Posts Tagged ‘currency’

US Dollar’s Status as Dominant “Global Reserve Currency” at 25-Year Low. And USD Exchange Rates?

The global share of US-dollar-denominated exchange reserves declined to 59.15% in the third quarter, from 59.23% in the second quarter, hobbling along a 26-year low for the past four quarters, according to the IMF’s COFER data released today. Dollar-denominated foreign exchange reserves are Treasury securities, US corporate bonds, US mortgage-backed securities, and other USD-denominated assets […]

As Turkey’s currency plummets, Al Jazeera guests clash over state of economy

December 6, 2021 Description:  In a recent episode of the long-running program Al-Etejah al’Mu’akis on Al Jazeera Arabic hosted by Faysal al-Qasim, two guests based in London and Istanbul, debated ‘why the value of the Turkish Lira was falling rapidly’. The following are key excerpts from this episode translated into English. According to various media reports, Turkey’s […]

Prosecutors: Epstein’s Child Sex Pimp Gave Top Politicians Kids To Rape for ‘Social Currency’

Prosecutors: Epstein’s Child Sex Pimp Gave Top Politicians Kids To Rape for ‘Social Currency’ Date: November 20, 2021Author: Nwo Report   Source: Sean Adl-TabatabaiProsecutors in the case of Epstein’s child sex pimp Ghislaine Maxwell claim that she “set up VIP elites” with young children to rape as part of a blackmail scheme to gain influence […]

Taliban ban use of foreign currency in Afghanistan

The Taliban announced, on Tuesday, a complete ban on the use of foreign currency in Afghanistan, a move sure to cause further disruption to an economy pushed to the brink of collapse by the abrupt withdrawal of international support. The surprise move came hours after at least 25 people were killed and more than 50 […]

Venezuelans Turn to Gold Nuggets as the Local Currency Implodes

Dealing with physical gold in fractions of a gram seems extremely cumbersome, and, are vendors confident that they’re being paid in actual gold? With the use of cryptocurrencies booming in Venezuela, I wonder if people are using any of the gold backed cryptos for the purposes described in this piece? The most bugeyed Cryptogon readers will wave red […]

Bank Of England Says Govt Needs To Make Decision On Digital Currency ‘Programming’

In June this year, the Bank of England urged Government ministers to decide whether a central bank digital currency should be made “programmable”, which would allow the issuer control over how it was spent by the recipient. Tom Mutton, a director at the Bank of England, said that programming could become a key feature of […]

Venezuela Debuts New Currency To Tackle Hyperinflation, With 6 Fewer Zeros

CARACAS, Venezuela (AP) — A new currency with six fewer zeros debuts Friday in Venezuela, whose currency has been made nearly worthless by years of the world’s worst inflation. The highest denomination until now was a 1 million bolivar bill that was worth a little less than a quarter as of Thursday. The new currency […]

Yemen: protests in Taiz over currency crisis

Yemenis staged a protest in the southern city of Taiz on Saturday to express their frustration after a plunge in the local currency which led to a surge in prices and shops close. The angry protesters chanted slogans calling for urgent government intervention to stop the currency’s collapse and to provide oil derivatives and basic […]

Salvadorans Reject The Adoption Of Bitcoin As National Currency

Above Photo: Hundreds of Salvadorans took to the streets of El Salvador’s capital on September 7, to protest the adoption of Bitcoin as national currency. Jaime Guevara. Many fear that the volatility of the cryptocurrency will affect their income and purchasing power. They condemned that it is not suitable for small vendors and only benefits […]

US Should Ban China’s Central Bank Digital Currency: Investment Manager Kyle Bass

The communist regime in China is going to use its new state-controlled digital currency as a Trojan horse to project its authoritarianism all over the world, warned hedge fund manager Kyle Bass, and it could become a “cancer” plaguing the United States if it is not banned, he said. “Imagine a currency that almost has […]

‘Currency Wars’, The World Is On The Verge Of An Epochal Monetary Revolution

DAS KAPITAL: ‘Currency Wars’, The World Is On The Verge Of An Epochal Monetary Revolution – By Tuomas Malinen SM  Source – gnseconomics.com “…During the past 100 years central banks have assumed a role in the economy that they were never meant to have. They attempt to direct the economy through interest rate manipulation and […]

The Dollar’s Declining Status as Dominant “Global Reserve Currency” v. the Dollar’s Exchange Rate

Yes, the Fed is a drunken reckless money-printer, and the US government has been high for years on deficit spending, but other major central banks and governments do the same or worse. The long-term trends are clear, however. The global share of US-dollar-denominated exchange reserves ticked up to 59.5% in the first quarter of 2021, […]

The Road to Authoritarianism is Paved with Fiat Currency

Last week, the Federal Reserve announced it will maintain an interest rate target of zero to 0.25 percent for the rest of 2021. The Fed said it will also continue its monthly purchase of 120 billion dollars of Treasury and mortgage-backed securities. Some Fed board members are forecasting a rate increase by late 2022 or […]

Erdogan: Turkey signs new $3.6bn currency swap deal with China

Turkey signed a new $3.6 billion swap agreement with China, increasing the limit on their existing currency arrangement to $6 billion, Turkish President Recep Tayyip Erdogan said yesterday according to Bloomberg. In a statement during a press conference held at Ataturk Airport State Guest House before he departed for Brussels to attend the NATO Leaders’ […]

Switzerland Cancels It’s Currency

Switzerland has cancelled it’s currency. That’s a red flag for what’s going tohappen here when they rob you of your REAL money and turn it into nothingbut virtual digits. Like in Switzerland, you will be warned to put your “real” money in the bankinstead of hiding it or it will be as worthless as blank paper. No […]

Metal Fragments Found To Be Currency In Bronze Age Europe

Archaeologists from Germany and Italy have found convincing proof that people in Late Bronze Age Europe used metal scraps or fragments as a form of money. As excavations throughout Central Europe have revealed, people first began breaking metal objects into smaller pieces in Bronze Age Europe in the early second millennium BC. The practice then accelerated noticeably during […]

WARNING: Central Bank Digital Currency Will Be 100% Trackable Currency

The Financial Times reports: What CBDC [Central Bank Digital Currency] research and experimentation appears to be showing is that it will be nigh on impossible to issue such currencies outside of a comprehensive national digital ID management system. Meaning: CBDCs will likely be tied to personal accounts that include personal data, credit history and other forms […]

Cryptocurrencies Will Benefit the CIA IMO Because They Love a Borderless Currency for Gun Running, Dope Dealing and Child Trafficking Which Are 3 CIA Lucrative Businesses

by Admin · Published April 29, 2021 · Updated April 29, 2021 Bill Gates is a Zionist and MS salesman. He is a billionaire who worked on Bitcoin development. Steve Jobs and Bill Gates worked together getting funding from the CIA Sequioa Bank in Northern California for the First Computer Apple. Apple has back doors […]

AMAZON’S IMPENDING TAKEOVER: The One-Stop Shop for Smart Cities with Digital Currency Control

AMAZON’S IMPENDING TAKEOVER: The One-Stop Shop for Smart Cities with Digital Currency Control Tap News / Weaver April 22, 2021 / 4 Comments This sounds like a dystopian science fiction movie, but unfortunately, it’s already in the works, they are just putting the final touches on their master plan. A “smart city?” The only shop […]

Bank of England Considering Launching a Digital Currency

Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank digital currency, reports Bloomberg. The government and central bank on Monday announced the creation of a task force to coordinate on the possibility of BOE-issued digital money for use by households and businesses.  If approved, the digital currency would “exist alongside […]

Dollar Death Knell: IMF Introduces World Currency

Anthony Migchels: “Henry, something big happened last week: the IMF is going to give out loans in SDR. Special Drawing Rights are their currency. By itself, they’re nothing special, but the IMF has always lent in Dollars. That they are going to print their own currency on a large scale, $650 billion, to begin with, is […]

Crypto Yuan: China Creates its Own Digital Currency

China: The largest open air prison in the world. Via: Wall Street Journal: China’s version of a digital currency is controlled by its central bank, which will issue the new electronic money. It is expected to give China’s government vast new tools to monitor both its economy and its people. Source

US Dollar’s Status as Dominant “Global Reserve Currency” Drops to 25-Year Low

By Wolf Richter for WOLF STREET. Central banks getting nervous about the Fed’s drunken Money Printing and the US Government’s gigantic debt? But still leery of the Chinese renminbi. The global share of US-dollar-denominated exchange reserves dropped to 59.0% in the fourth quarter, according to the IMF’s COFER data released today. This matched the 25-year low of 1995. […]

Syria’s Assad says traders profiting from currency crash will be punished

Syrian President Bashar al-Assad said on Tuesday that traders profiting from the collapse of the Syrian pound, which hit an all-time low this month, would be punished. Is Assad ruining Syria’s economy? – Cartoon [Sabaaneh/MiddleEastMonitor] The fall of the currency, which has rebounded somewhat since hitting 4,000 to the US dollar, has driven up inflation. […]

Ancient Submerged Factory Reveals A Maya Salt Currency

Long-term analysis of a submerged salt plant in Belize has revealed extensive and surprising details about the salt making practices of the great Maya civilization during its Classic Period, which lasted from 250 to 900 AD. In an article appearing in the most recent edition of the Journal of Anthropological Archaeology , Louisiana State University […]

Riot police fire tear gas at protesters as Lebanon’s currency falls to new record low (PHOTOS)

Violent protests erupted across Lebanon on Saturday after the country’s currency plummeted to a new record low, amid an economic crisis that poses the biggest threat to its stability since the 1975-1990 civil war. The Lebanese pound has lost roughly 85 percent of its value in recent months and slid to a record new low […]

Lebanon: Week of protests and unrest as currency falls to record low

Source Authorities have cracked down on protesters taking to the streets, as the Lebanese lira now worth 85 percent less than in late 2019 A man in face mask in the colours of the Lebanese flag stands next to flaming tyres at a make-shift roadblock set up by demonstrators in Dora on the northern outskirts […]

Bankers want a New SystemTo achieve a digital world currency,”a “crisis” must fi…

Bankers want a New SystemTo achieve a digital world currency,”a “crisis” must fi… Henry Makow Bankers want a New System To achieve a digital world currency, “a “crisis” must first be made up so deep, so long and so unbearable that the “solution” with the 3 ingredients would be acceptable (just like the 1913 introduction […]

How Bitcoin went from cowboy currency to commonplace

Gone are the days when the word Bitcoin would conjure images of illicit drug buying on dark web marketplaces — perceptions have shifted. Homes have been put up for sale with a price tag in Bitcoin and with retailers implementing payment systems that allow Bitcoin transactions, DIY gear, fast food and coffees can all be […]

The Coming Currency Reset with Catherine Austin Fitts

Podcast Episodes Originally published on 01/16/21 on Rokfin.com. In this episode, Whitney is joined by Catherine Austin Fitts to discuss the coming economic “great reset” and the plans to introduce a new and truly Orwellian economic system in its aftermath. The plans for that new system, especially the effort to merge identification, economic activity and […]

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