Meanwhile In China!

Of course the situation in Europe has been a huge distraction for mother events in the world so let me point something out that could be of huge consequences for New Zealand and other countries doing trade with China. First of all the collapse of the Chinese stock market which has been taking place over […]

Washington Signals Dollar Deep Concerns

By Paul Graig Roberts Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE). Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars […]

The end of the Dollar is nigh!

When the US Dollar is ultimately dethroned as the world’s reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic “theories”) nobody will have seen it coming. Well, nobody except for the following headlines: ““World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, […]

The end of the Dollar, America’s cities turn off the lights and Europe is losing the Euro.

“Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade and investment, according to reports. With the planned step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current “cross rate” system that […]

Yuan edges into place as international trade currency

This is what Roubini has to say about it GUANGZHOU, April 16 (Xinhua) — Buyers and sellers at the 105th Canton Fair in south China’s Guangdong Province are no longer restricted to using the U.S. dollar to settle their deals. This year they can also use the yuan, China’s currency. Last week, the State Council […]

How big a deal is the loss of the dollar’s reserve status?

As the dollar loses its reserves status, at least half of the world’s $5,385 billion dollar reserves will be sold off and replaced with other currencies (yuan, euro, khaleeji, gold, rand, etc…). The US, with its $71 foreign reserves, will not be able to do anything to counteract this mass exodus from the dollar. With […]