Sunday , 25 October 2020


Currencies

Canada Has Devalued Its Dollar (Loonie) Again – Why? (+2K Views)

The Bank of Canada has cut its overnight rate for the second time in the last six months - to 0.5% - and the Canadian dollar has reacted as expected, [indeed, as intended,] putting the Canadian dollar at a six-year low in terms of dollars (-10.2%) and pound sterling (-10.4%). So why the rate cuts and competitive devaluation?

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Currency Wars: Here’s What They’re Really All About

A currency war is a battle, supposedly an economic policy to cheapen a country's currency compared to that of others, to promote exports but the real reason, the one that’s less talked about, is that countries actually want to import inflation - a way of creating monetary ease and importing inflation. Let me explain.

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Noonan: “When Will Gold & Silver Rally? NOT In 2015! Here’s Why”

It does not makes sense to expect any major shake-up that would affect the pricing of gold and silver in a major way until at least January 2016 at which time the IMF is scheduled to meet to discuss the possible inclusion of the Chinese RMB in the basket of fiat currencies that make up the constituents of the U.S. Dollar Index. Let me explain why that is the case.

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Which Is the World’s “Safest” Major Currency?

The term ‘safe' fiat currency is as intellectually disingenuous as terms like ‘fair' tax or government 'innovation’ but, as we’ve been exploring recently why modern central banking is completely dysfunctional, it does beg the question– is any currency ‘safe’? Let’s look at the numbers for some data-driven analysis.

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Skyrocketing U.S. Dollar Is a VERY Bad Sign For Global Economy – Here’s Why

Yes, someday the U.S. dollar will essentially be toilet paper but that is not in our immediate future. What is in our immediate future is a “flight to safety” that will push the surging U.S. dollar even higher - and when the U.S. dollar soars the global economy tends to experience a contraction so the fact that the U.S. dollar has been skyrocketing lately is a very, very bad sign.

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