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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Will the US Dollar collapse on April 19?

Will the US Dollar collapse on April 19?

If you follow this blog, or even if you don’t, but you are reading it now… chances are you already know about the emergency IMF meetings at the White House last week, the launching of the new gold-backed Yuan at the Shanghai Gold Exchange next week,  and the Deutsche Bank admitting it manipulated gold and silver prices earlier this week. These may all seem unrelated, but according to macroeconomic researcher Rob Kirby, they are all…

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