Is the US Following in the Footsteps of Venezuela?

Is the US Following in the Footsteps of Venezuela?

When socialist countries collapse- and they always do- it is always interesting to watch what they do near the end.  All one has to do is open his eyes, and he can see the danger signs. Jeff Berwick, of the Dollar Vigilante, recently traveled to Cracas, Venezuela, to get an accurate account of the shape the country is currently in. Jeff reports Venezuela is now in terrible hyperinflation.  They have actually begun flying in plane loads…

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China Refuses to make its new gold-backed Yuan convertible to or from US Dollars

China Refuses to make its new gold-backed Yuan convertible to or from US Dollars

In a shocking move, likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible to or from US Dollars. _________________________________________________ The new Yuan, which will be gold-backed, will be introduced next Tuesday, April 19, 2016.  China decided to make the Yuan a more reliable currency when the International Monetary Fund (IMF) agreed to add it to the list of world currencies used for Global Reserves and International Trade. China has…

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Feds and Bank of Japan Meet on Monetary Policy

Feds and Bank of Japan Meet on Monetary Policy

Bankers at both the U.S. Federal Reserve and the Bank of Japan (BoJ) met in the last 12 hours (on April 28) to decide where they would take monetary policy next. But, when they sat down to make decisions, they realized their options were limited. There was a lot they wanted to do but little they could do. Japan’s central bank pushed borrowing rates down into negative territory in January, joining its counterparts in the European Union,…

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