the Group of 20 nations met to discuss the value of their currencies. These discussions are being called “wars” in the general media because, although there is no actual shooting or dropping of bombs, each nation approached them with the attitude appropriate to a war. “I’m going to get mine at the expense of my neighbor.” To sum up the positions of all the nations at the talks:
Saturday, October 23, 2010
G20 Meetings Could Prove Very Important for Currencies / Currencies / Fiat Currency
By: Bryan_Rich
While many investors have their eyes on the G-20 Summit in November, this weekend’s gathering of G-20 finance ministers could prove to be the more significant event for markets.
If you take a look at recent history, I think you would agree.
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Thursday, October 21, 2010
Currency Wars, Gresham’s Law and Digital Gold Currency (DGC) / Currencies / Fiat Currency
By: David_Knox_Barker
Introducing the Chronicles of Atticus McShrugg: Instead of typical article format, I've created a fictional character and will chronicle his interaction with the President of the United States during these trying times of global crisis. Atticus McShrugg, a staff member in the National Security Council (NSC), is making his debut in order to speak into the fast-paced developments in the international political economy and global financial markets.
Wednesday, October 20, 2010
Currency Wars, Market Manipulation and Quantitative Easing / Currencies / Fiat Currency
By: Bob_Chapman
As we write the US dollar is in the process of trying to find at least a temporary bottom at 76.50 and to launch a countertrend rally. We would think a rally back to 80 is achievable, but we do not believe it’s sustainable - only some stabilization through the election. Japan drew a line in the sand at 82 and finished last Friday trading at 81.37. That does not smack of success, but we see improvement over the next two weeks.
Sunday, October 17, 2010
Winning The Currency War By Unleasing Financial Nuclear War / Currencies / Fiat Currency
By: Matthias_Chang
Let us be very clear about the impact of the coming massive Quantitative Easing (QEII) by the FED, the financial bully of Wall Street. It is the unleashing of a financial nuclear weapon!
The financial media is portraying this process as "a war of survival" between America and the rest of the world. This is a war waged by Wall Street. Its main instrument is a Global Ponzi Scheme.
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Friday, October 15, 2010
Global Currency Meltdown / Currencies / Fiat Currency
By: Peter_Schiff
As the recession and resultant stimulus packages add to higher unemployment and increasing public-sector deficits, the government is seeking to boost the value of overseas earnings that are accrued by US corporations. To aid in this effort, the Fed is being pressured to erode the value of the US dollar, thereby making foreign sales more lucrative in nominal terms. But this form of stealth protectionism will fail just as surely as more overt trade barriers.Read full article... Read full article...
Tuesday, October 12, 2010
U.S. Treasury's Drive to Devalue the Dollar, Fed Takes Aim at Chinese Yuan / Currencies / Fiat Currency
By: Gary_Dorsch
Although the United States is still the world’s #1 economy, it’s increasingly feeling the heat of the Chinese dragon, breathing down its neck. At the beginning of the twenty-first century, the US-economy was eight-times larger than China’s - a decade later the figure was down to three-times. China’s $5-trillion economy has eclipsed Japan, Germany, France and Britain, to become the second-biggest, after three decades of blistering growth, and is now within reach of overtaking the US within 10-years. With China’s economic growth rate at 10% and the US-economy struggling at +1.5% growth, - this long-term prediction doesn’t sound that far-fetched.
Saturday, October 09, 2010
China’s Currency War, the Enemy #1 for Global Economy / Currencies / Fiat Currency
By: Bryan_Rich
When Brazil’s finance minister said the world was in a currency war, it came as big news to many people — a surprising “new” economic threat. But there’s nothing new about a currency war. China has been waging a war — an economic war — with its currency for a long time.
Over the last 14 years, China’s economy has grown four times as fast as the U.S. economy, and it has quickly soared to become the world’s second-largest. The key to China’s success has been a weak yuan — it’s method of manipulating a sustained advantage over its competitors in global trade.
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Saturday, October 09, 2010
Central Bankers’ Global Race to the Currency Devaluation Bottom / Currencies / Fiat Currency
By: Mike_Larson
Well, that pretty much seals the deal. I’m talking about the latest, lousy batch of employment data. The ADP Employer Services report out Wednesday showed the economy shedding 39,000 jobs in September — the biggest decline since January and far below the Bloomberg forecast for a gain of 20,000.
Thursday, October 07, 2010
Global Currency Wars Phantom Menace / Currencies / Fiat Currency
By: Kieran_Osborne
The last thing the global economy needs right now is anything that would hamper or derail economic growth. Unfortunately, there appears a growing specter of this occurring. Brazil and Japan’s recent decisions to intervene in the currency markets follow a disturbing trend. If policy makers are not careful, present dynamics may precipitate a worldwide economic slowdown, brought about by protectionist pressures and exacerbated by political motivations globally.
Tuesday, October 05, 2010
Welcome back to the Worldwide Fiat Currency Race to Debase! / Currencies / Fiat Currency
By: GoldCore
At the close of third quarter 2010, it is clear for the world to see that all fiat currencies around the globe have been getting their paperback-sides kicked in by true hard monies, silver and gold.
To all the paper-bug fiat currency fools out there, we have this to say to you. Scoreboard.
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Monday, October 04, 2010
What Does the Global Currency War Mean? / Currencies / Fiat Currency
By: Washingtons_Blog
There is a currency war ranging world-wide.
Japan, Brazil, Peru and countries all over the world are trying to beggar thy neighbor (just as happened during the 1930s) and gain a leg up for their exports by cheapening their currencies.
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Wednesday, September 29, 2010
Deep Economic and Debt Frictions Triggering Competing Currency Wars / Currencies / Fiat Currency
By: Jim_Willie_CB
Some prefatory stories are highly revealing. Bank of America is badly on the ropes. On the same weekend at the end of July, when the Bank For Intl Settlements executed a 340 ton gold swap contract, two other events happened. The London metals exchange apparently suffered coordinated delivery raids, all legal, but painful nonetheless, stripping the embattled exchange of much gold bullion. My source from the German banking fortress shared that the BIS might have rescued the London Bullion Market Assn, and thereby prevented a near default at the exchange. Spurious stories about aiding commercial banks, even the Portuguese central bank, were floated to distract the masses.
Wednesday, September 22, 2010
Fiat Currency Wars, Competitive Devaluations Fuel Gold’s Rally to $1,300/oz / Currencies / Fiat Currency
By: Gary_Dorsch
With the price of gold zeroing in on yet another major milestone, - $1,300 /oz, some heavy hitters in the marketplace are beginning to wonder if the yellow metal’s rally, is getting a bit too frothy, or even worse, whether a speculative bubble is brewing, that might ultimately deflate under its own weight, and lead to a sharp correction. On Sept 15th, famed hedge fund trader George Soros said that gold prices might continue to rise, but warned that that gold is the “ultimate bubble.”
Friday, September 17, 2010
Can the U.S. Afford to Call China a Currency Manipulator? / Currencies / Fiat Currency
By: Money_Morning
Jason Simpkins writes: It seems like every six months the debate over China's currency, the yuan, reaches a fevered pitch: The Washington bureaucrats threaten to label China a "currency manipulator" and Beijing threatens to dump its U.S. debt holdings.
Then, with the imminent approach of a major inflection point - be it a key international summit or major financial report - both sides grudgingly agree that a modest appreciation of the yuan would be mutually beneficial.
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Thursday, September 16, 2010
China Japan Forex Battle / Currencies / Fiat Currency
By: Ashraf_Laidi
While many have assessed Japan's powerful intervention (JPY 2 trillion worth of currency selling) via the lens of the US dollar, the operation could be a loud warning shot to Beijing, given the record buying of Japanese Government Bonds by China. Cynics (possibly realists) could reason that China seeks to hamper Japan's recovery by keeping the yen excessively strong, while profiting along the way (via accumulating appreciating yen and gradually reducing exposure to depreciating US dollars). After all, the race for the 2nd biggest economy remains in close contention between China and Japan.
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Wednesday, September 15, 2010
Central Banking's "Grotesque" War on Your Money / Politics / Fiat Currency
By: Adrian_Ash
Nobody wins this war of attrition, however much money they print up and shell into the market...
DURING the Second World War, Nazi Germany hatched a plot to flood Britain with fake bank notes.
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Wednesday, September 15, 2010
Dueling Fiat Currencies / Currencies / Fiat Currency
By: Richard_Daughty
My daughter, for some reason, decided that breakfast is the best time of day to tell me that she needs me to give her a wad of money, more money than I earned in a freaking month when I was her age, and for some stupid "back to school supplies" or to "have the sutures removed," or something, I can't remember the stupid details, but whatever it was, I remember that did not want to pay for it.
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Tuesday, September 14, 2010
The Curse of Fiat Money, Preventing the Banking Industry from Shrinking / Interest-Rates / Fiat Currency
By: Thorsten_Polleit
It may come as a surprise to many, but the relative size of the US commercial-banking industry has not declined following the so-called credit-market crisis, which developed in the second half of 2007. On the contrary, it has increased since then. While nominal GDP rose 4.2% from the second quarter of 2007 to the second quarter of 2010, banks' total assets rose 18.4%.