May 07

Weak Dong Forces Vietnam Central Bank To Devalue Currency (Again) (ZeroHedge, May 6, 2015):

Having put off the decision to devalue the Vietnamese currency in March, the Dong has pressured the weaker limit (1% trading band) of the reference rate ever since. This has led to Vietnam’s central bank devaluing the dong reference rate to 21,673 (from 21,458) for the 2nd time this year. This is the softest the dong has ever been relative to king dollar, pushing them deeper into the currency wars.

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May 06


Martin Armstrong The System Will Crack And One World Currency Is Coming

Related info:

Martin Armstrong: Big Losses Coming In The Bond Market – Fall 2015 Turning Point – European Banks Will Collapse – Civil Unrest And Riots Globally – Gold To ‘Max Out At $5000 Per Ounce’ (Video)

Martin Armstrong Warns ‘Abandon The UK Before You Can’t’


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Apr 30

Dollar Suffers Worst Month In 4 Years – Ends Record Streak Of Gains (ZeroHedge, April 30, 2015):

After an unprecedented 9 months in a row of gains, for a greater-than-27% gain, The US Dollar slumped in April. Down 3.5%, this is the biggest monthly drop for the greenback since April 2011 (near the end of QE2).


As we noted yesterday, this could be a major problem as a USD-reversal is likely to drive the great unwind of consensus positioning… Continue reading »

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Apr 29

The Great Unwind Begins: US Dollar Plunges To 2-Month Lows (ZeroHedge, April 29, 2015):

Just when you thought it was safe to pile all your money (at maximum leverage) into USD-denominated assets, the greenback plunges… The last 4 days have seen the 2nd biggest drop in 6 years. This has very significant consequences for a world that has become entirely consensus-based across at least 5 major themes… This poses a problem for talking-heads: if USD strength as indicative of US economic strength… what does a plunging USD imply?

The Strong Dollar regime has changed…


This suggests the huge consensus trades surrounding the inexorable USD strengthening are all in trouble also… Continue reading »

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Apr 27


Boston Fed Admits There Is No Exit, Suggests QE Become “Normal Monetary Policy” (ZeroHedge, April 26, 2015):

Perhaps it was inevitable. After all, the term “QEfinity” entered the financial lexicon long ago and there were already quite a few commentators out there suggesting that it may now be too late to remove the punchbowl, meaning an “exit” will not only prove difficult, but may well be impossible.

Take Makoto Utsumi, who oversaw foreign-exchange policy at the Japanese Ministry of Finance from 1989-1991, for example. Utsumi recently said a BoJ QE exit was out of the question “for the foreseeable future” and went on to note that “even the thought of an exit is a nightmare.” Meanwhile, it’s virtually impossible to say what effect Fed tightening will have in both the Treasury and corporate bond markets given the lack of liquidity in both and then there’s EM where carnage unfolded in 2013 after a certain bearded bureaucrat said the wrong thing about the direction of Fed policy.

Given all of this, we’re not surprised to learn that in a new paper entitled “Let’s Talk About It: What Policy Tools Should The Fed ‘Normally’ Use?”, the Boston Fed is now suggesting that QE become a permanent tool at the disposal of the Fed. After all, “financial stability” depends on it… Continue reading »

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Apr 25

Presenting De-Dollarization In One Simple Map (ZeroHedge, April 24, 2015):

Sometimes a picture is indeed worth a thousand words (or a thousand yuan) which is why we present the following map which shows all of the countries that have joined the China-led Asian Infrastructure Investment Bank with no comment other than to say “spot the odd G-7 nations out”…



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Apr 15

The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace (ZeroHedge, April 15, 2015):

Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Now, with oil prices still in the doldrums, oil producers are selling off their USD assets in a frenzy threatening the viability of petrocurrency mercantilism and effectively extracting billions in liquidity from the system just as the Fed prepares to hike rates.


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Apr 15

Russian Ruble Extends Outperformance – Surges To Strongest Since November (ZeroHedge, April 15, 2015):

Isolated Russia continues to see its currency dramatically outperform the US Dollar. Breaking below 50 today, this is the strongest the Ruble has been since Nov 2014… The Ruble is now up almost 22% against the US Dollar year-to-date.

Strongest since November…


and best performing currency of the year…


Charts: Bloomberg

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Apr 15

Apr 12, 2015


Renowned financial analyst Martin Armstrong says you can forget about the U.S. dollar crashing in value. Armstrong contends, “No, that’s absurd. The euro is in terrible shape. The yen is in terrible shape, and honestly, you can’t park money in yuan or Russian rubles, yet. I mean, let’s be realistic here, but eventually–yes.”

Armstrong says the bond market is a different story as the Fed is going to be forced to raise rates. He contends just a few percentage points in rising rates are going to cause big losses and big changes. Armstrong predicts, “People will be losing huge money. We are looking at a few percentage points, and you are going to blow the national debts of all these countries way out of whack, and that’s what’s going to force political change.”

Join Greg Hunter as he goes One-on-One with Martin Armstrong of

* * *


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Apr 06


A Global Financial Reset Is Coming: ‘A Deal Is Being Made Between All The Central Banks’ (SHFTplan, April 5, 2015):

There is an unprecedented reset coming to world financial markets and if you’ve been paying attention it’s impossible to ignore the signs. In fact mega-investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the U.S. dollar effectively worthless and governments around the world angling for a new global currency mechanism, according to mining executive Keith Neumeyer.

But before the reset can happen Neumeyer, who recently founded First Mining Finance and has partnered with billionaire alternative asset investors like Eric Sprott and Rick Rule, says that foreign creditors must first deleverage their U.S. dollar debt, a move that is happening right now and is evidenced by the recent strength of the U.S. dollar. Continue reading »

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Mar 26

As I’ve said many times before:

“Only physyical gold and silver are real.

Everything else is an illusion.”

Paper investments in gold and silver will not be covered and there is a bloodbath coming.

The coming crisis will make 2008 look like a walk in the park.



Madness Coming To Gold Market: “There Are Thirty to Fifty Owners For Each Ounce of Gold That’s Out There” (SHFTplan, March 25, 2015):

Though the price of gold has seen a significant drop over the last two years from it’s all time highs of about $1900 per ounce, many experts and analysts believe that western central banks and their colleagues at major financial institutions have been manipulating the price. The rampant manipulation is believed to stem, in part, from the formerly Rothschild owned London Gold Fix, an organization made up of five large banks that make a daily determination of what the price of gold should be.

It is this unilateral control by western banks that recently prompted the Chinese to create their own Shanghai Gold Exchange. What separates the two is that the Chinese will be using their currency, the Yuan, as the reserve rather than the U.S. Dollar. Moreover, unlike their European counterparts, the Chinese will be trading in actual physical dollars.

The Daily Coin explains: Continue reading »

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Mar 25


US Hegemony, Dollar Dominance Are Officially Dead As China Scores Overwhelming Victory In Bank Battle (ZeroHedge, March 25, 2015):

It’s official: everyone has caught onto the fact that the Asian Infrastructure Investment Bank story is extremely important. We’ve covered this exhaustively over the past month, but to summarize, the China-led development bank essentially marks an epochal shift away from traditionally US-dominated multinational institutions like the IMF and the ADB. Meanwhile, it also represents an implicit attempt by the Chinese to usher in a kind of sino-Monroe Doctrine and solidify their regional — and, to a certain extent their international — ambitions. In a desperate attempt to undermine the effort and preserve what’s left of US hegemony, Washington aggressively lobbied its allies last year to refrain from supporting the effort. Then the UK decided to join calling the bank an “unrivaled opportunity.” That effectively opened the floodgates and in short order, a bevy of Western nations and close US allies suddenly reversed course and indicated they were likely to support the new institution.

Here’s more: Continue reading »

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Mar 22



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Mar 21

–  When The World’s Reserve Currency Flash Crashed: “I Haven’t Seen Anything Like It Since The Financial Crisis’ (ZeroHedge, March 20, 2015):

On Wednesday afternoon, just after the close of the market, the US Dollar, the world’s reserve currency flash crashed. “I haven’t seen anything like it since the financial crisis,” said Paul Lambert, head of currency at Insight Investment, which manages $480 billion of assets. For a few minutes on Wednesday, the lack of dollar buyers caused a short-term freeze in electronic trading platforms, according to a New York-based trader at a major currency-dealing bank. “There was a lot of shouting on the desk, a lot of nervousness,” the trader said.

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Mar 19

Flashback and an absolute must-watch for all those that haven’t seen this yet.

Feb 14, 2014


America: Freedom to Fascism is a 2006 film by Aaron Russo, covering a variety of subjects, including: the Internal Revenue Service (IRS), the income tax, Federal Reserve System, national ID cards (REAL ID Act), human-implanted RFID tags, Diebold electronic voting machines,[1] globalization, Big Brother, taser weapons abuse, and the use of terrorism by the government as a means to diminish the citizens’ rights.

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Mar 18

More info here:

Dollar Flash Crashes: Currency Market Pulverized As Dollar Implodes After Close (ZeroHedge, March 18, 2015):

Complete Currency Carnage…

At 1604ET – the FX world went crazy…

As The Dollar flash-crashed…



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Mar 18


It’s Happening – More US Allies Join The Anti-Dollar Alliance (Sovereign Man, March 18, 2015):

The United States government just went from “Please, baby, don’t leave me,” to frustrated threats and whining.

After the UK announced it will join new China-led Asian Infrastructure Investment Bank (AIIB) as a founding member late last week, Germany, France and Italy decided yesterday to follow Britain’s lead and join as well.

Welcome to the beginning of the end of the US dollar’s domination. It’s happening.

For the past few decades America was the undisputed global economic and political superpower.

The entire world happily used the US dollar, and hence, the US banking system. More importantly, the world happily placed its trust in the US government.

But there’s a limit to how irresponsible, reckless, and threatening you can be. Eventually such behavior catches up to you.

That time has now come. Continue reading »

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Mar 10

EURUSD Tumbles To 1.06 Handle, Swissy Slides To USD Parity (ZeroHedge, March 10, 2015):

When does the Euro become the Ruble?

This is the weakest for the Euro since April 2003…


And swissy is back at parity – *USD/CHF AT PARITY FOR FIRST TIME SINCE SNB REMOVED FRANC CAP Continue reading »

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Mar 09


– Alan Greenspan Warns Of Explosive Inflation: “Tinderbox Looking For A Spark” (SHFTplan, March 8, 2015):

Last month it was revealed that former federal reserve Chairman Alan Greenspan, the architect of U.S. monetary policy under four Presidents, is anticipating a significant market event as a result of the trillions of dollars that have been pumped into the system over the last several years. According to Greenspan, something big is coming.

His comments were shared by well known resource analyst Brien Lundin, who joined Greenspan for private discussions at last year’s New Orleans Investment Conference. In his latest interview Lundin further clarifies Greenspan’s private thoughts on current economic and monetary policy and sheds light on the former Fed Chairman’s suggestion that ‘something big is coming.

Greenspan made some good points to me… He was concerned about inflation… He was specifically concerned in relation to the outstanding, or excess, reserves which are close to three trillion dollars being held on the Fed balance sheet now… That money is just hanging over the U.S. economy like a big water balloon of liquidity and it’s just searching for a pin.

In fact, Greenspan referred to it as a tinderbox of explosive inflation looking for a spark.

Watch the full insider interview: Continue reading »

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Mar 08

The Global Dollar Funding Shortage Is Back With A Vengeance And “This Time It’s Different” (ZeroHedge, March 8, 2015):

Something curious has emerged as a result of the divergent “Fed-vs-Everyone-Else” central bank policy: as JPM observed over the weekend while looking at the dollar fx basis, the dollar funding shortage is back with a vengeance, and is accelerating at pace not seen since the Lehman collapse.

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Mar 06


Who’s Isolated Now? Kazakhstan Authorities Announce Plans To De-Dollarize Economy (ZeroHedge, March 5, 2015):

Following the approval of the government, Kazakhstan’s Central Bank has announced it plans to de-dollarize its economy by the end of 2016. The goal is to avoid the macroeconomic instability that the USD creates and to give priority to Tenge in trade agreements (banning price designations in foreign exchange). Coming just 2 weeks after the ratification of the $100 billion BRICS bank, and Russia’s creation of a SWIFT-alternative, one wonders – as one by one foreign nations agree non-dollar trade and swap agreements – who is becoming ‘isolated’ now?

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Feb 19


De-Dollarization Accelerates: Russia Launches SWIFT-Alternative Linking 91 Entities (ZeroHedge, Feb 18, 2015):

Back in 2013, The NSA was first exposed for secretly ‘monitoring’ the SWIFT payments flows. This appears to have been among the last straws for Russia (and others) as far as both NSA spying and dollar domination.

Last year, following threats to remove Russia from SWIFT by the UK, (which SWIFT rapidly distanced its ‘independent-self’ from), Russia (and China) announced plans to create its own de-dollarized version. In November, Russia detailed the SWIFT-alternative’s launch date around May 2015, and just last month, Medvedev warned of “unlimited reaction” if Russia was cut off from the SWIFT payments system.

So the news this week that Russia has launched its own ‘SWIFT’-alternative, linking 91 credit institutions initially, suggests de-dollarization is considerably further along than many expected (especially as Russia dumps US Treasuries at a record pace).

Continue reading »

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Feb 08


–  The Death Of The Petrodollar Was Finally Noticed (ZeroHedge, Jan 7, 2015):

Three months ago, we wrote “How The Petrodollar Quietly Died, And Nobody Noticed[38]“, in which we explained in painful detail why far from the simple macroeconomic dogma which immediately prompted the macro tourists to scream that “oil prices dropping are good for US consumers“, the collapse in the price of crude is not only a disaster for oil exporting nations – one which will lead to a series of violent “Arab Springs” across the oil-producing developed world – but far more importantly, have a massive impact on capital markets as a result of the plunge in the most financialized commodity in history. Continue reading »

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Feb 03


Stocks Soar On “Higher Gas Prices Are Good” Narrative; Bonds & Greenback Battered (ZeroHedge, Feb 3, 2015)

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Jan 29


–  The History Of Global Crises Through The Eyes Of The US Dollar (Zerohedge, Jan 28, 2015):

Which is better: a stronger dollar or a weaker dollar? You decide…

Dollar Index DXY

“King Dollar” met Queen Caterpillar this week and awoke the beast of broken narratives that a strong dollar may not be the ‘unambiguously good’ thing so many proclaim it to be. However, with the rest of the world competitively weakening their currencies (in order to ‘help’ their economies), we hope the chart above will help readers decide which they prefer… a stronger (US multinational-crushing) dollar or a weak (domestic drag) dollar?

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Jan 24

Related info:

Russia And Iran Sign Defense Deal, … ‘May Resolve’ S-300 Missile Delivery Issue (RT, Jan 20, 2015)

De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade (ZeroHedge, Jan 24, 2015):

Since last May (and likely long before) when the topic of “de-dollarization” was first uttered in official circles (and not just tin-foil-hat-wearing blogs), the rest of the world (un-isolated as they are) has been warming to the idea that perhaps – just perhaps – it is time to de-dollarize (more or less depending on the despotic region in question). From currency swap agreements to bi-lateral trade agreements to selling US Treasuries and greatly rotating USD reserves into gold, the world’s nations (small and large) appear less and less comfortable holdings dollars in this tempestuous world. Among the supporters of that first “de-dollarization” meeting were China and Iran and while the former continues to work down its exposure, the latter – Iran, according to Tasnim news agency, has almost entirely eliminated USDollars from its reserves and is no longer using dollars in foreign trade.

Nothing lasts forever… Continue reading »

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Jan 21

deflationary vortex

–  The “Deflationary Vortex”: Global Dollar Economy Suffers Biggest Plunge Since Lehman, Down $4 Trillion (ZeroHedge, Jan 20, 2015):

One of the macroeconomic observations that has gotten absolutely no mention in recent months is the curious fact that while global economic growth has not imploded in recent quarters, it is because GDP has been represented, as is customary, in local currency terms. Of course, this comes as a time when local currencies (at least those which are not the USD) have been plunging against the greenback on the back of the expectations that the Fed will hike rates some time in the summer or later in 2015. Which also means that in “dollar economy” terms, i.e., converted in USD, things are not nearly as good.

In fact, as the chart above shows, the global dollar economy is not only shrinking fast, but it is doing so at the fastest pace since the Lehman collapse, having shrunk by $4 trillion, or a whopping 5%, in just the last 6 months! Continue reading »

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Jan 01


Jim Willie: DOLLAR DEATH: Global Trade Using Dollars Down 50%! (Grams Gold, Dec 26, 2014):

This transcript of the interview with Jim Willie in early December 2014 highlights the importance of gold on the world stage, as well as other important events that are taking place.In the video interview titled, “No Prisoners in the Global Money War,” Willie says, “I think we have acceleration on the systemic breakdown globally. There is no asset foundation to the US banking system anymore. It’s just a bunch of ‘spinning derivatives on computer trades’. Continue reading »

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Dec 18

Fly in Venus flytrap

IMF Now Ready To Slam The Door On The U.S. And The Dollar (ALT-MARKET, Dec 17, 2014):

As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of the world will be distracted by the outcome of this crisis (for good or bad) for at least the week, I find I must concern myself with a far more important and dangerous situation.

Up to 40 people may be held by a supposed extremist in Sydney,but the entire world is currently being held hostage economically by international banks. This is the crisis no one in the mainstream is talking about, so alternative analysts must.

As I predicted last month in “We Have Just Witnessed The Last Gasp Of The Global Economy,” severe volatility is now returning to global markets after the pre-game 10 percent drop in equities in October hinted at what was to come. Continue reading »

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Dec 17


Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble? (Sovereign Man, Dec 16, 2014):

Last night, the Russian central bank announced a shock decision to hike up its key interest rate from 10.5% to 17%, effective immediately. Incredible.

On Monday alone the ruble declined more than 9% against the dollar, and almost 50% in 2014. It looks like a massacre.

If you listen to conventional financial news, they’ll all tell you that you’d have to be insane to own anything in Russia right now—stocks, bonds, currency, etc.

They’ll tell you that the ruble is in freefall, and that the dollar is the place to be.

But if you have been a reader of this column for any length of time, you know that I am a very data-driven person.

So… just for kicks, I decided to dive into the numbers and make an objective comparison between the US dollar and the Russian ruble.

The results might surprise you.

Continue reading »

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