Guest Post by Ron Paul
Before we get started this week, I want to show you a chart:
Now, if this chart showed the stock price of a company, would you want to invest in it?
If it’s the price of a commodity, would you be a buyer? Continue reading “Ron Paul: Here’s the Truth About the “Strong U.S. Dollar””
The times, they are a-changin’, as Bob Dylan tells us.
On the global economic stage, the U.S. isn’t the dominant economic superpower that it once was. This conclusion comes from the declining popularity of dollars among global central banks.
Around the world, national central banks stockpile “reserves” in order to back up the value of their own national currency. Here’s how Investopedia explains monetary reserves:
- The currency, precious metals, and other assets held by a central bank or other monetary authority
- Monetary reserves back up the value of national currencies by providing something of value that the currency can be exchanged or redeemed for by note holders and depositors
- Reserves themselves can either be gold or denominated in a specific currency, such as the dollar or euro
In a sense, holding any asset as part of a nation’s monetary reserves is a vote of confidence in it (which is a big reason central banks own tons of gold bars).
Continue reading “Central Banks Rush to Protect Themselves from Incoming Disaster”
From Birch Gold Group
Historic changes in the world economic system don’t happen overnight. In fact, they can take decades.
One of those changes has been taking place since May 2014 – namely, the weakening of the U.S. dollar’s hegemony as the global reserve currency.
Agora Financial put it plainly in a recent issue of their 5-Minute Forecast, stating, “You don’t have to buy into imminent ‘collapse’ to know the rest of the world wants to get out from under the dollar’s thumb.”
Continue reading “U.S. Dollar On “Pins and Needles” as World Begins Turning Away”