Welcome to the Currency War, Part 8: US Issues Variable-Rate Debt
It’s easy to understand the attraction of things like adjustable-rate mortgages and teaser-rate credit cards. They give you cheap money up front and a few
It’s easy to understand the attraction of things like adjustable-rate mortgages and teaser-rate credit cards. They give you cheap money up front and a few
Based on the past few weeks’ stock market action, Japan’s decision to flood the world with yen looks like a raging success. It’s not of
Forget about the fiscal cliff. December’s big story was the ascension of a new leader in Japan whose platform is aggressive inflation: Global Currency Tensions
The Eurozone meltdown has sent capital pouring into (temporarily) safe haven currencies like the US dollar, which rose by nearly 12% between October 2011 and
The euro is down big lately, which is to be expected. Over-indebted countries have traditionally used devaluation to keep their debts from crippling them. The
As everyone knows by now, Greece, Spain and the rest of the PIIGS countries can’t fix their economies because they can’t devalue. If they were
Think of devaluation as the monetary equivalent of the “tragedy of the commons”. In a nutshell, if everyone shares ownership of or has access to
Guest Post by Alasdair Macleod via goldmoney.com
Guest post by Michael Lebowitz from Real Investment Advice: The Bank of England is bailing out U.K. pension funds. The Bank of Japan uses excessive
Originally posted by Michael Maharrey from SchiffGold: On Tuesday (Nov. 15), the New York Federal Reserve announced a 12-week pilot program in partnership with several large commercial
Central bank digital currencies (CBDCs) are coming even faster than many anticipated. The digital yuan is already here. Fed Chair Jay Powell said, “A U.S.
European corporations will flood the courts in a zombi apocalypse, and nation will rise against nation within the eurozone as the streets of Paris repopulate
From Mark E. Jeftovic at Bombthrower.com: The Five Big Takeaways from #Bitcoin2022 Miami Last week was a blur: planes, trains and automobiles from Toronto through
Venezuela has suffered through recurring power outages this year, as money for routine maintenance dries up and power plant employees flee the country (and, okay,
It’s been a long time coming, but Illinois’ slow-mo financial disaster is now front page news. A few recent examples: Roadwork Could Shut Down Across
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