Thursday , 19 January 2017


Currencies

Bitcoin: Another Boom, Another Crash – Falls 31% Overnight!

bitcoin

Another boom and another crash. The story of Bitcoin has been a roller coaster ride of rises and falls to say the least. People have watched in awe as Bitcoin has catapulted higher in recent weeks yet this was not meant to last. Once again, as it has so many times before, Bitcoin has suffered a serious setback, falling roughly 31% overnight!

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Major Devaluation Of Yuan Expected In 1-2 Years – Here’s Why

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I think the Chinese are devaluing the yuan in slow motion but when they realize that the shadow banking system will tighten credit at the worst possible time - just when the PBOC is actively fighting such tighter credit conditions - they are likely to devalue the yuan by a much larger and less orderly amount.

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New Global Reserve Currency (SDR) Poised To Replace USD

russia-dollar

Last December the IMF announced that the Chinese yuan would be included in the basket of currencies used to determine the value of a new global reserve currency called the Special Drawing Right (SDR), or world money. Now, less than four weeks following the G20 Summit, the yuan will officially join the SDR making up over 10% of the SDR. With China onboard, the SDR is poised to become the de facto global reserve currency.

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What Would USD Collapse Mean for the World?

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I came to the conclusion several years ago that it was just a matter of time before the world realized that the relative functionality of the U.S. dollar was about to go belly up - to collapse. [Below is an explanation as to why I have come to that conclusion and what I think it would mean for the well-being of the world.] Words: 881

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U.S. Dollar to Strengthen into 2017 – Here’s Why

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The chart below shows the US Dollar Index value during the past 44 years (1972-2016). It is imperative to notice the two peak values occurred 16 years apart (1985 and 2001), when the US dollar had soared +101% and +50%, respectively. Consequently, if one assumes the 16 year cycle will indeed repeat, then the greenback may well again rise to a peak in 2017. Moreover, if we assume the US$ could rise the average of the two previous peaks, then we might see it peak next year (2017) to +75%.

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