Shortly after the PBoC’s move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its…
Devaluation
The financial markets have been through some wild and crazy times over the last two weeks, although it appears that they have finally stabilized. The…
Last weekend, we explained why it really all comes down to the death of the petrodollar. China’s transition to a new currency regime was supposed to represent…
After the devaluation of the yuan, the international financial markets started trembling. Washington accused Beijing of taking advantage of the market. As China wants to…
On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast…
When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on…
Peter Schiff, CEO of Euro Pacific Capital and bestselling author of “Crash Proof,” believes the impending collapse of the United States dollar should be getting…
Eventful days in the middle of summer. Just as the Greek Pandora’s box appears to be closing for the holidays (but we know what happens…
China on Monday announced it is lowering the value of its currency about two percent in order to boost its economic growth by supporting its…