Dick Bove: US Dollar Will Be ‘Overthrown’ as World’s Reserve Currency
There’s plenty of evidence supporting the belief that the dollar’s days as the preeminent currency are coming to an end, a development that would be catastrophic for the world’s largest economy.
“Generally speaking, it is not believed by the vast majority that the American dollar will be overthrown,” Dick Bove, vice president of equity research at Rafferty Capital Markets, said in [...]
Is the Dollar Dying? Why US Currency Is in Danger
The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end.
When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies [...]
from Wealth Cycles:
Even though the Presidential election is over and all of the accompanying hyperbole has ceased, the future of the U.S. economy is still on the minds of many. A poll taken by Fox News prior to the election reported that the #1 concern among voters was not jobs but rather price inflation. In the face of that citizen concern, the Federal Reserve is pursuing the worst possible course of [...]
by Charles Hugh-Smith of OfTwoMinds blog,
Does the Federal Reserve benefit the nation, or just the banks?
Cui bono–to whose benefit?–is a skeptic’s scalpel that cuts through the fat of propaganda and political expediency to the hard truth. Since the world has been trained (in Pavlovian fashion) to hang on every word issued by America’s privately owned central bank, the Federal Reserve, it’s appropriate to ask a simple but profound question:
Who benefits from the [...]
Should our fine financial system cease functioning cash will become a rare and precious medium. Over the years Americans have exchanged paper currency with confidence. Yet, today everyone’s cash is a digital value out of hand. Our vast nationwide cash money market holdings greatly exceed any paper currency supply making any Bank run a momentary event. Should the financial house of cards crash, holders of green back US Dollars will [...]
No one understands the declining effectiveness of printing currency and an expanding currency supply better than Ally Bank/GE/CNBC’s Bob Pisani, telling investors today that theJapanese Stock Market “Sold Off On The News Of No Quantitative Easing.” Apparently waiting a month is too long.
Bob is aware that the Bank of Japan just authorized, under the cover of Valentine’s day, another $120 billion to be printed. Perhaps more importantly, they announced a [...]
Uploaded by Silver2012DotCom on Jan 6, 2012
Mike Maloney shows historical charts of the currency supply and explains issues such as monetary expansion, gives his definition of inflation and deflation and discusses what will happen in 2012 concerning these issues.
Hi folks, we will be releasing this 90 minute presentation on Wednesday. Many people asked to see more of Mike’s presentation after the clip we made at the bankers conference in Sochi, Russia (where the presentation was cut short). If you were wondering what those diamond-shaped lines were…you’ll find out on Wednesday. Wealth Cycles, currency creation, short term deflation THEN hyperinflation, real estate, stocks, debt [...]
Back in early 2008, in his #1 best selling book – Guide to Investing in Gold and Silver – Mike Maloney wrote a few different possible scenarios he believed may play out, including a most likely scenario.
So where are we on his most likely prediction? It’s playing out before our very eyes!
Mike wrote that U.S. Federal Reserve Chair Ben Bernanke would be spooked by the specter of deflation [...]