Financial News on USA Dollar

The mighty USA dollar, adopted by some countries such as Panama, with other countries (e.g., the BRICS) wanting to de-dollarize. Wikipedia: Dollar, KukaXoco: Invesco US Dollar Bullish Fund, Invesco US Dollar Bearish Fund

• The USA dollar is destined to go lower, just not yet. The path of least resistance for the Dollar Index in the next few months is higher, but the longer-term picture for the currency is still negative.
  - Zero Hedge (locked), 21 October 2025

• Trump's tax/tariff trade wars have undermined the global exchange system for the USA dollar, and weakened the power of the USA dollar (which greatly benefits the USA). Recently 11 nations in the Commonwealth of Independent States, eliminated the dollar as a reserve currency. Other countries, most notably the BRIC nations, are aggressively expanding the use of their own currencies, as reserve currencies and as a medium of exchange. The USA is experiencing a constitutional crisis. We are now dependent on President Trump to negotiate trade agreements with other countries through Executive Orders. That is not what the Founders intended.
  - Real Clear Markets, 20 October 2025

• Gold's share global reserve holdings has risen from 24% at the end of June to 30% currently taking the spot gold price into account. And once gold tops $5,790, it will become the largest reserve asset in the world.
  - Zero Hedge, 19 October 2025

• No one trusts national currencies. Central banks want gold and silver. Large investors. Heavily leveraged brokers. Huge institutions. Regular consumers. Everyone is grabbing as much of the stuff as possible right now. Will there be a correction? Maybe. But this is truly worrisome. It reveals a lack of confidence in our fiat world.
  - Zero Hedge, 18 October 2025

• Trump's $20 billion socialist bailout of Argentina, a serial defaulter on loans, raises the specter of losses for the taxpayers of the USA
  - Ochs-Sulzberger's New York Times, 18 October 2025

• The peso of Argentina drops in value against the USA dollar, desptie a socialist bailout from the USA
  - Buenos Aires Times, 16 October 2025

• People in Argentina sell the peso, betting that the socialist bailout by the USA is doomed to fail. People in Argentina are convinced that even a flood of cash from the USA will not be able to stop another painful devaluation of the peso.
  - Buenos Aires Times, 16 October 2025

• Trump's $20 billion socialist bailout of Argentina (where is the private sector?) draws criticism from fellow Republicans not happy with 'Make Argentina Great Again', especially after Argentina signs a soybean deal with Zhōngguó after the initial agreement with the USA. Other Republicans want to use the $20 billion for health care in the USA, to slightly reduce the USA debt, anything but use the money to help the repeatedly-bankrupt Argentina.
  - HuffPost, 16 October 2025

• Republican Congresswoman Majorie Taylor Green rebukes the Republican Trump for his $20 billion for Argentina. "Americans are getting decimated with high cost of living and skyrocketing insurance costs. Many of them have zero savings and some are maxing out credit cards to survive. ... Tell me how it is America Fist (a Trump slogan) to bailout a foreign country with $20 billion."
  - The Hill, 16 October 2025

• 13 reasons why gold has outperformed stocks since 2000, including: the Fed weakening the dollar, inflation, national debt, gold supply less than demand
  - Real Clear Markets, 16 October 2025

• Trump orders the Treasury Department to buy the pesos of Argentina, and agrees to a $20 billion swap line - a socialist bailout of the repeatedly bankrupt Argentina. [MAGA means Make Argentina Great Again?]
  - Comcast's CNBC, 09 October 2025

• Trump orders the Treasury Department to buy the pesos of Argentina, and agrees to a $20 billion swap line - a socialist bailout of the repeatedly bankrupt Argentina. [MAGA means Make Argentina Great Again?]
  - Zero Hedge, 09 October 2025

• Gold is indicating that the fiat currency experiment is ending globally
  - Zero Hedge, 09 October 2025

• Traders in Bharat begin switching to using the yuan of Zhōngguó for purchases of oil from Rossiya
  - Zero Hedge, 09 October 2025

• The 'debasement' trade pushes the price of silver above $50 for the first time since the 1980s silver squeeze by the Hunt brothers. Also, a shortage of freely available silver in the key London market has supported prices, while also pushing up the cost of borrowing the metal sharply.
  - Zero Hedge, 09 October 2025

• While gold 'screams' debasement of the USA dollar because of inflation, the bond market's best guess at long-term inflation is basically unchanged.
  - Murdoch's Wall Street Journal (locked), 09 October 2025

• The rally in gold prices points to eroding faith in central banks worldwide. In Nihon, as in the USA, a new leader wants the central bank to make government debt more bearable, which could feed inflation.
  - Murdoch's Wall Street Journal (locked), 09 October 2025

• The currency debasement trade: selling currencies such as the dollar, yen and euro, and buying gold and bitcoin
  - Zero Hedge, 08 October 2025

• If bitcoiners/bitcon-ers offer 'rewards' for deposited stablecoins, aren't they ... unregistered banks? How stable can stablecoins be - [one of their false promises] - if the dollar they are linked to continues to decline? Stablecoin providers can't offer interest, [KM: so using the Silicon Valley tactic of getting away with committing a crime by changing the words], they offer "rewards". Coinbase offers a reward of 4.1% - sorry, liars, that is interest of the type offered by banks. [KM: meet the new boss, same as the old boss]
  - Real Clear Markets, 08 October 2025

• The BRICS countries (led by Brazil, Zhōngguó and Bharat) are slowly eroding the dominance of the USA dollar
  - Alibaba's South China Morning Post, 08 October 2025

• Foreign currency reserve managers are falling out of love with the USA dollar
  - Zero Hedge, 07 October 2025

• Wall Street slaughtered on its consensus yen long as traders position for much more losses versus dollar
  - Zero Hedge, 06 October 2025

• "Not one market moved notably on the USA government shut down news... except for one" - bitcoin. The USA dollar index barely budged on the shutdown news. The Swiss franc strengthened slightly, and the yen as well. Treasury Bond prices moved imperceptibly higher.
  - Zero Hedge (locked), 05 October 2025

• The stablecoin market boom to $300 billion is 'rocket fuel' for cryptocurrency rally. The $300 billion record stablecoin supply may act as 'rocket fuel' for the cryptocurrency market, while signaling a growing integration/infection with global finance.
  - Zero Hedge, 05 October 2025

• Visa is opening its cross-border real-time payments network, Visa Direct, to a stablecoin prefunding pilot that will allow companies to move money to accounts in different countries instantaneously, even when banks are closed.
  - American Banker, 02 October 2025

• Countries in the Asia/Pacific region are rewriting terms of trade from the USA dollar to the yuan of Zhōngguó, as one countermeasure to Trump's tax/tariff trade wars
  - Alibaba's South China Morning Post, 02 October 2025

• Due to Trump's tax/tariff trade wars, the USA dollar is losing its 'convenience yield'. The convenience yield measures the difference in yield between a 'synthetic' Treasury not constructed by investing in Bunds plus swaps and simply buying a Treasury note. The yield is currently negative, for the first time in 30 years, meaning that owning the actual Treasury (the real thing) pays a higher yield than owning a synthetic 'fake' Treasury. If Treasuries are the world's reserve asset, people should want to hold Treasuries outright rather than some synthetic version.
  - Klement on Investing, 01 October 2025

• The rupee of Bharat declines for the fifth month as rising trade tensions with the USA hurts the economy. Washington's 50% punitive tariffs on Indian goods and the hike in H-1B visa fees, which is expected to hit India harder than any other country, have driven foreign investors to pull money out of equities.
  - Thomson's Reuters, 01 October 2025

• Do we really want to trust cryptocurrency interests with the future of money?
  - Ochs-Sulzberger's New York Times, 29 September 2025

• Banks in Europe to launch a euro-based stablecoin in bid to counter dominance by the USA
  - Thomson's Reuters, 25 September 2025

• The CFTC plans to allow stablecoins as collateral in derivatives markets
  - Zero Hedge, 24 September 2025

• Agent payments are about to revolutionize global financial infrastructure. Coinbase, Google and numerous others have teamed up to build payment rails that allow Autonomous AI Agents (Agents) to instantly transact at vast scale, without the need for banks, using stablecoins on blockchain rails.
  - Zero Hedge, 22 September 2025

• Goldman Sachs trader: there is a sense that money is losing value anyway, so best to use it now than hold it. "We are not trading fundamentals anymore. We are trading liquidity, positioning, and the tape. Technicals are working."
  - Zero Hedge, 21 September 2025

• Following his government's resounding loss in local elections - seen as a harbinger of next month's congressional races - Argentine President Milei is facing a renewed crisis as the embattled South American country's currency is collapsing amid fears that he will scrap his defense of the peso (which has already cost hundreds of millions of dollars) and let it plunge as so many of his predecessors have done.
  - Zero Hedge, 21 September 2025

• No other physical commodity comes close to gold's low supply growth rate and resistance to debasement
  - Zero Hedge, 17 September 2025

• The value of the offshore yuan strengthens further against USA dollar as interest rate reductions loom. The offshore currency breached a rate of 7.1 against the USA dollar as an expected interest rate reduction from the Federal Reserve approaches.
  - Alibaba's South China Morning Post, 17 September 2025

• Debates abour the dollar, and the winning end-game for gold. I see a dollar being slowly but deliberately re-priced (rather than immediately de-levered) in a backdrop where its role relative to other currencies maintains some supremacy but far less hegemony.
  - Von Greyerz Gold, 14 September 2025

• Tether plans to launch a new stablecoin based in the USA, which could further undermine the USA dollar
  - Thomson's Reuters, 12 September 2025

• Jeremy Siegel, a Wharton Business School professor and the chief economist at the investment management firm WisdomTree, stated to CNBC that stablecoins and bitcoin may turn out to be a serious competitor to the USA dollar as the world's reserve currency. [KM: the rich, especially the Trump's must get richer, even if it wrecks the USA dollar and economy.]
  - The Street, 09 September 2025

• "A clear defeat": government bonds and the peso of Argentina plunge after President Milei routed in Buenos Aires elections (the leftist Peronistas won 47% of the vote, Milei's Libertad Avanza won 34%). Dollar notes due 2035, among the most traded, slid 5.56 cents to 56.09, pushing yields to 12.6% and leading losses across emerging markets. "The government engineered a sharp recession with high rates to defend the peso, but Buenos Aires voters are saying jobs matter more than squeezing out the last bit of inflation.".
  - Zero Hedge, 08 September 2025

• Why Morgan Stanley predicts that the bear market for the USA dollar is not over, and in fact, the decline is barely halfway through
  - Zero Hedge, 07 September 2025

• The foreign currency reserves of Zhōngguó rise by $30 billion (to $3.3 trillion) in August, while the central bank continues to increase its holdings of gold (now up to 74 million ounces)
  - Global Times, 07 September 2025

• The yuan of Zhōngguó rallies with central bank backing as worries mount over the USA dollar
  - Alibaba's South China Morning Post, 06 September 2025

• Stablecoins are entering a new phase, shifting from simple payment rails to yield-bearing, user-centric financial instruments, a threat to banks
  - Benzinga, 05 September 2025

• Gold prices rise to a new record high on a weaker USA dollar and expectations of a USA interest rate reduction by the Fed
  - Warner Brothers CNN, 02 September 2025

• Dow futures tumble 400 points to start September amid new tariff uncertainty, rising Treasury Bond yields
  - Warner Brothers CNN, 02 September 2025

• The yuan could strengthen to 7 per USA dollar, as the Federal Reserve sends dovish signals. The yuan is already rising against the US dollar and will receive another boost if the Federal Reserve cuts interest rates.
  - Alibaba's South China Morning Post, 01 September 2025

• Hedge funds are buying more options that assume the yuan will strengthen to 7 per USA dollar, as the Federal Reserve sends dovish signals. The yuan is already rising against the US dollar and will receive another boost if the Federal Reserve cuts interest rates.
  - Alibaba's South China Morning Post, 01 September 2025

• Gold advocate Peter Schiff: gold will rise to $6000 in 2026, while the USA Dollar Index will decline to 70. Silver prices and gold/silver mining stock prices will rise as well. Meanwhile he argues that bitcoin is not 'digital gold'. "Bitcoin is in a full-blown correction, maybe on its way to a bear market, while gold is at new record highs. So how does that qualify Bitcoin as some digital version of gold when it does not trade anything like gold?"
  - Zero Hedge, 31 August 2025

• $300,000,000,000+ - Money launderers based in Zhōngguó appear to have moved over $300 billion in illicit transactions through banks and other financial institutions in the USA in recent years, ato aid Mexican drug cartels and other criminals. Apparently it could cost too much of these bank's/institution's profits to create systems to stop the money laundering.
  - Murdoch's Wall Street Journal (locked), 29 August 2025

• "In a nightmare": mostly non-white Bharat braces for big layoffs as the country's begins to suffer from the white Trump's 50% taxes/tariffs (which Trump is not imposing on other, whiter countries). From textile factories to shrimp peeling units, hundreds of thousands of workers could lose jobs.
  - Al Jazeera, 28 August 2025

• The rupee plunges to all-time low on huge 50% taxes/tariffs imposed by Trump on Bharat, the 4th month of such declines
  - Thomson's Reuters, 28 August 2025

• Excessive money supply growth creates secular stagnation. ... the reality is that we live in a world where the economic impact of new units of currency (socialist moneyprinting by central banks) is diminishing and generating negative results in many cases.
  - Zero Hedge, 26 August 2025

• A Citi bank executive warns stablecoin yields could drain bank deposits. Citi's Ronit Ghose warned that paying interest on stablecoin holdings could trigger bank outflows akin to the 1980s, driving up funding costs and credit prices.
  - CoinTelegraph, 25 August 2025

• Central banks do not prevent financial crises or control inflation. Independence vanished when central banks abandoned or ignored price stability, blaming inflation on various absurdities instead of government spending and money supply growth.
  - Zero Hedge, 12 August 2025

• Zhōngguó has passed another milestone in its efforts to promote the global use of its currency, with the Australian metals giant Fortescue agreeing to borrow a record 14.2 billion yuan (US$1.98 billion) in a syndicated loan agreement arranged by one of the biggest state-owned banks in Zhōngguó
  - Alibaba's South China Morning Post, 12 August 2025

• Rebounds in the value of the USA dollar will be occuring fewer times. The dollar's primary trend will be lower for longer as the speculative short positioning has been covered, while the fiscal outlook for the US will deteriorate further as the economy slows.
  - Zero Hedge, 11 August 2025

• The idiocy of Trump's tax/tariff trade war: Trump wants more foreign investments made into the USA to reduce trade deficits. But that requires foreign investors to buy USA dollars, pushing up the value of the dollar. A stronger dollar, in turn, weighs on exports by making them more expensive overseas. All else being equal, that leads to a wider trade deficit.
  - Ochs-Sulzberger's New York Times, 11 August 2025

• Any new financial market collapse could come at the hands of cryptocurrency and/or stablecoins, which have in many ways become an essentially unregulated $4 trillion slush-y money market fund reminiscent of 2008
  - QTR's Fringe Finance (substack), 10 August 2025

• Countries in Africa have an ambitious plan to establish a 'non-circulating' currency backed by critical minerals. This would allow Africa to reduce its dependence on the USA dollar, and reduce its dependence on loans from the West.
  - Zero Hedge, 10 August 2025

• Cryptocurrencies are so deeply embedded into modern financial systems that it bitcoin ever implodes after reaching true institutional scale, it could spark a global liquidity crisis, shake faith in U.S. financial judgment, and potentially accelerate the erosion of American economic dominance.
  - Zero Hedge, 08 August 2025

• Trump nominates a top economic advisor/puppet to join the Fed's Board of Governors
  - Ochs-Sulzberger's New York Times, 08 August 2025

• Why Trump's Federal Reserve nomination is raising alarm over the central bank's independence. The nominee Stephen Miran wants sweeping reforms to the and a long-term strategy that weakens the USA dollar to reduce the trade deficit of the USA.
  - Alibaba's South China Morning Post, 08 August 2025

• Why Trump's Federal Reserve nomination is raising alarm over the central bank's independence. The nominee Stephen Miran wants sweeping reforms to the and a long-term strategy that weakens the USA dollar to reduce the trade deficit of the USA.
  - Comcast's CNBC, 08 August 2025

• Trump's encouraging for a weaker USA dollar is bad economic policy - which ignores knock-on and secondary effects - the nonlinear dynamics of any economy.
  - Cato Institute, 05 August 2025

• Can stablecoins save the USA dollar - ot just delay its collapse. Tether could be thought of as the "retail eurodollar" (eurodollars are basically offshore dollars) for the digital age. Tether gives anyone with a smartphone instant, global access to digital USA dollars. Today, stablecoins already settle more value than Visa. Whether people realize it or not, this is the future of dollar payments for billions of people.
  - Zero Hedge, 31 July 2025

• PayPal expands cryptocurrency payments for merchants in the USA to lower cross-border fees
  - Silicon Angle, 28 July 2025

• The euro declines in value against the USA dollar, as the recent trade deal between the USA and Europe creates fears that it will significantly hurt the economy of the USA
  - Zero Hedge, 28 July 2025

• The yuan of Zhōngguó is reshaping international finance - but stablecoins backed by the USA dollar are seen as a threat to the yuan's success
  - Alibaba's South China Morning Post, 28 July 2025

• The priesthood of the Federal Reserve is facing its FAFO moment (if you Fuck Around, you will Find Out). Many new financial opportunities (such as cryptocurrencies) are forcing people to learn more about the insane world of central banking, open market operations, CPI manipulation, and why the "2% inflation target" is just a polite way of saying "we are slowly robbing you".
  - Zero Hedge, 26 July 2025

• Defending the supremacy of the USA dollar may be the next phase of the trade war between the USA and Zhōngguó
  - Zero Hedge, 24 July 2025

• The rise of stablecoins and the signing of the Genius Act sets the stage for a steeper yield curve, wider swap spreads and higher inflation. But it will make rich moneychangers richer.
  - Zero Hedge, 24 July 2025

• Stock prices rise and the euro increases versus the USA dollar, and gold declines, on reports that the USA and the EU will sign a tax/tariff deal imposing tax/tariffs at 15% on imports to the USA
  - Zero Hedge, 23 July 2025

• The USA dollar is under pressure in comparison to the yen, after the USA and Nihon sign a trade deal
  - Thomson's Reuters, 22 July 2025

• The declining value of the USA dollar in Costa Rica is financially hurting local industries such as tourism and agriculture, while forcing the increase of the price of many products
  - Tico Times, 21 July 2025

• A top trader at Goldman Sachs: a weaker USA dollar is good for Mag7 BigTech stocks
  - Zero Hedge (locked), 20 July 2025

• Emerging-market borrowers are borrowing more in the euro bond market at the fastest pace in over a decade, taking advantage of the rising demand for diversification away from the USA dollar, thanks to Trump's tax/tariff trade wars and hostility.
  - Bloomberg, 20 July 2025

• The market cap of Tether's USDt, the world's largest stablecoin, has surpassed $160 billion for the first time
  - CoinTelegraph, 17 July 2025

• XRP is about to hit $200B market cap for first time; price nears record
  - CoinTelegraph, 17 July 2025

• Zhōngguó will use economic transactions in Africa as a 'launchpad' for global use of the yuan. Multiple countries in Africa have made deals to consider or use the yuan for trade and financial transactions.
  - Alibaba's South China Morning Post, 16 July 2025

• As the USA dollar declines in value, investors increase the demand for the Swiss Franc
  - Zero Hedge, 14 July 2025

• The USA dollar is weakening because other countries are moving away from global financial transaction systems (such as SWIFT) that rely on the dollar, in part because many countries are upset with the USA's authoritarian actions against them. Blockchain technology and government cryptocurrency systems are making it easier to much more rapidly abandon the dollar.
  - Ochs-Sulzberger's New York Times, 12 July 2025

• The authoritarian Trump continues to demand that the Fed lower interest rates. While this could push down short-term interest rates, it could push up long-term (10-year+ Treasury Bonds) (not good for the USA's huge debt) while pushing down the dollar
  - Barron's, 12 July 2025

• The USA dollar is losing its popularity for investors in Zhōngguó, creating more investment opportunities for the yuan, such as currency swaps
  - Bloomberg, 11 July 2025

• The USA needs a weaker dollar to boost exports without undermining global appetite for USA Treasury Bonds. Stablecoins make that balancing act possible. The criminalization of the USA national debt.
  - Zero Hedge, 10 July 2025

• With trust lacking in cryptocurrencies (ironic, huh!, because cryptocurrencies were invented to increase trust), central bank digital coins might dominate
  - Real Clear Markets, 09 July 2025

• BNY Mellon will have custody of Ripple's new stablecoin as big banks and financial institutions become more involved with cryptocurrencies
  - Comcast's CNBC, 09 July 2025

• Trump is single-handedly destroying the 'exorbitant privilege' of the USA.
  - Alibaba's South China Morning Post, 08 July 2025

• The decline in the USA dollar against foreign currencies, in the first half of 2025, could be the worst in over 50 years
  - Comcast's CNBC, 07 July 2025

• Why some investors and economists believe that the drop in value of the USA dollar is a sign that the USA is losing its financial power in the global economy
  - NPR, 07 July 2025

• The USA is stuck near multi-year lows as everyone waits for Trump's new taxes/tariffs next week
  - Thomson's Reuters, 06 July 2025

• Legislators in Texas approve gold and silver as legal tender
  - Schiff Gold, 05 July 2025

• Dólar cae a mílnimos: ¿por qué el peso de Colombia es la moneda emergente más fuerte del mundo esta semana? El peso colombiano encontró apoyo en su alta tasa de interé, una de las m´s elevadas de América Latina.
  - El Colombiano, 05 July 2025

• Thanks to Trump tax/tariff trade wars, and insults of other countries, analysts at Societe Generale argue that de-dollarization will continue which will favor financial assets in Asia
  - Alibaba's South China Morning Post, 04 July 2025

• The USA dollar is expected in 2025 to los3 the most value in history, already down 7% against a group of other currencies
  - Semafor, 03 July 2025

• The foreign exchange reserves of Bharat have risen above $700 billion, giving the central bank more resources to protect the value of the rupee
  - Thomson's Reuters, 03 July 2025

• One way Trump intends to seize control of the independent Federal Reserve. The Treasury Department will fund more of the national debt with sales of short-term Treasury Bonds, pushing up yields for long-term Treasury Bonds and further weakening the USA dollar.
  - Zero Hedge (locked), 03 July 2025

• After the UK Finance Minister, Rachel Reeves, is seen crying in Parliament (for some reason), UK bond yields rise and the British pound loses value compared to the USA dollar and euro
  - Comcast's CNBC, 03 July 2025

• UK bond yields rise and the British pound loses value compared to the USA dollar and euro, after the UK government announces that will not implement a plan to reduce welfare spending
  - Comcast's CNBC, 03 July 2025

• The yuan is predicted to keeping increasing in value against the USA dollar, due to a good economy in Zhōngguó and fears of an out-of-control USA national debt
  - Alibaba's South China Morning Post, 02 July 2025

• The USA dollar crashes to the worst performance for the first half of the year, since the 1970s, as stocks soar to the best quarter since Q1 2023
  - Zero Hedge, 30 June 2025

• Stablecoins are now the "default settlement layer for the internet", surpassing Visa and Mastercard in onchain transaction volume
  - Zero Hedge, 30 June 2025

• Central banks rush to buy gold as fears mount of a USA dollar crisis
  - Alibaba's South China Morning Post, 28 June 2025

• Stocks are at all-time highs, the USA dollar is declining, and the negative effects of Trump's taxes/tariffs have not hurt the economy yet. So why should the Fed reduce interest rates?
  - Barron's, 28 June 2025

• A new factor to disrupt the AI bubble: a declining USA dollar. For many Big Tech comnpanies, the majority of their income is from outside the USA (Facebook earns about 63% of its income outside the USA). A weakening dollar either reduces these companies net earnings in dollars (sending down their stock prices) or forces them to raise their prices, decreasing demand outside the USA which can have a similar effect.
  - Barron's, 28 June 2025

• Commodity trading advisors (CTAs) are buying bonds, stocks, and gold, while selling USA dollars
  - Zero Hedge, 27 June 2025

• The Canadian dollar declines as Trump suddenly "terminates" all trade talks with Canada, and threatens new taxes/tariffs on imports from Canada
  - Zero Hedge, 27 June 2025

• The euro is poised for best run since 2017 as the dollar's slump continues
  - Bloomberg, 27 June 2025

• The USA dollar is likely to further decline in price if odds rise of the Fed reducing interest rates in July
  - Murdoch's Wall Street Journal (locked), 27 June 2025

• The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed's 2% target. The release comes as investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year. The "core" Personal Consumption Expenditures index, which removes food and energy costs and is closely watched by the central bank, rose 2.7% on an annual basis, above the 2.6% economists had expected and higher than the 2.6% seen in April. The April reading was revised higher to 2.6% from an originally reported 2.5% increase.
  - Apollo Global's Yahoo Finance, 27 June 2025

• The latest reading of the Federal Reserve's preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed's 2% target. The release comes as investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year. The "core" Personal Consumption Expenditures index, which removes food and energy costs and is closely watched by the central bank, rose 2.7% on an annual basis, above the 2.6% economists had expected and higher than the 2.6% seen in April. The April reading was revised higher to 2.6% from an originally reported 2.5% increase.
  - Ochs-Sulzberger's New York Times, 27 June 2025

• TSMC just fired a $10 billion warning shot at the currency markets, announcing that it is going to issue $10 billion of stock outside of Taiwan. TSMC earns in USD, but its cost base is largely in Taiwan dollars and when the latter strengthens (as it is doing now), profitability compresses. A capital injection like this makes it easier to manage new and existing hedges when market conditions get rough.
  - GuruGFocus, 26 June 2025

• Market liquidity is quietly deteriorating. Bid-ask spreads are widening in places that used to be tight. Treasury auctions are growing more volatile and trading volumes in key segments are thinning out. It has not yet shown up in the VIX or mainstream coverage, however, the structural cracks are there. Central bank liquidity like reserves and policy moves is only one side of the equation. The other side is private market liquidity, and that depends on functioning intermediation. Once both are under pressure, the entire system becomes vulnerable, even if prices still seem relatively stable.
  - Zero Hedge, 26 June 2025

• Shares of stocks around the world hit their third record high in three days on Thursday while the USA dollar sank to its lowest level in more than three years, amid growing market concerns about the Federal Reserve's independence in light of Trump's interference.
  - Murdoch's MarketWatch, 26 June 2025

• The Bank of International Settlements argue that stablecoins fail as money, and calls for strict limits on their uses in the economy
  - Zero Hedge, 25 June 2025

• The big loser from the "Genius Act" is $156 billion cryptocurrency giant Tether. A bill laying out rules for stablecoins would force issuers like Tether to be audited and end risky practices.
  - Murdoch's Wall Street Journal (locked), 25 June 2025

• Trump's taxes/tariffs were supposed to strengthen the USA dollar. So why is the dollar the weakest it has been in three years?
  - Warner Brothers CNN, 25 June 2025

• The yuan currency of Zhōngguó is set to benefit as central banks report doubts about the USA dollar. Survey of central banks shows concern over long-term viability of USA dollar, but not enough for the yuan or other currencies to supplant it.
  - Alibaba's South China Morning Post, 24 June 2025

• The dollar-yen ratio poised to test 150, option positioning shows as a rout looms of the ruling LDP party in July elections. Among higher-than-spot strikes, the largest notional interest this month is at 152, with roughly $1 billion in volume. Interest is also clustered at the 150 and 160 strikes, underscoring latent bullish positioning.
  - Zero Hedge, 23 June 2025

• Over the first half of the year, the Bloomberg Dollar Index has fallen nearly 8.5 percent, marking one of the sharpest declines since the mid-1980s. This while de-dollarization efforts around the world increase.
  - Zero Hedge, 23 June 2025

• Oil prices crash, stock prices soar, gold and bitcoin prices rise - as a muted 'scripted' retaliation by Iran against USA military bases gladdens markets
  - Zero Hedge, 23 June 2025

• "In a world of deeply indebted nations, it is hard to pick which currency will suck the worst." The real trade is to borrow these depreciating pieces of paper, irrespective of which sovereign prints them, and exchange that currency for assets that are truly scarce.
  - Zero Hedge, 23 June 2025

• Israel's attacks on Iran gave the USA dollar a boost after a long stretch of trouble. But the long-run prospects for the dollar do not look good.
  - Murdoch's Wall Street Journal (locked), 21 June 2025

• $10,000,000 - Walmart to pay $10 million to settle a lawsuit with FTC over money transfer fraud. The FTC accused Walmart of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars.
  - Thomson's Reuters, 20 June 2025

• Over 200 central banks have reportedly sold $48 billion in USA Treasury Bonds, amid concerns about the stability of the USA dollar under Trump's erratic economic policies
  - Benzinga, 20 June 2025

• Aiming at the USA dollar, Zhōngguó makes an argument for its currency. The leader of the central bank of Zhōngguó made a clear though indirect critique of the USA dollar's role as the main currency of the world.
  - Ochs-Sulzberger's New York Times, 19 June 2025

• Zhōngguó's cross-border payment system spreads across Africa and Asia, amid the USA trade war with the world
  - Alibaba's South China Morning Post, 19 June 2025

• Bitcoin will never circulate as money, but stablecoins sponsored by Amazon and Walmart will be as useful as money.
  - Real Clear Markets, 18 June 2025

• Gold accounted for 20% of global official reserves last year, surpassing for the first time the euro's 16%, and second only to the US dollar at 46%
  - Zero Hedge, 17 June 2025

• "The biggest 'pain' trade is being long the USA dollar": the latest fund manager survey finds that everyone is show the USA dollar
  - Zero Hedge, 17 June 2025

• The GENIUS proposed law, , will cause economic chaos as it undermines the USA dollar
  - Ochs-Sulzberger's New York Times, 17 June 2025

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  - Apollo Global's Yahoo Finance, 17 June 2025

• Gold prices have surged 30% so far in 2025, outpacing the yen, Swiss franc, and USA Treasurys Bonds. At the heart of the appeal of gold is its freedom from government liabilities.
  - Comcast's CNBC, 17 June 2025

• Monitor these USA Dollar Index price levels after recent drop to 3-year low
  - Investopedia, 16 June 2025

• It is hard to disagree with Paul Tudor Jone's prediction on the decline of the USA dollar. Shorting the USA dollar has become a consensus trade.
  - Zero Hedge, 13 June 2025

• The fixing rate of the yuan rises to a 2-month high as the value of the dollar declines. With the US dollar sagging, the central bank of Zhōngguó has strengthened the midpoint rate for the yuan in recent days.
  - Alibaba's South China Morning Post, 13 June 2025

• Why the dollar could be headed for a 'breakdown' as it touches a 3-year low. Technical indicators are pointing toward more pain ahead, but scope for a rebound remains.
  - Murdoch's MarketWatch, 12 June 2025

• The central bank of Bharat plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods
  - Thomson's Reuters, 11 June 2025

• After a moderate CPI report on inflation is issued, odds that the Fed will have two interest rates reductions of 0.25%, stocks rise, bond yields fall, USA dollar declines, gold increases
  - Zero Hedge, 11 June 2025

• Gold us now the world's second largest reserve asset (pushing the euro down to third), after the USA dollar, but the demand from central banks to buy gold is waning. Gold in particular is seen providing long-term value and resilience through volatility, and central banks now account for more than 20% of its global demand, up from around one-tenth in the 2010s.
  - Comcast's CNBC, 11 June 2025

• Economies in Asia are more quickly shifting away from reliance on the USA dollar
  - Comcast's CNBC, 11 June 2025

• Tough trade talks could lead Zhōngguó to threaten de-dollarization or sell USA Treasury Bonds (it owns about $1 trillion) to gain concessions from Washington.
  - Zero Hedge, 08 June 2025

• The end of the use of the American penny says something unfortunate about our economy. The 1-cent piece is an important barometer of monetary health.
  - Murdoch's Wall Street Journal (locked), 05 June 2025

• Treasury Bond yields and the USA dollar decline, as 'bad' jobs data sparks a surge in hopes that the Fed will reduce interest rates
  - Zero Hedge, 04 June 2025

• Treasury Bond yields and the USA dollar decline, as 'bad' jobs data sparks a surge in hopes that the Fed will reduce interest rates
  - Murdoch's Wall Street Journal (locked), 04 June 2025

• Treasury Bond yields and the USA dollar decline, as 'bad' jobs data sparks a surge in hopes that the Fed will reduce interest rates
  - Bloomberg, 04 June 2025

• Dollar to decline further on risks to the federal budget, economic growth and trade wars caused by Trump
  - Thomson's Reuters, 04 June 2025

• Elon Musk is on a national debt crusade after slamming Trump's tax/spending proposed law that makes the rich richer: Jamie Dimon, Jay Powell, Ray Dalio, and Warren Buffett have all echoed the Musk's concerns (though with much more credibility than the socialist subsidy 'queen' Musk).
  - Jiaravanon's Fortune, 04 June 2025

• Global investors have a new reason to reduce their purchases of USA Treasury Bonds. After hedging currency risk, foreign investors no longer make money buying America bonds that support America's great level of debt.
  - Murdoch's Wall Street Journal (locked), 04 June 2025

• Is Asia reducing its dependance on the USA dollar? The yuan of Zhōngguó, gold and bitcoin are facilitating efforts for de-dollarization, signalling a monetary shift towards a multipolar monetary system.
  - Alibaba's South China Morning Post, 30 May 2025

• The lowest rung of junk bonds, the CCC tier, are flashing warnings that the US economy could soon face slower growth and higher inflation, as well as the possibility of a recession. Risk premiums on junk bonds rated in the CCC tier have widened 1.56 percentage points this year, and 0.4 percentage point in the latest week. The gap between spreads on CCCs and the next tier above them, Bs, has been widening this year and in the last two weeks, signaling that the weakest bonds are lagging.
  - Bloomberg, 24 May 2025

• There is a "buyer's strike" on USA financial assets as foreigner investors cannot tolerate high USA national deficits anymore, at the same time that the USA dollar is weakening. Trump's desire for a new tax law that greatly increases the debt of the USA is making things worse.
  - Jiaravanon's Fortune, 24 May 2025

• Big banks explore venturing into the cryptocurrency world, together, with a joint stablecoin. Discussions involve companies co-owned by JPMorgan and others, as lenders brace for the possibility that stablecoins could siphon away deposits and transactions.
  - Murdoch's Wall Street Journal (locked), 24 May 2025

• The USA dollar crashes to an 18-month low after Trump's latest tax/tariff threats against Europe and Apple, while bitcoin and gold hit record highs
  - Zero Hedge, 23 May 2025

• Analyst John Rubino says that the world is in "the 3rd inning of the global currency death spiral", and predicts the price of gold will rise over $10,000. "If the Federal Reserve can't control interest rates, we are monumentally screwed as a financial system.", as the national debt of the USA spirals out of control.
  - Zero Hedge, 23 May 2025

• USA dollar withdrawal: the European Central Bank warns of a dollar shortage. Much of the EU's foreign trade depends on access to the reserve currency. If this tap runs dry, supply chains could rupture, and transatlantic trade may partially grind to a halt.
  - Zero Hedge, 23 May 2025

• The USA dollar is expected to end a 4-week increase, due to worries about the increasingly large national debt of the USA
  - Thomson's Reuters, 22 May 2025

• Deutsche Bank outlines stablecoin's role in ensuring the supremacy of the USA dollar
  - Zero Hedge, 19 May 2025

• Former Labor Secretary Robert Reich said that when global investors, including Americans, started selling USA Treasury Bonds and moving away from using the USA dollar, after Trump's taxes/tariffs were announced, the standing in the world of the USA may have declined.
  - Comcast's CNBC, 19 May 2025

• Gold advanced as the dollar pushed lower after the latest US inflation data offered support for odds that the Fed will reduce interest rates this year.
  - Bloomberg, 13 May 2025

• The central bank of Zhōngguó reduces an important interest rate (the commercial bank lending rates) from 0.25% to 1.25%, as Trump's tax/tariff trade war threatens the economy
  - Associated Press, 06 May 2025

• The central bank of Zhōngguó reduces an important interest rate (the commercial bank lending rates) from 0.25% to 1.25%, as Trump's tax/tariff trade war threatens the economy
  - Associated Press, 06 May 2025

• The central bank of Zhōngguó reduces an important interest rate (the commercial bank lending rates) from 0.25% to 1.25%, as Trump's tax/tariff trade war threatens the economy
  - Ochs-Sulzberger's New York Times, 06 May 2025

• The central bank of Taiwan has denied speculation that the USA asked Taiwan to lift the value of the Taiwan dollar, convening an emergency meeting to urge calm after the currency resumed a blistering rally on Monday.
  - Murdoch's Wall Street Journal (locked), 06 May 2025

• Zhōngguó is avoiding, for now, a "disruptive" de-dollarization despite Trump's tax/tariff trade war, with minimal selling of USA Treasury Bonds. For now.
  - Alibaba's South China Morning Post, 06 May 2025

• The declining USA dollar, declining much in part to Trump's taxes/tariffs. The policy path being pursued today may result in some improved bilateral business opportunities. But those gains will be offset by damage, which will flow through to consumers and businesses, potentially for years to come, in the form of relatively higher prices and interest rates.
  - Ochs-Sulzberger's New York Times, 05 May 2025

• Gold prices rise 3% amid risk due to Trump's trade wars, as traders await a Fed decision on interest rates later this week.
  - Bloomberg, 05 May 2025

• Gold rises in price, the USA dollar is at October lows, crude oil prices crushed, as stocks decline ending a long winning streak
  - Zero Hedge, 05 May 2025

• Tether AI platform to support bitcoin and USDT payments
  - Zero Hedge, 05 May 2025

• The offshore yuan jumps to 6-month high as a rollback is likely of Trump's taxes/tariffs on imports from Zhōngguó. Trump's weaponization of taxes/tariffs casts doubt on US asset safety, and some say this makes yuan assets more attractive.
  - Alibaba's South China Morning Post, 05 May 2025

• Why traders in Africa are looking beyond the USA dollar to the yuan of Zhōngguó. Buyers and sellers in Africa doing favor doing business with the yuan as geopolitical tensions heat up.
  - Alibaba's South China Morning Post, 04 May 2025

• With an increasing skepticism toward fiat currencies and a rising interest in decentralized assets like bitcoin, the USA could consider a new monetary system backed by bitcoin
  - Zero Hedge, 03 May 2025

• Stablecoins on track for $2 trillion market capitalization by 2028, predicts the USA Treasury. Stablecoin adoption could accelerate global demand for US Treasury bills, the Treasury predicted.
  - Zero Hedge, 02 May 2025

• A fair value estimates imply that the dollar is ~9% overvalued on a DXY basis, and ~13% on a trade-weighted basis
  - Zero Hedge, 01 May 2025

• Tether plans a USA stablecoin launch as soon as this year
  - Zero Hedge, 01 May 2025

• "Cash is king": Mark Mobius says his funds hold 95% cash
  - Zero Hedge, 01 May 2025

• Gold prices decline on a stronger USA dollar as Trump offers a reprieve on taxes/tariffs on auto imports
  - Bloomberg, 29 April 2025

• The collapse of the USA dollar: the crisis is no longer just theoretical. Since its recent peak in January, the widely followed DXY dollar index has fallen quickly to a three-year low. Even as Trump's chaotic tariff policy has raised the risk of a global trade war and generated a dramatic surge in global policy uncertainty and market volatility, the USA dollar has weakened.
  - The Hill, 28 April 2025

• Gold-backed versus Dollar-backed stablecoins. While gold-backed stablecoins present a compelling alternative, the battle for dominance between gold and USD-pegged stablecoins remains ongoing, influenced by geopolitical factors, financial policies, and market demand.
  - Zero Hedge, 22 April 2025

• Copper rises to a two-week high as a weak USA dollar boosts metal prices
  - Bloomberg, 22 April 2025

• Zhōngguó plans to launch a payment system, the Cross-Border Interbank Payment System, as an alternative to the SWIFT system controlled by the USA and based on the USA dollar.
  - Alibaba's South China Morning Post, 22 April 2025

• The USA Dollar: death crossed and deeply oversold
  - Zero Hedge, 21 April 2025

• Who will pay the price for Trump's economic policies? Slash the trade deficit and the net inflow of foreign money dries up. This will hit share prices and raise the cost of borrowing for companies.
  - Murdoch's Wall Street Journal (locked), 21 April 2025

• Trump's demand for "pre-emptive interest rate cuts" by the Federal Reserve, which will doom the USA dollar if Trump channels similar disastrous actions of President Nixon in the 1970s
  - Zero Hedge, 21 April 2025

• The USA dollar crashes, gold spikes higher, and bitcoin suddenly spikes, all due to Trump threatening Fed Chair Powell
  - Zero Hedge, 21 April 2025

• As the Dow drops another 1000 points on Monday morning (about 3%, SP500/Nasdaw down more than 3%) and gold rises about $3400, Trump increases his attacks on Fed Chair Powell, and demands that the "major loser" Powell lower interest rates "now" (which typically pumps up stocks, which Trump desperately needs right now)
  - Comcast's CNBC, 21 April 2025

• As the Dow drops another 1000 points on Monday morning (about 3%, SP500/Nasdaw down more than 3%) and gold rises about $3400, Trump increases his attacks on Fed Chair Powell, and demands that the "major loser" Powell lower interest rates "now" (which typically pumps up stocks, which Trump desperately needs right now)
  - Murdoch's Wall Street Journal (locked), 21 April 2025

• The USA dollar falls to three-year low (and gold rises above $3400) as Trump's threats against Fed Chair Powell further worsen the confidence of investors in the USA
  - Comcast's CNBC, 21 April 2025

• Gold surges to a record above $3,400 as Trump threatens the independence of the Federal Reserve, which would destroy investor confidence in the USA
  - Comcast's CNBC, 21 April 2025

• Central banks are turning to gold, as two global safe financial havens - the USA dollar and USA Treasury Bonds - are losing credibility due to Trump's economic policies
  - Zero Hedge, 20 April 2025

• Zhōngguó has a secret weapon in its tax/tariff trade war with Trump and the USA - the renminbi. Borrowing an idea from Rossiya, Zhōngguó should require 'unfriendly' countries such as the USA use the currency of Zhōngguó for trade transactions. The mandatory use of the renminbi to settle bilateral trade will force the USA to buy the currency of Zhōngguó on a large scale, thereby significantly increasing the renminbi's use and demand while pushing up the exchange rate against the USA dollar.
  - Alibaba's South China Morning Post, 20 April 2025

• The spending of the USA threatens to wreack the status of the USA dollar. Wake up, America! The fundamental problem remains. While the Trump attempts to reduce its trade deficit with higher taxes/tariffs, its need for foreign capital, the flip side of the foreign trade payments gap, is increasing. And the root causes of the imbalances are the huge and persistent budget deficit.
  - Barron's, 19 April 2025

• A persistent weakening of the dollar is stoking fears that Trump's erratic trade policy may have damaged the dollar's safe-haven status, with negative consequences for the economy of the USA.
  - Murdoch's Wall Street Journal (locked), 18 April 2025

• Peter Schiff: the economy of the USA is an unstable 'house of cards'. "Gold is over 3,000. Gold prices are going higher as the world de-dollarizes. Central banks are going to be buying more gold and less Treasury Bonds."
  - Zero Hedge, 17 April 2025

• The decline of the value of the USA dollar will hit overseas exporters and raise pressure on central banks to reduce interest rates.
  - Murdoch's Wall Street Journal (locked), 17 April 2025

• Gold advocate Peter Schiff says that the USA dollar bubble has burst: "This is the collapse that I have warned about for years"
  - Zero Hedge, 16 April 2025

• Gold prices soar as Zhōngguó lowers the yuan fix ahead of economic data from Zhōngguó beating predictions because of tariff-frontrunning
  - Zero Hedge, 15 April 2025

• Zhōngguó posts unexpectedly strong economic growth before Trump's taxes/tariffs hurt the economy
  - Zero Hedge, 15 April 2025

• Zhōngguó is buying lots of gold, and is just getting started. This could weaken the USA dollar.
  - Guru Focus, 15 April 2025

• Treasury Bond yields decline as the SP500 suffers a 'death cross', while the dollar continues to decline, due to Trump's tax/tariff trade war
  - Zero Hedge, 14 April 2025

• Treasury Bond yields and the USA dollar (not stocks) are driving Trump's tax/tariff policy flipflops. Declines in Treasury Bond yields and the dollar have much higher political costs than those in stocks.
  - Zero Hedge, 14 April 2025

• Trump has hastened the global search for a dollar alternative. Tax/tariff shock, loss of confidence in the dollar, stock market trauma and a widespread feeling of affront will only quicken de-dollarization
  - Alibaba's South China Morning Post, 12 April 2025

• Investors are growing concerned about an asset of financial assets from the USA as the prices of Treasury Bonds and the USA dollar decline
  - Comcast's CNBC, 12 April 2025

• Investors are growing concerned about an asset of financial assets from the USA as the prices of Treasury Bonds and the USA dollar decline
  - France24, 12 April 2025

• The financial collapse of the USA dollar shows that "the biggest damage [of Trump's taxes/tariffs] is to the USA brand". "What we are going through now is worse than when former President Nixon took us off the gold standard in August 1971."
  - Market Watch, 11 April 2025

• On the dollar's collapse and endgame. The financial markets are re-assessing the structural attractiveness of the dollar as the world's global reserve currency and is undergoing a process of rapid de-dollarization - all due to Trump's tax/tariff trade war.
  - Zero Hedge, 11 April 2025

• The missing bids for USA dollars shows that its haven status has waned. The lack of bid for offshore dollars in the recent turmoil underscores the altering in the status of the US currency in the global financial system. All due to Trump's tax/tariff trade war.
  - Zero Hedge, 11 April 2025

• $40,000,000 - Block to pay $40 million in settlement with the financial industry regulator of New York State for violations of anti-money-laundering laws. The agency said its investigation additionally found its lax practices allowed for largely anonymous and high-risk bitcoin transactions to proceed without proper scrutiny.
  - Murdoch's Wall Street Journal (locked), 11 April 2025

• Futures and stocks are flat, gold soars, the dollar crashes, after Zhōngguó increases taxes/tariffs on imports from the USA to 125%
  - Zero Hedge, 11 April 2025

• Trump's tax/tariff trade war with Zhōngguó creates fear that pushes the price of gold above $3200
  - Thomson's Reuters, 11 April 2025

• Minneapolis Federal Reserve President Neel Kashkari said recent market trends show investors are moving away from the USA as the safest place to invest. Treasury Bond yields are rising while the USA dollar has sagged against its global counterparts. The opposite should happen with tax/tariff increases, unless investors are taking their money out of the USA in response to Trump's policies.
  - Comcast's CNBC, 11 April 2025

• Tokenized gold nears a $2 billion market capitalization as fears of Trump's tax/tariff trade wars spark a 'safe haven' investment
  - Coindesk, 10 April 2025

• The executive of the European Central Bank renews push for a digital euro to counter the growth of stablecoins in the USA
  - Zero Hedge, 10 April 2025

• The sell-off in Treasury Bonds and the dollar, due to Trump's tax/tariff trade war, raises questions about the 'safe haven' status of the dollar and Bonds, a status very important to the economy of the USA
  - Ochs-Sulzberger's New York Times, 10 April 2025

• The dollar and bond market's ominous message for Trump. The stock-market meltdown that accompanied Trump' intensifying trade war was unsettling enough. The fall in the dollar and rise in bond yields has been truly ominous.
  - Murdoch's Wall Street Journal (locked), 10 April 2025

• Could Trump push Zhōngguó out of the dollar system? The trade war will really go global if the USA tells other countries that the price for providing global public goods like the US security umbrella and the US dollar as the global reserve asset is a common tariff against Zhōngguó. This would be a declaration of war, as it would push Zhōngguó out of the dollar system, and make it exceedingly difficult for Zhōngguó to raise dollars to pay for its food and energy imports.
  - Zero Hedge, 09 April 2025

• The central bank of Zhōngguó signals determination to defend currency after offshore yuan tumbles to record low. The bank sets the midpoint rate at 7.2066 yuan per US dollar ahead of imposition of even steeper taxes/tariffs by Trump.
  - The Daily Beast, 09 April 2025

• Why the sinking rupiah is a flashing alarm for the $1.4 trillion economy of Indonesia. Indonesia's currency is at a record low against the USA dollar amid concerns over economic policies of President Prabowo Subianto.
  - Al Jazeera, 08 April 2025

• Some central banking and supervisory officials in Europe are questioning whether they can still rely on the Federal Reserve to provide dollar funding in times of market stress. These concerns are warranted, both in light of the Trump administration's distaste for the USA's traditional alliances and the centrality of the Fed's swap lines to global financial stability. Ultimately, a withdrawal of the Fed as the international lender of last resort is equivalent to a suspension of the dollar's role as the safest of global currencies. Doubts about a commitment from the Fed to maintain dollar liquidity - especially against major allies -- would accelerate efforts by other countries to reduce their dependence on the financial system of the USA. It would ultimately lead to lower foreign ownership of USA assets and a broad-based weakening of the dollar's role in the global financial system.
  - Zero Hedge, 08 April 2025

• Gold-backed stablecoins redefine stabliity in the cryptocurrency space, by combining blockchain's transparency with gold's timeless reliability
  - Zero Hedge, 08 April 2025

• The reputational bankruptcy of the American dollar. The USA dollar will likely continue to get weaker, which is inflationary for the US. Let me start with some easily identifiable reasons: too much debt in the USA, cryptocurrencies, and a stronger Europe/euro
  - Intellectual Investor, 07 April 2025

• Argentina needs the dollar more than ever. A broken monetary system is restraining the progress of President Milei.
  - Murdoch's Wall Street Journal (locked), 07 April 2025

• Trump's taxes/tariffs were supposed to boost the dollar. Why the opposite happened. Worries that long-term economic growth in the USA will fade could matter more for the currency than the mechanical impact of Trump's taxes/tariffs.
  - Murdoch's Wall Street Journal (locked), 04 April 2025

• The "Rio Reset": inside the BRICS scheme to 'hotwire' the global economy, led by Zhōngguó and Brazil. Their dedollarization drive has made huge progress over the last two years.
  - Zero Hedge, 03 April 2025

• Some central bank and supervisory officials in Europe are questioning whether they can still rely on the Federal Reserve to provide dollar funding in times of market stress. These officials have discussed scenarios under which the Trump might pressure the Fed to suspend the dollar backstops.
  - Zero Hedge, 03 April 2025

• The central bank of Zhōngguó set the fixing rate for the yuan against the USA dollar at its lowest level since January on Thursday, as the currency of Zhōngguó came under pressure following 'reciprocal' tax/tariff increases.
  - Alibaba's South China Morning Post, 03 April 2025

• The Canadian dollar rises to a 4-month high after Trump reveals his new taxes/tariffs
  - Thomson's Reuters, 03 April 2025

• Goldman Sachs issues final 'state of play' ahead of Trump's taxes/tariffs "Liberation Day" announcement. Goldman Sachs predicts that the tax/tariff risk is higher but that the reciprocal tariff rates later today will be lower than anticipated.
  - Zero Hedge, 02 April 2025

• Deutsche Bank is unconvinced any major dollar reaction will be sustained, after Trump's tax/tariff announcement today
  - Zero Hedge, 02 April 2025

• Stocks in Indonesia selloff, and the rupiah declines, signaling broader policy worries. A potent mix of policy shifts at home and abroad have raised concerns about s economy, sending investors fleeing from the country's stock market.
  - Murdoch's Wall Street Journal (locked), 11 March 2025

• Trump swept into his second term promising an "America First" revolution, vowing to restore economic might through tariffs, trade leverage, and tax cuts. Yet, barely three months in, the Trump's push for a weaker dollar - driven principally by adviser Stephen Miran - is risking monetary instability and inflation that could hit the working class that Trump claims to champion hardest.
  - Real Clear Markets, 31 March 2025

• BlackRock CEO Larry Fink warned in an annual letter that mounting US debt could drive investors toward Bitcoin, threatening the global dominance of the dollar.
  - Coin Telegraph, 31 March 2025

• The rupee soars in price to erase its losses against the USA dollar in 2025, on strong inflows of dollars
  - Thomson's Reuters, 23 March 2025

• The central bank of Turkey unexpectedly increases interest rates in a scramble to prop up the crashing lira, increasing the overnight lending rate to 46%
  - Zero Hedge, 20 March 2025

• There are not only cyclical but also structural and even systemic factors that may make continued dollar weakening more likely. Warning signs in the economy of the USA are flashing red, and most other countries are urgently looking for ways to reduce their economies' dependence on the authoritarian Trump's USA.
  - Zero Hedge, 19 March 2025

• Stock prices are squeezed higher as soft data slumps, and the dollar decline. The last two days have seen the biggest short-squeeze since last July.
  - Zero Hedge, 17 March 2025

• The USA dollar is stuck near a 5-month low, and struggles to shake off growth concerns. The dollar index, which measures the currency against six key rivals, has dropped around 6% from the more than two-year peak of 110.17 hit in mid-January.
  - Thomson's Reuters, 17 March 2025

• Dollar in bear trap, may spring higher this week. BBDXY Index has spent the last seven days within less than a 10-point range. Prior occasions where this dynamic has occurred, it has been followed by sharp short-term gains.
  - Zero Hedge, 17 March 2025

• Like the hoped-for internationalization of the yuan, the re-industrialization of the USA is a fairy tale. The renminbi will not become a major currency soon for a simple reason: you cannot buy much with it outside Zhōngguó. These two fairy tales have not faded away, morphing instead into nightmares haunted by the same villain: a broken, unbalanced global trading system made worse by misvalued currencies.
  - Alibaba's South China Morning Post, 16 March 2025

• A gold-defined dollar standard would do wonders for economic growth, but would almost certainly not limit the growth of our federal government. The view that it would insults markets at least three times, but certainly many more.
  - Real Clear Markets, 12 March 2025

• There is no logical replacement for the dollar and fiat currencies like it that referee most global exchange. To which some will reply that Tether and bitcoin are poised to throw the dollar into history's proverbial dustbin.
  - Forbes, 09 March 2025

• "History in the making": the head of currency trading at Deutsche Bank explains why the dollar is weakening. It is hard to over-estimate the scale of change taking place in global economic and geopolitical relations in a matter of days.
  - Zero Hedge, 04 March 2025

• The USA dollar spikes as Trump clarifies that he is not backing away from his tax/tariff plans, which will hurt exporters in the USA
  - Zero Hedge, 27 February 2025

• Could a 'Mar-a-Logo accord' break the stock market? Weaponization of the dollar-based global financial system by the US would put richly valued stocks at rising risk from foreign capital outflows as foreigners sell USA Treasury Bonds, pushing up yields to make them more attractive than stocks.
  - Zero Hedge, 25 February 2025

• JP Morgan Chase Bank will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams using the service for fraud
  - Bleeping Computer, 17 February 2025

• A rising value of the USA dollar pressures earnings as companies from Amazon to McDonald's signal more pain ahead. Historically, a strong dollar adversely impacts companies that do most of their business overseas. That's because it leads to slower revenue and earnings growth over time, due to unfavorable foreign-exchange conversions.
  - Apollo Global's Yahoo Finance, 7 February 2025

• Gold prices rose on Monday as the USA dollar weakened, with investors awaiting further details on Trump's taxes/tariff plans, which could escalate global trade tensions.
  - Comcast's CNBC, 17 February 2025

• Shorts slammed, bitcoin battered, breakevens burst higher ahead of CPI, while the dollar, bitcoin, and gold all clubbed like a baby seal today.
  - Zero Hedge, 11 February 2025

• Gold, silver and bitcoin are proving to be effective hedges against currency risks
  - Charts and Parts - substack, 10 February 2025

• "Sell All Things" the market stalls ahead of the 'most important job print' ... since the last one. Everything was sold today - stocks, bonds, gold, crypto, dollar.
  - Zero Hedge, 06 February 2025

• Zhōngguó keeps yuan stable against US dollar: what it means for the trade war. Zhōngguó could allow its currency to weaken to offset the impact of US tariffs on the country's exports, but has so far declined to do so.
  - Alibaba's South China Morning Post, 05 February 2025

• Increased volatility of the Colombian peso is expected due to geo-economic uncertainty. Oil prices, the imposition of taxes/tariffs by the USA, speculation and interest rates will determine the behavior of the exchange rate of the peso against the dollar. --- Se espera mayor volatilidad del dólar por incertidumbre geoeconómica. El precio del petróleo, la imposición de aranceles de EE.UU., la especulación y las tasas de interés marcarán el comportamiento de la tasa de cambio entre el peso y el dólar.
  - El Nuevo Siglo, 03 February 2025

• Goldman Sachs predicts the inflation is more likely than growth because of Trump's idiotic tax/tariff war, as the Mexican peso plummets
  - Zero Hedge, 02 February 2025

• For Trump to order the USA government to stockpile cryptocurrencies will send a horrible message to the world: that bitcoin and other cryptocurrencies are a safe alternative to the USA dollar. It signals to the world to think twice about investing in US-dollar denominated assets like our debt because crypto is the new thing. The USA is still hugely addicted to debt financing of the government, and the USA needs to buy Treasury Bonds, bonds investors view as safe. But if cryptocurrencies are safe, thanks to Trump, investors will buy fewer bonds (driving up interest rates).
  - Murdoch's New York Post, 01 February 2025

• After imposing taxes/tariffs on Canada and Mexico, Trump threatens a 100% levy on imports from BRICS countries for their effort to be less reliant on the authoritarian USA dollar. Huge problems, according to one fund. "Assuming 100% tariffs are imposed, how will the USA manage production from Slippers to Ships? Will American factories come up so quickly, and if so, at what cost? What about the inflationary impact of consumables in the USA when imports become expensive? It will also impact not just the American capital markets but also global capital markets."
  - Benzinga, 31 January 2025

• The USA dollar spikes after Trump announces new taxes/tariffs on imports from Canada, México and Zhōngguó. Trump had threatened to levy those taxes if the nations did not do more to help secure US borders from the inflow of undocumented migrants and illegal drugs.
  - Zero Hedge, 30 January 2025

• Gold futures set a fresh record on safe-haven demand, a weaker dollar and lower Treasury Bond yields.
  - Murdoch's Wall Street Journal (locked), 30 January 2025

• Gold glitters at the end of the world as we know it. The war in Ukraine, the US national deficit in trillions, and Trump's new taxes keep gold near record highs versus dollar-hedge alternatives
  - Asia Times, 25 January 2025

• Insider-selling soars as SP500 hits record high; gold and cryptocurrencies jump as dollar and crude oil prices decline
  - Zero Hedge, 24 January 2025

• The BRICS (led by Brazil, Rossiya, Zhōngguó, Bharat) expand in the global south, a stronger coalition against the G7 of North America, Europe and Nihon
  - Zero Hedge, 22 January 2025

• Our recent article, "Why Are Bond Yields Rising", explains that the recent 1% increase in yields, as shown below, is almost entirely due to negative sentiment. As we wrote, the bond market calls sentiment the term premium. Of the 1% yield increase, only 10% is due to fundamental factors, leaving 90% a function of bond investor concerns. Consequently, the term premium is at its highest level since at least 1990, and s perched three standard deviations above its norm. The article focuses on two culprits driving the premium: rising deficits and inflation. A Twitter user replied to our article saying, "It is the Dollar, stupid!". Despite the rudeness, he is correct; the rising dollar is also to blame.
  - Zero Hedge, 22 January 2025

• The USA dollar versus cryptocurrencies. Is Trump undermining the dollar?
  - Zero Hedge, 21 January 2025

• This morning, with a few short hours until Trump's swearing in, The Wall Street Journal reports that Trump is planning to issue a broad memorandum Monday that directs federal agencies to study trade policies and evaluate U.S. trade relationships with Zhōngguó and the USA's continental neighbors - but stops short of imposing new tariffs on his first day in office, as many trading partners feared. This caused the USA dollar to drop by about 0.8%.
  - Zero Hedge, 20 January 2025

• One economic 'weapon' that Zhōngguó is reluctant to deploy against new taxes/tariffs: a weaker currency. The last time Trump hit Zhōngguó with taxes/tariffs, Beijing devalued the yuan, blunting the impact. This time, Xi Jinping has signaled that Zhōngguó should defend its currency.
  - Murdoch's Wall Street Journal (locked), 17 January 2025

• The USA dollar surges after algorithms exaggerate the importance of a Washington Post story that Trump is considering national emergency declaration to justify new taxes/tariffs, which isn't news because it is known that he has considered this many times in the past
  - Zero Hedge, 08 January 2025

• Stocks shrug off Trump taxes/tariffs headline-roulette, bitcoin jumps as dollar dumps
  - Zero Hedge, 06 January 2025

• The dollar's share of global reserves hits a 30-year-low as central banks continue to buy gold and other assets. If the rate of decline over the past 10 years continues, the dollar's share will sink below 50% by 2034.
  - Zero Hedge, 06 January 2025

• The dollar, which recently traded at a more than two year high tumbled on a Wapo report that Trump aides are looking at targeting import taxes at certain industries, rather than across the board resulting in a less strict tariff regime (spoiler alert: not only is this fake news, if anything Trump will double down on tariffs and make them even stricter). The news sent both the dollar and treasuries higher, with the former slipping earlier ahead of a sale of three-year debt as well as auctions of 10- and 30-year notes later this week, with the 30-year yield climbing overnight to the highest since November 2023 before retracing the move.
  - Zero Hedge, 06 January 2025

• The USA is riding high against other currencies. Trump could put an end to this success. Foreign-exchange veteran Karthik Sankaran says he is worried about a "trifecta of bad things" that could drive investors out of the USA: other countries imposing tariffs, actions of the Fed, other countries using other currencies (but not the dollar) to settle trades of oil.
  - Barron's, 04 January 2025

• Small banks suffer big deposit outflows as money-market funds hit record highs into year-end
  - Zero Hedge, 03 January 2025

• Investors sell gold ETFs for fourth year even with Fed reducing interest rates. A stronger dollar following Trump's election win saw a renewed selloff of those exchange-traded funds, with bullion prices declining from an all-time high as investors redirected money elsewhere, including equities and Bitcoin.
  - Apollo Global's Yahoo Finance, 2 January 2025

• Gold just saw its biggest yearly gain since 2010 -- here is why Wall Street says prices will go even higher
  - Apollo Global's Yahoo Finance, 2 January 2025

• Gold prices in 2025? Tragically predictable to increase. It is as tragically simple now as "inflate or die", and sadly, gold therefore has nowhere to go but up simply because paper money has no choice but to go down.
  - Zero Hedge, 01 January 2025

• Washington can cut spending, yes, but it cannot cut enough to put a dent that matters without expanding its money supply and debasing its purchasing power. It is tragically simple now as 'inflate or die', and sadly, gold therefore has nowhere to go but up simply because the USA dollar and other currencies have no choice but to go down.
  - Zero Hedge, 01 January 2025

• The rupee fell for a seventh straight year in 2024, dropping 2.8% against the USA dollar, and did worse against gold, down over 20% relative to gold.
  - Thomson's Reuters, 31 December 2024

• Can 'King Dollar' survive fiscal follies in the USA? The dollar faces weakness in the medium and longer term as the net debt of the USA with the rest of the world grows.
  - Zero Hedge, 27 December 2024

• The central bank of Brazil offers to sell $3 billion as its currency, the real, weakens, amid a rout sparked by concerns about the sustainability of the debt of Brazil.
  - Bloomberg, 23 December 2024

• The rial, the currency of Brazil, plunged to its lowest level in 30 years after breakneck spending on pensions and social services, forcing President da Silva to do the unthinkable: reduce government spending
  - Murdoch's Wall Street Journal (locked), 21 December 2024

• Is Zhōngguó buying huge amounts of gold for protection against the USA dollar, or to attack the dollar? It could be building huge reserves of gold to launch a gold-backed yuan to compete with the dollar.
  - Zero Hedge, 20 December 2024

• Foreign exchange outflows from Zhōngguó soar as Beijing prepares for next currency devaluation, lpriming next bitcoin surge
  - Zero Hedge, 16 December 2024

• Wall Street is starting to sour on the dollar as Trump's policies and the Federal Reserve's interest-rate cuts will likely put downward pressure on the dollar in the latter portion of 2025. From Morgan Stanley to JPMorgan Chase, roughly a half dozen sell-side strategists, are now forecasting the dollar will peak as early as mid next year before starting to decline, with Societe Generale seeing the ICE US Dollar Index falling 6% at the end of next year.
  - Bloomberg, 16 December 2024

• Parity between the euro and the dollar could be reached in the next six months
  - Zero Hedge, 13 December 2024

• The rupee currency of Bharat weakened to its record low on Wednesday pressured by a slide in the Chinese yuan and heightened dollar bids in the non-deliverable forwards (NDF) market but central bank intervention helped limit losses.
  - Thomson's Reuters, 11 December 2024

• The Canadian dollar strengthens are the Bank of Canada lowers interest rates by 0.5% again, and blames de-growth on Trump's threats of taxes/tariffs and immigration
  - Zero Hedge, 11 December 2024

• The rupee of Bharat slipped to a record low and government bond prices rose on Tuesday, as the appointment of career bureaucrat Sanjay Malhotra as the next Reserve Bank of Bharat governor raised expectations of interest rate reductions
  - Thomson's Reuters, 10 December 2024

• Banks in Africa are creating banks in Zhōngguó as Beijing pushes for yuan to eclipse US dollar. Banks in Africa are positioning themselves to take full economic advantage as Beijing seeks to de-dollarize its trade.
  - Alibaba's South China Morning Post, 07 December 2024

• Trump's threats over an imaginary currency risks backfiring on the USA dollar. After his 100% taxes/tariffs threats to BRICS nations, some economists say Trump risks accelerating the pursuit of alternatives to the USA dollar.
  - Zero Hedge, 04 December 2024

• Trump's threats over an imaginary currency risks backfiring on the USA dollar. After his 100% taxes/tariffs threats to BRICS nations, some economists say Trump risks accelerating the pursuit of alternatives to the USA dollar.
  - Murdoch's Wall Street Journal (locked), 04 December 2024

• Trump's threats against BRICS are based on lies. Putin doesn't hate the dollar and actually wants Russia to once again be able to use it with its partners for reasons of convenience, but it was the USA that forced his country to de-dollarize and pioneer alternative financial instruments out of necessity.
  - Zero Hedge, 02 December 2024

• Trump's threat of 100% taxes/tariffs against BRICS nations raises trade war fears. Trump threatens retaliation if emerging economies create new currency to rival USA dollar.
  - The Guardian, 30 November 2024

• Trump threatens BRICS nations with 100% taxes/tariffs if they undermine dollar. Warning against pushing alternatives to reserve currency is latest trade threat from Trump.
  - Financial Times, 30 November 2024

• The 'digital gold' fallacy - why bitcoin cannot save the USA dollar - it cannot act as a currency reserve.
  - Cato Instittue, 29 November 2024

• Proposed income tax exemption plan, to help the middle class in Brazil, sends the currency to new lows. The Brazilian real ended at its weakest closing level ever at 5.99 per dollar.
  - Thomson's Reuters, 28 November 2024

• The government of Rossiua is trying to reassute people in Rossiya who are panicking over the collapsing value of the country's currency, the ruble, which has plunged to its lowest level since the invasion of Ukraine, now trading at 114 rubles to the USA dollar.
  - Barclay's The Telegraph, 28 November 2024

• After Trump's tweets of new taxes/tariffs with Zhōngguó, is a currency war with Zhōngguó next?
  - Ochs-Sulzberger's New York Times, 27 November 2024

• The ongoing argument for the dollarization of Argentina. It is the only long-term, credible solution Argentina has for controlling inflation.
  - The Daily Economy, 26 November 2024

• Trump plans to increase taxes/tariffs on products from Mexico, Canada and Zhōngguó that could cripple global trade. Trump said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and Zhōngguó halted the flow of drugs and migrants.
  - Ochs-Sulzberger's New York Times, 26 November 2024

• Trump plans to increase taxes/tariffs on products from Mexico, Canada and Zhōngguó that could cripple global trade. Trump said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and Zhōngguó halted the flow of drugs and migrants.
  - Murdoch's Wall Street Journal (locked), 26 November 2024

• Trump said Monday he would sign an executive order on Jan. 20 imposing a 25% tariff on all goods coming from Canada and Mexico, a move that could violate the terms of a regional free trade agreement. The announcements prompted a knee-jerk reaction in currency markets, with the U.S. dollar rising more than 2% against the Mexican peso and notching a four-year high against the Canadian dollar.
  - Comcast's CNBC, 26 November 2024

• Crony capitalism is coming to Trump's USA. His taxes/tariffs will hurt many businesses, except those friendly to his Administration that are granted exemptions.
  - Ochs-Sulzberger's New York Times, 26 November 2024

• Bullish options on the yen are in high demand this week, but the narrative behind the move could easily fail. The options market may have gone too bullish the yen too fast.
  - Zero Hedge, 22 November 2024

• The foreign currency reserves of Bharat have the largest weekly drop on record, and fall to a four-month low. This was caused by the dollar strengthening following the re-election of Trump, and the central bank selling from its reserves to limit the decline of the rupee.
  - Thomson's Reuters, 22 November 2024

• So long as bitcoin is the noisy price story, it will not ever be money. Money cannot be as volatile as bitcoin.
  - Forbes, 17 November 2024

• Why the dollar keeps getting stronger. Trump often says he prefers a weaker dollar, but economists and investors think his proposed policies will have the opposite effect because of his proposed taxes/tariffs on imports and tax reductions for Americans.
  - Ochs-Sulzberger's New York Times, 17 November 2024

• Since Trump's election, gold prices are down 4% and stock prices up 4%. Part of the decline has coincided with the strengthening of the USA dollar against other major currencies. Taxes/tariffs and trade wars instigated by the United States could push down the value of the euro and other currencies, and a strong USA dollar makes it more expensive for buyers using those other currencies to purchase gold. Higher Treasury Bond prices will rise to fund Trump's deficits. Fewer rate cuts would mean Treasury bonds pay more in interest than previously expected, and that in turn could hurt the price of gold.
  - Fast Company, 14 November 2024

• Stocks of companies in Zhōngguó, Asia, Africa and Latin America are hurt by a negative macroeconomic backdrop due to expected new taxes/tariff's under Trump that could push up the USA dollar even more
  - Zero Hedge, 14 November 2024

• Small cap stocks decline, as bond yields, bitcoin and the dollar soar, as gold hits two month lows
  - Zero Hedge, 12 November 2024

• The Trump financial market rally fizzles: futures drop as dollar rises, pulled higher by higher Treasury bond yields. "If we have those tariffs kicking in, if we have those so-called deportations, those would have an outright inflationary impact, and so would result in higher bond yields".
  - Zero Hedge, 12 November 2024

• Currency strategists are ripping up forecasts for the euro in the wake of the US election and coming up with a new call: a decline toward parity with the dollar (one euro is now 1.08 dollars)
  - Bloomberg, 12 November 2024

• SPDR Gold Shares (GLD) saw an outflow of over $1 billion, the largest weekly fund outflow since July 2022, according to data compiled by Bloomberg. Spot gold fell 1.9% over the same period. Total gold ETF holdings slipped 0.4%, the second straight weekly decline.
  - Bloomberg, 11 November 2024

• Dollar rises to yearly high as Trump's White House win keeps powering gains
  - Bloomberg, 11 November 2024

• The victory by Trump sparks national debt worries, but the dollar says the debt levels are fine. The prospect of a second Trump term seems to be reinforcing King Dollar's reign, rather than shaking it.
  - Murdoch's Wall Street Journal (locked), 07 November 2024

• As elections in the USA come to a close, one thing is certain: more taxes/tariffs on Zhōngguó. Higher taxes/tariffs are a near-certainty with Trump set to reenter the White House, but Zhōngguó is prepared for a new phase of economic struggle.
  - Alibaba's South China Morning Post, 06 November 2024

• The yuan falls sharply against the USA dollar, after Trump wins the USA presidential election. Exchange rate between US dollar and yuan could become a bargaining chip in negotiations between Zhōngguó and the USA on taxes/tariffs. The offshore yuan on Wednesday had at one stage fallen by more than 900 basis points against the US dollar, dropping below the 7.19 mark, before regaining some ground.
  - Alibaba's South China Morning Post, 06 November 2024

• $6.4 trillion of foreign-exchange reserves in Asia is giving investors confidence that central banks in Asia have the ammunition to fight the dollar's strength stemming from the US presidential election
  - Bloomberg, 31 October 2024

• Gold is on an upward path driven by central bank buying. Gold is poised to go much higher because the BRICS will use physical gold as their anchor instead of USA dollars. And investor psychology will cause a super-spike once the big dollar gains become a daily occurrence. Central bank net buying is equivalent to about 20% of annual gold mining output.
  - Zero Hedge, 30 October 2024

• Is the USA dollar collapsing? 7 key indicators you can't ignore. If the gold price is already hitting record highs, imagine what could happen now that the Fed has flipped back to monetary easing with potentially even more currency debasement than the previous rounds of stimulus.
  - Zero Hedge, 29 October 2024

• Why dollar-backed stablecoins will entrech the supremacy of the USA dollar. The recently announced Stripe-Bridge stablecoin tie-up is more likely to define the future world monetary order than the BRICS Bridge CBDC one.
  - Zero Hedge, 25 October 2024

• The ZiG (the gold-backed currency of Zimbabwe) loses half of its value. Less than six months after Zimbabwe launched yet another new currency, it was forced to devalue it, signalling new challenges for Zimbabwe's efforts to stand up a local currency and reduce dependency on the USA dollar. On September 27, the Reserve Bank of Zimbabwe (RBZ) slashed the value of the ZiG by 43 percent, taking it from 13.56 ZiG to the US dollar at its launch to 24.4 ZiG to the dollar. The currency has further weakened to 27 ZiG this week.
  - Al Jazeera, 24 October 2024

• Traders sell everything as the USA dollar and bond yields soar to 3-month highs, while gold hit a new record high intraday as stocks suddenly noticed the recent surge in bond yields
  - Zero Hedge, 23 October 2024

• President Javier Milei wants Argentines to use more dollars. But for the first time in years, his countrymen are clamoring for pesos. A surge in demand for the local currency in recent months has left commercial banks needing access to pesos, leading Argentina's central bank to revive a liquidity window that has not been tapped since the 2018 financial crisis. Declining interest rates, which fell from a record high of 133% to 40%, are fueling the demand for credit.
  - Bloomberg, 23 October 2024

• Futures prices slide in the USA for a third day as the dollar, and bond yield storm higher on Trumpflation trade (inflation caused by Trump imposing huge taxes/tariffs). "The Fed and election expectations have created a bit of a perfect storm for a Treasury market."
  - Zero Hedge, 23 October 2024

• The quarter-trillion dollar rush to get money out of Zhōngguó. Residents of Zhōngguó, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from cryptocurrencies to fine art.
  - Murdoch's Wall Street Journal (locked), 23 October 2024

• Bonds and bitcoin decline, while the USA dollar and crude oil prices jump, as leading economic index hits 8 year lows
  - Zero Hedge, 21 October 2024

• The USA dollar to gain on the elections, with earnings in focus. The dollar is getting support both as a haven from geopolitical risks and as US economic strength drives flows into American risk assets. There is also the growing contrast with other major economies.
  - Zero Hedge, 21 October 2024

• No central bank wants to stop price inflation. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency.
  - Zero Hedge, 19 October 2024

• Banks in the USA suffer biggest weekly deposit outflow since SVB crisis, while money-market funds see outflows as tax-filing-extension deadline looms
  - Zero Hedge, 18 October 2024

• The rupee hit its all-time low in Bharat on Friday pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales from state-run banks, most likely on behalf of the Reserve Bank of Bharat. The rupee closed at 84.0650 against the USA dollar.
  - Thomson's Reuters, 18 October 2024

• Gold, bitcoin, and the USA dollar surge ahead of retail sales; markets "very convinced" of an election victory by Trump
  - Zero Hedge, 16 October 2024

• Norway, of the most cashless economies in the world, just made it a lot easier to pay with cash
  - Zero Hedge, 14 October 2024

• The central bank of Bharat has asked state-run and private lenders to refrain from betting heavily against the rupee in an effort to support the currency which has been teetering near record-low levels for the past three trading sessions
  - Thomson's Reuters, 07 October 2024

• The use of the yuan is up 20% in cross-border trade, as Zhōngguó pushes a global role for the currency
  - Alibaba's South China Morning Post, 06 October 2024

• The rising price of gold persists under the surface despite its recent stagnation. The USA dollar's strength this past week has kept gold prices steady in dollar terms, while gold continues to rally when priced in most other major currencies.
  - The Bubble Bubble, 05 October 2024

• The surprise market winner of 2024: the great British Pound. The pound was mocked as the "Great British Peso" not long ago. Suddenly, it is the best-performing currency in developed markets.
  - Murdoch's Wall Street Journal (locked), 02 October 2024

• Money market funds have the biggest inflows since Covid as Fed f**kery turns huge bank deposit outflows into inflows
  - Zero Hedge, 27 September 2024

• Gold and cryptocurrencies jump as USA stocks shrug off Shanghai money-drop. The dollar dumped as alternative currencies jumped as US Sovereign risk explodes higher.
  - Zero Hedge, 27 September 2024

• Gold priced in Swiss Francs is finally breaking out. While gold had already broken out in most currencies, gold priced in Swiss francs remained the last holdout -- until now. This recent breakout is especially significant.
  - The Bubble Bubble Report, 26 September 2024

• The yuan gains value against the USA dollar after the Fed reduces interest rates, as exporters of products from Zhōngguó convert their US dollar assets into yuan
  - Alibaba's South China Morning Post, 23 September 2024

• In Brazil, the real trimmed gains after climbing as much as 1.2% versus the USA dollar, and swap rates jumped, after central bank officials raised the benchmark rate by 25 basis points late Wednesday, just hours after the Federal Reserve delivered its first cut in four years
  - Bloomberg, 19 September 2024

• De-dollarization might seem like a wild conspiracy theory, but it is happening. Countries worldwide are trying to limit their exposure to the greenback, and the economic clout of the USA dollar is slowly declining. In other words, the dollar still serves as the primary medium of exchange, but more and more countries are turning to gold as a store of value. In fact, dollar reserves globally have dropped by 14 percent since 2002. All of these experts confirm that the USA's weaponization of the dollar is undermining its strength and role as a reserve currency.
  - Zero Hedge, 17 September 2024

• Why it is time for Hong Kong to join the currency zone of Zhōngguó
  - Alibaba's South China Morning Post, 17 September 2024

• "Significant" dollar downside risks continue to build. The real yield curve continues to invert, deterring inflows to the US and keeping the dollar in a downtrend.
  - Zero Hedge, 16 September 2024

• Money-market fund assets hit another new record high as domestic bank deposits surge to pre-SVB levels
  - Zero Hedge, 13 September 2024

• Gold surges to new record high in prices, after hot PPI as ECB/WSJ trigger dollar dump
  - Zero Hedge, 12 September 2024

• For Trump, taxes/tariffs are the solution to almost any problem. The former president has proposed using tariffs to fund child care, boost manufacturing, quell immigration and encourage use of the dollar. Economists are skeptical. Economic research has indicated that the cost of tariffs tend to be borne by American businesses and households, rather than foreign companies. It would also encourage more countries to move away from the USA dollar.
  - Ochs-Sulzberger's New York Times, 11 September 2024

• The shadow dollar that is fueling the financial underworld. Tether, a cryptocurrency, enables a parallel economy that operates beyond the reach of USA law enforcement.
  - Murdoch's Wall Street Journal (locked), 11 September 2024

• Can the yuan of Zhōngguó, now much used around the world, become a must-have currency? The yuan has become more acceptable to foreign countries, but authorities still maintain tight control of fund flows under its capital account.
  - Alibaba's South China Morning Post, 05 September 2024

• The overseas status of the yuan is rising, but nowhere near the economic theft of Zhōngguó. Ex-Chongqing mayor Huang Qifan says Zhōngguó has no unrealistic ambitions for the yuan to replace the USA dollar.
  - Alibaba's South China Morning Post, 05 September 2024

• Bank deposits in large US banks plunge, as money market funds hit a new record high, amid equity chaos
  - Zero Hedge, 30 August 2024

• It is time to 'short' Mexico. The deficit has swelled, the peso is weaker, and the rule of law is in threatened.
  - Murdoch's Wall Street Journal (locked), 26 August 2024

• Gold just surpassed the euro as the second largest reserve asset in the world
  - Zero Hedge, 24 August 2024

• Gold soars to record high prices, and the USA dollar declines, as Kamala Harris unveils a 'populist' economic plan
  - Zero Hedge, 16 August 2024

• Gold revaluation by governments and central banks is a more responsible money creation method
  - Money Metals, 11 August 2024

• Investors flooded into money-market funds and bank deposits as markets crashed
  - Zero Hedge, 09 August 2024

• Trading in government bonds and stocks in Nihon halted after plunging into bear market as everything crashes everywhere
  - Murdoch's Wall Street Journal (locked), 05 August 2024

• The Nikkei stock index in Nihon posts its biggest single-day fall since 1987 after weak economic data from the USA. The Nikkei Stock Average closed down 12.4%, a historic fall triggered by disappointing jobs data in the USA, and a further rise in the yen
  - Murdoch's Wall Street Journal (locked), 05 August 2024

• Investment banks get bullish on the British pound despite the possibility of an imminent snapback
  - Comcast's CNBC, 31 July 2024

• The yen "has more upside from here": the Bank of Nihon's Ueda delivers a full package of hawkishness
  - Zero Hedge, 31 July 2024

• The Bank of Nihon shocks financial markets by increasing interest rates in a weakening economy to prop up the 'crashing' yen
  - Zero Hedge, 31 July 2024

• The Bank of Nihon increases interest rates in a weakening economy to prop up the 'crashing' yen
  - Murdoch's Wall Street Journal (locked), 31 July 2024

• As mainland Zhōngguó broadens the global appeal of the yuan, Hong Kong may play a larger role. With geopolitics making overseas use of the yuan more common, a professor has said the time is now for Hong Kong to have a greater role in the yuan's use for offshore settlement.
  - Alibaba's South China Morning Post, 29 July 2024

• Global use of the yuan is up sharply, beating the yen on an internationalization index. Overseas use of renminbi (denominated in yuan) is "robust" compared to other key currencies thanks to pivotal role in supply chains, study finds.
  - Alibaba's South China Morning Post, 29 July 2024

• Stock markets are in Europe are cheap. Ursula von der Leyen locked in a second term as European Commission president, but the bloc's leadership may move at a slow pace. Nevertheless, companies in its member economies are poised for a rebound.
  - Barron's, 27 July 2024

• The rupee closed at an all-time low on Friday, pressured by strong dollar demand from oil companies in Bharat, likely related to month-end payments. Volatility in the yuan, outflows from local equities following a hike in capital gains taxes on equities in the budget, and tepid risk appetite hurt the rupee this week, dragging it to record lows for four out of five trading sessions.
  - Thomson's Reuters, 26 July 2024

• The yen strengthened sharply to a nearly three-month high against the dollar on Thursday, backed by growing expectations for an imminent rate increase by the Bank of Nihon.
  - Murdoch's Wall Street Journal (locked), 26 July 2024

• No concept in all of economics is misunderstood and abused as much as that of the so-called 'trade deficit'. Yet each time Americans import more than they export, foreigners invest more in America than Americans invest abroad. The reason is simple: because foreigners who wish to invest in America need dollars to do so, they cannot spend all of their dollars buying American exports. This net inflow of investment funds to America balances out the trade deficit (or, more precisely, the current-account deficit). Because investing is every bit as much an economic activity as is buying (importing) and selling (exporting), when investing is included in the economic picture -- as it should be -- the existence of a trade deficit signals neither decline nor imbalance.
  - AIER News, 24 July 2024

• Central banks purchase gold to offset their own money destruction. Global official gold reserves have increased by 290 net tonnes in the first quarter of 2024, the highest since 2000, according to the World Gold Council, 69% higher than the five-year quarterly quarterly average.
  - Zero Hedge, 22 July 2024

• Foreign currency outflows from Zhōngguó soar as Beijing dumps record a record volume of USA securities, priming the next bitcoin surge
  - Zero Hedge, 21 July 2024

• Trump or not, a devaluation in the USA dollar is imminent.
  - Zero Hedge, 19 July 2024

• The dollar surges as selling-panic spreads across all assets
  - Zero Hedge, 18 July 2024

• A Trump-Vance administration could herald a new era for the USA dollar. Both candidates on the Republican ticket have argued that the dollar should be weaker to support Aexports from the USA.
  - Ochs-Sulzberger's New York Times, 18 July 2024

• Banks in the USA suffer biggest drop in deposits since 'tax day' as money-market fund assets surge to a record high
  - Zero Hedge, 12 July 2024

• After dumping $22 billion of USA dollar overnight, is the Bank of Nihon intervening again in the USDJPY market?
  - Zero Hedge, 12 July 2024

• When US Treasury Secretary Janet Yellen on Tuesday testified before the House Financial Services Committee, she said that one of her concerns is how best to protect the international status of the US dollar as US financial sanctions have pushed more countries seek alternative financial transaction methods that do not involve the USA dollar. Experts believe that the weaponization of the US dollar will reduce its dominance as the world moves toward local currency settlements and accelerate policies to facilitate de-dollarization. Zhōngguó and other countries are actively promoting local currency settlements and multilateral cooperation, offering more choices and possibilities for the global financial order.
  - Global Times, 10 July 2024

• Paper money - the USA dollar and USA Treasury bonds - are hardly scarce, too many actually, and that is why gold beats both
  - InvestorPlace, 09 July 2024

• The Government Pension Investment Fund of Nihon, with $1.5 trillion in assets, plans first portfolio overhaul in five years, and its dollar stash looks tempting with the yen weak. The Fund is getting ready to redirect some of its stash of dollars back into yen assets, many analysts say -- a decision that could ripple through global financial markets.
  - Murdoch's Wall Street Journal (locked), 09 July 2024

• The precipitous fall of the yen of Nihon. The yen recently fell below 160 yen to the USA dollar, its lowest value in more than 30 years. One main reason is the different in interest rates set by the Bank of Nihon and the USA Federal Reserve.
  - Warner Brothers CNN, 07 July 2024

• A weak yen will persist until the Fed reduces interest rates
  - Barron's, 06 July 2024

• The strong USA dollar spells opportunity for investors. Quality corporate bonds, mortgage-backed securities, and overseas stocks look attractive at these lofty levels for the currency.
  - Barron's, 06 July 2024

• President Milei of Argentina pushed through a major piece of legislation and has gotten fiscal spending under control. But he has struggled with the exchange rate and, as always, inflation.
  - Barron's, 06 July 2024

• Stories like those on the petrodollar and others on the "imminent" death of the dollar have been around for decades. Someday they will be right, and the dollar will follow the way of prior global reserve currencies. But for that to happen there needs to be a better alternative, and today, nothing even close exists.
  - Real Investment Advice, 03 July 2024

• The yen drop agains to a 38-year low of 161 yen per dollar. Nihon reportedly appointed Atsushi Mimura as its top currency diplomat, replacing Masato Kanda. Because the interest rate differential between the U.S. and Japan remains very wide (over 5% in the USA, versus under 0.5% in Nihon), this will keep the yen weak.
  - Comcast's CNBC, 28 June 2024

• Visualizing the lower number of cash transactions around the world. As credit cards and digital wallets (e.g. Apple Pay, Paytm, Alipay) see increasing adoption around the world, the share of cash being used in transactions is plummeting.
  - Zero Hedge, 26 June 2024

• The Bloomberg Dollar Spot Index rose 0.4% to 1,271.36 on Wednesday, marking a new peak for the year. The dollar has been gaining in 2024 as the Fed's higher-for-longer policy leaves a wide interest-rate gap with other leading economies. The yen declined to the weakest level since 1986 sparking risks of another intervention by the financial authorities in Nihon, who maintain their interest rates extremely low.
  - Bloomberg, 26 June 2024

• The yen tumbles to 1986 lows after the 'currency chief' of Nihon comments
  - Bloomberg, 26 June 2024

• The yen fell to the weakest level since 1986, fanning speculation financial authorities in Nihon may be soon be forced to support the currency again in a bid to stem the worst selloff in the developed world.
  - Bloomberg, 26 June 2024

• The yuan's status as a global currency is gaining ground, but top CEOs see more hurdles for success by Zhōngguó.
  - Comcast's CNBC, 26 June 2024

• The dominance of the USA dollar is secure, with the BRICS country making little progress on de-dollarization. Those countries seeking to reduce their exposure to the USA dollar are buying gold.
  - Thomson's Reuters, 25 June 2024

• The yuan of Zhōngguó will become the main trade currency of Rossiya "once and for all", as the satellite state of Zhōngguó suffers from tightening USA sanctions. One argument is that as ruble volatility increases, the Chinese currency will offer stability.
  - Business Insider, 21 June 2024

• Major sports and entertainment venues are punishing people for using cash, forcing them to use credit cards
  - Zero Hedge, 17 June 2024

• A strong USA dollar lifts funds that hedge currencies. There is a better reason to own them.
  - Barron's, 15 June 2024

• The Mexican peso tumbles further after preside-elect Claudia Sheinbaum commits to pushing through deeply controversial reforms of the judiciary widely seen as negative for Mexico's efforts to create an attractive and prosperous business climate.
  - Zero Hedge, 11 June 2024

• The Mexican peso tumbles further after preside-elect Claudia Sheinbaum commits to pushing through deeply controversial reforms of the judiciary widely seen as negative for Mexico's efforts to create an attractive and prosperous business climate.
  - Bloomberg, 11 June 2024

• The dominance of the USA dollar is in decline as Rossiya and Saudi Arabia consider the yuan for oil trades, and investors may need to begin to revise their long-term investment strategies.
  - Global Data, 10 June 2024

• Bank deposits in the USA decline as money-market funds assets rise to a record high
  - Zero Hedge, 07 June 2024

• The dollar is at its strongest since the 1980sl. Can it last? Though the dollar is still below the recent 2022 peak, it has not been so consistently strong in 'real' terms since the days of Paul Volcker. Back then, developed nations had to conspire to depreciate it.
  - Murdoch's Wall Street Journal (locked), 05 June 2024

• Why people value paper money that is 'worthless' - because it is linked to gold
  - Zero Hedge, 03 June 2024

• Swiss Franc pinned against dollar, euro, but has tailwind versus yen
  - Zero Hedge, 31 May 2024

• Nihon confirms the first currency intervention since 2022 with $62 billion in spending, after the yen plunged to a 34-year-low in April
  - Comcast's CNBC, 31 May 2024

• The yuan strategy of Zhōngguó is not paying off with trade partners. From fluctuations in the yuan exchange rate to impediments in cross-border capital flows, it is not easy to convince trade partners to settle in the yuan.
  - Alibaba's South China Morning Post, 30 May 2024

• Is the world lurching back toward a gold standard? Rickards calculates that gold would need to settle somewhere in the neighborhood of $27,000 an ounce.
  - Zero Hedge, 28 May 2024

• Is the world lurching back toward a gold standard? Rickards calculates that gold would need to settle somewhere in the neighborhood of $27,000 an ounce.
  - Zero Hedge, 28 May 2024

• USA Treasury Bills are the best place to invest your cash. Just ask Warren Buffett. Their 5%-plus yield looks attractive -- especially with the Federal Reserve unlikely to cut interest rates soon.
  - Barron's, 25 May 2024

• Banks in the USA (mostly from larger banks) suffer $80 billion depositk decline, while money market fund AUMs rise as stocks soar
  - Zero Hedge, 17 May 2024

• Dollar volatility skew hints spot retreat will be short-lived. Demand for long exposure in the dollar through options at the back-end of the curve suggests position rebalancing is the main driver of latest spot price action.
  - Zero Hedge, 16 May 2024

• The $10,000 threshold for what the government of the USA considers to be a suspicious cash transaction hasn't changed sincee 1945. That threshold in 1945, raised to track inflation, would be $170,000 today.
  - Murdoch's Wall Street Journal (locked), 16 May 2024

• The US dollar has become so weaponized by an authoritarian USA that central banks around the world are buying as much gold as possible
  - Business Insider, 14 May 2024

• As the dollar declines in value, gold becomes insurance, not speculation
  - Mises Institute, 09 May 2024

• Standard Fruit Company de Costa Rica S.A. confirmed the dismissal of another 412 workers from banana farms in the province of Limón. "The reason is the abrupt appreciation of the Costa Rican coló:n or the exchange rate, which does not allow the agricultural activity to survive."
  - Tico Times, 09 May 2024

• A weaker yen is both a blessing and a curse for Nihon
  - Zero Hedge, 08 May 2024

• Why we are at the start of a multi-year bull market for gold
  - Gainesville Coins, 07 May 2024

• A strong dollar is rattling Asia. It isn't just the Yen. Currency turmoil is reminescent of the 1997 Asian financial crisis, William Pesek writes in a guest commentary.
  - Barron's, 04 May 2024

• Foregin currency traders stunned at clueless interventions by the Bank of Nihon: "They do not have a clear handle on market positioning"
  - Zero Hedge, 02 May 2024

• Last week, Nihon saw its currency, the yen, rapidly depreciate against the USA dollar and other world currencies to near record low levels. This drew the attention of financial markets and other observers, and -- in some quarters -- led to panic. There was concern that Nihon, a formerly great nation now increasingly viewed as the "sick man of Asia", was on the brink of a currency and financial markets crisis. This all represents a grave warning to the USA. The government of the USA is chasing Nihon for the ignoble title of most indebted nation.
  - Zero Hedge, 01 May 2024

• Yen soars after Nihon intervenes to prop it up for second time in 3 days
  - Zero Hedge, 01 May 2024

• Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.
  - Ochs-Sulzberger's New York Times, 01 May 2024

• How easy it is to launder money by flying suitcases filled with cash from London to Dubai
  - Zero Hedge, 29 April 2024

• Intervention or not by the central bank of Nihon, yen bears will stay confident. Unless authorities in Nihon show their hand with conviction when it comes to intervening in the spot market, the yen is bound to stay under pressure over the medium-term.
  - Zero Hedge, 29 April 2024

• The yen jumped against the dollar on Monday, with traders citing yen-buying intervention by authorities in Nihon as a trigger for the bounce in a currency languishing at levels last seen over three decades ago. The dollar tumbled to a low of 154.40 yen from as high as 160.245 earlier in the day. It was last trading around 156.80 yen.
  - Thomson's Reuters, 29 April 2024

• After overnight collapse to 34-year-lows, the yen surges in apparent 'intervention'
  - Zero Hedge, 29 April 2024

• The 'FX vigilantes' strike again - the yen suddenly crashes to April 1990 lows against the dollar. "... finally marks the day where the market realizes that Nihyon is following a policy of benign neglect for the yen."
  - Zero Hedge, 29 April 2024

• "The dollar up, gold up, cryptocurrencies up: that is not something that you see too often." "They are hedging against anarchy, rising institutional distrust. So some are buying dollars for cyclical reasons, but buying gold and crypto for structural reasons."
  - Zero Hedge, 29 April 2024

• The significant rise in gold and silver prices if yet to start, as the national debt of the USA and massive Treasury Bond issuance will worsen inflation
  - Von Greyerz Gold, 29 April 2024

• The 'FX vigilantes' strike again - the yen suddenly crashes to April 1990 lows against the dollar. "... finally marks the day where the market realizes that Nihyon is following a policy of benign neglect for the yen."
  - Zero Hedge, 29 April 2024

• The dollar had just crossed above 158 to the yen, a level not seen in 34 years. From a market peak in 1989, it all came crashing down. Had policy makers and politicians allowed a short depression, Nihon would have experienced something profoundly different from its lost deflationary decades.
  - Zero Hedge, 28 April 2024

• "The collapse of the yen has become disorderly": look for a final, sharp decline before it hits a floor
  - Zero Hedge, 26 April 2024

• The yen plunges to fresh 34-year lows after the Bank of Nihon does nothing -- again
  - Zero Hedge, 26 April 2024

• If 10-year Treasury Bond yields break above 5%, the bond market enters especially dangerous territory, endangering industries like the automotive market and commercial real estate that depend heavily on debt. With no good options, the Fed will be forced to print money one way or another to stimulate borrowing, turning an inflationary creek of their own making into a raging river of dollar destruction.
  - Schiff Gold, 26 April 2024

• Devaluation fever of the yean heats up as Zhōngguó stockpiles metals. Activity in commodities has prompted conjecture that Zhōngguó is about to orchestrate a significant one-off yuan devaluation.
  - Zero Hedge, 26 April 2024

• Yuan falls out of favour with exporters in Zhōngguó as fears of depreciation mount. The yuan has lost more value against the USA dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
  - Alibaba's South China Morning Post, 26 April 2024

• Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency. The peso has soared 25% against the dollar over the past three months in the market, known as the blue-chip swap, that is used by many investors and companies. That is more than the gains posted by any of the 148 currencies that Bloomberg tracks against the dollar.
  - Bloomberg, 25 April 2024

• Trump advisors discuss authoritarian penalties for countries that make less use of the USA dollar - de-dollarization (to have more financial independence)
  - Bloomberg, 25 April 2024

• What the rising gold price signals (spoiler alert: nothing good). The record setting gold price is signaling that the present fiat monetary order, which is based on the dollar as the reserve currency of the world, is coming to a financially unpleasant end.
  - Zero Hedge, 23 April 2024

• Real-estate agents and investment advisers chafe at new anti-money-laundering rules. The Treasury Department is looking to bring two new industries under regulations intended to stem the flow of illicit money.
  - Murdoch's Wall Street Journal (locked), 23 April 2024

• Decades of negative interest rate policy in Nihon have ended. That could mean the end of the $20 trillion 'yen carry trade', once one of the most popular trades on foreign exchange markets, and a chain reaction in the global economy. The yen carry trade is when investors borrow yen to buy assets denominated in higher-yielding foreign currencies, like the USD, where interest rates are higher.
  - Zero Hedge, 22 April 2024

• Billions in 'dirty' money flies under the radar at the busiest airports in world. The Heathrow-to-Dubai flights have two big money-laundering features: one airport does not scan outbound luggage for cash and the other welcomes sacks of it.
  - Murdoch's Wall Street Journal (locked), 22 April 2024

• Investors bet against the dollar. Now they are paying the price. A booming economy in the USA is wreaking havoc in foreign currency markets.
  - Murdoch's Wall Street Journal (locked), 20 April 2024

• The resilience of gold prices shows that a currency crisis is not far away
  - Zero Hedge, 17 April 2024

• USA Treasury Bonds are getting harder to sell. Record issuance raises worries that debt sales will exacerbate volatility. A series of weak auctions for U.S. Treasurys are stoking concerns of investors that markets will struggle to absorb an incoming rush of government debt.
  - Murdoch's Wall Street Journal (locked), 15 April 2024

• Exports from Zhōngguó collapse, prompting fears of a devaluation of the yuan. Beijing continues to be trapped: either keep the currency artificially "stable" and suffer continued trade loss to competitor Japan which is crushing its currency, or devalue the yuan and regain the mercantilist throne, however at the expense of massive capital outflows.
  - Zero Hedge, 12 April 2024

• Exports from Zhōngguó rise as trade tensions mount. Exports picked up in the first quarter of the year, a sign that Beijing's push to lift growth by propping up manufacturing is getting results.
  - Murdoch's Wall Street Journal (locked), 12 April 2024

• Global banks are essentially admitting they plan for a complete overhaul of the dollar-based financial world, and the creation of a central bank digital currency (CBDC)-focused system built on "unified ledgers". This will be very bad for the USA dollar as a reserve currency.
  - Zero Hedge, 11 April 2024

• Zimbabwe introduces new gold-backed currency to tackle inflation. The new currency -- called Zim Gold (ZiG) -- will be backed by foreign currencies, gold and precious minerals.
  - Zero Hedge, 05 April 2024

• The economy of Iran is facing a severe crisis as its local currency, the rial, continues to plummet in value against the dollar, causing significant financial distress for the people of Iran, a misery caused solely by the financial mismanagement of the ruling leaders. One big problem is that the Islamic Revolutionary Guard Corps controls more than 70% of the Iranian economy, pays no tax and is answerable only to the autocratic Supreme Leader, Ayatollah Ali Khamenei. Its leaders are venally corrupt, enriching themselves at the expense of the poor, while increasing suppression at home, sponsoring terrorism and waging proxy-wars abroad. Not sure where in the Koran that is ordered.
  - Real Clear Markets, 05 April 2024

• How to build a global currency. Bharat is the latest country to try. Painful reforms are required.
  - Economist, 04 April 2024

• You must understand that gold is neutral. Central banks are buying gold because the Neocons have weaponized the dollar. Russia was removed from the SWIFT system, and private citizen's assets were confiscated.
  - Armstrong Economics, 03 April 2024

• Yen intervention risk is rising, but effects could be short-lived. Traders are increasingly wary of potential intervention following recent warnings from financial officials in Nihon as the yen weakened to 34-year lows against the dollar.
  - Murdoch's Wall Street Journal (locked), 03 April 2024

• The rally in the price of the dollar is on borrowed time as disinflation in the USA lags the world. The current rally in the dollar is soon likely to face resistance from rising real-yield differentials with the rest of the world, driven by global inflation that is falling faster than in the USA.
  - Zero Hedge, 28 March 2024

• The Bank of Nihon and other financial authorities in Nihon hold an emergency meeting as the yen hits a 34-year low against the dollar
  - Zero Hedge, 27 March 2024

• The top foreign currency official in Nihon threatens "appropriate action" against 'short speculators' as the yen declines after an increase in interest rates in Nihon
  - Zero Hedge, 25 March 2024

• The 'Powell put' sparks surge in stocks, bonds, & the dollar; gold and oil flat for week
  - Zero Hedge, 22 March 2024

• Is Zhōngguó preparing to devalue the yuan against the dollar? The Renminbi declines after the central bank of Zhōngguó pushes it below key support level.
  - Zero Hedge, 22 March 2024

• Swiss Franc tumbles after the National Bank of Switzerland surprises with a reduction in interest rates to 1.50%
  - Zero Hedge, 21 March 2024

• Turks pile into the dollar, gold and stocks as annual inflation of 67% destroys the "worthless lira"
  - Warner Brothers CNN, 20 March 2024

• The exchange rate of Costa Rica colones drops under 500 colones for one US dollar, the first time in 17 years, as the colon gains strength, which hurts local businesspeople (who export) and people with loans denominated in dollars. No other country in the last year has seen such a significant increase in the value of its currency compared to the dollar.
  - Q Costa Rica, 19 March 2024

• Banks see large deposit inflows as the Fed's bailout fund expires, and RRP liquidity plunges
  - Zero Hedge, 15 March 2024

• A 10% gain in the value of the yen against the dollar would cause stocks in Nihon to decline 5%. A weaker yen is a tailwind for Japanese exporters, in particular automobile makers, whose overseas earnings morph into bigger gains after the currency translation.
  - Zero Hedge, 12 March 2024

• The yen soars to A 6-week high on hopes that the Bank of Nihon will raise interest rates, and a "bad" USA jobs report. The market is now fully pricing in a Bank of Nihon interest rate-hike by June and a 65-80% chance of a hike at the next meeting in March.
  - Zero Hedge, 08 March 2024

• Automobile stocks in Nihon fell sharply as the yen rebounded to a one-month high due to growing expectations that the Bank of Nihon could shift away from its ultralow interest rate policy.
  - Murdoch's Wall Street Journal (locked), 08 March 2024

• The currency crisis in Nigeria is decades in the making. Because Nigeria is dependent on imports, its weaker currency is pushing the annual inflation rate towards a three-decade high at almost 30%. The naira, which is moving towards being fully floated, has been devalued twice in attempts to close the gap with a parallel market rate. That makes it the second-worst-performing currency in the world, after the Lebanese pound.
  - Economist, 07 March 2024

• What dollarization (proposed in Argentina) says about returning to the gold standard. While other countries can dollarize to stop the devaluation of their currencies, where can the USA use to stop the devaluation of the USA dollar - the USA can't 'dollarize;'? Would returning to a gold standard help the USA?
  - Schiff Gold, 08 March 2024

• The dollar declines the most in three months, as gold and bitcoin hit new record highs
  - Zero Hedge, 07 March 2024

• The euro declines against the USA dollar after the ECB cuts 2025 inflation forecast to 2.0% target
  - Zero Hedge, 07 March 2024

• The Egyptian pound crashed Wednesday as the government initiated a devaluation of more than 38%, while also hiking interest rates, in order to attract billions more in loans from the International Monetary Fund.
  - Zero Hedge, 06 March 2024

• The International Monetary Fund has agreed to more than double a bailout package for the government of Egypt, which is going through its worst economic crisis in decades, exacerbated by war in the neighboring Gaza Strip and in Ukraine, providing $8 billion up from $3 billion that was earlier discussed.
  - Ochs-Sulzberger's New York Times, 06 March 2024

• Egypt launches surprise overhauls to shore up its struggling economy. Egypt struck a deal with the International Monetary Fund to extend the country an $8 billion loan as its economy comes under pressure from the war in Gaza.
  - Murdoch's Wall Street Journal (locked), 06 March 2024

• Egypt strikes an expanded $8 billion deal with the IMF. The deal comes as the central bank said it would let the Egyptian pound trade freely.
  - Al Jazeera, 06 March 2024

• De-dollarization in Bharat, as Bharat urges Gulf exporters to accept rupees as payment for oil. The Reserve Bank of Bharat has asked the major state-owned refiners in Bharat to press Persian Gulf suppliers to accept at least 10% of oil payments in rupees in the next financial year, three executives at the processors said.
  - Zero Hedge, 05 March 2024

• Bitcoin breaches $60,000; hits record high in a dozen other currencies
  - Zero Hedge, 28 February 2024

• Nigeria blocks access to Coinbase, Binance and Kraken as the country's currency, the naira, falls to record lows
  - Zero Hedge, 26 February 2024

• New rules will force buyout firms to flag suspicious investments. The Treasury Department is extending anti-money-laundering rules to private-equity, venture-capital and hedge funds.
  - Murdoch's Wall Street Journal (locked), 21 February 2024

• The currency of Nigeria has fallen to a record low as inflation surges. How did things get so bad? The currency, the naira, plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year. The inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages.
  - Associated Press, 17 February 2024

• The Treasury Department of the USA proposes requiring investment advisors to install controls over potential money-laundering by their clients. The proposed rule would require many investment advisers to start detecting and reporting suspected money laundering to the government of the USA.
  - Murdoch's Wall Street Journal (locked), 14 February 2024

• Global economic war is coming and the threat to the USA dollar is real
  - Zero Hedge, 10 February 2024

• The god wars in the 1970s: the USA versus Europe during the demise of Bretton Woods. After the collapse of Bretton Woods in 1971 several European central banks tried setting up a new gold pool to stabilize the price and move to a quasi gold standard. The US wanted to phase out gold from the system and enforce a dollar standard on the world.
  - Gainesville Coins, 05 February 2024

• Inside the most statistically distorted jobs report in recent history. Average wages 'rose' because the BLS decided to sharply slash the number of estimated hours that everyone was working, from 34.3 to just 34.1, which may not sound like a lot until one realizes that the last time the workweek was this low was when the economy was shut down during Covid. For example, average hourly earnings rose, because the BLS arbitrarily reduced the number of estimated hours that everyone was working, from 34.3 to just 34.1, the levels during the Covid recession.
  - Zero Hedge, 02 February 2024

• The massive beat for payrolls, and resurgence in average hourly earnings, prompted a sharp response from markets with the dollar spiking, along with bond yields (10-year above 4% again), as gold (down $20) and the yield curve tumbled, as rate-cut expectations plunged.
  - Zero Hedge, 02 February 2024

• A surprise with the January jobs report: payrolls explode by 353,000, double the expected and higher than all estimates, as wages surge. Manipulating statistics (jobs surged while many are firing people) to help Biden in the election year? There was a huge divergence between the Establishment and Household Surveys, and while the former indicated an increase of 353,000, the latter reported a drop in Employment of 31,000.
  - Zero Hedge, 02 February 2024

• A blockbuster jobs report (admittedly with distortions) allows the Fed to be patient as it waits to reduce interest rates. Given continued strength of the economy, the Federal Reserve is unlikely to feel pressure to cut interest rates at its next meeting in March.
  - Ochs-Sulzberger's New York Times, 02 February 2024

• The parliament of Iraq is calling to abandon the USA dollar when trading for oil, aiming to counter US sanctions on the Iraqi banking system. "The US Treasury still uses the pretext of money laundering to impose sanctions on Iraqi banks. This requires a national stance to put an end to these arbitrary decisions."
  - Zero Hedge, 02 February 2024

• The yuan of Zhōngguó replaces the USA dollar and the euro as the "primary" foreign currency of Rossiya for overseas economic activity
  - Alibaba's South China Morning Post, 01 February 2024

• $7,500,000 - MGM Grand and The Cosmopolitan of Las Vegas agree to pay about $7.5 million in fines related to anti-money-laundering failures
  - Murdoch's Wall Street Journal (locked), 25 January 2024

• Cryptocurrencies continue to decline in price as the dollar spikes, yield curve steepens with 'soft' data slumping
  - Zero Hedge, 23 January 2024

• After the Bank of Nihon meeting in March, Goldman Sachs predicts the USDJPY ratio declining back to 145.50 before reversing
  - Zero Hedge, 23 January 2024

• The decline of the price of the Swiss Franc has just begun after the central bank of Switzerland changes tactics to buying the franc to quell imported inflation through much of the current policy cycle, abandoned that stance in December.
  - Zero Hedge, 23 January 2024

• Traders long the USA dollar are steadily selling their positions. The real yield curve shows that the dollar should trend lower over the coming months.
  - Zero Hedge, 22 January 2024

• Beijing boosts use of the yuan in Africa as nations move away from the USA dollar. De-dollarisation bid begins to pay off as Zhōngguó and Africa increase use of the yuan and local currencies in trade deals.
  - Alibaba's South China Morning Post, 20 January 2024

• Stock index futures decline as the USA dollar surges, and the 10-year Treasury Bond yield rises above 4%
  - Zero Hedge, 16 January 2024

• Catch the goldwagon or lose your fortune
  - Gold Switzerland, 14 January 2024

• The yen plunges after wage-growth collapses in Nihon, crushing hope for interest rate hikes by the cenbnk{Nihon}
  - Zero Hedge, 10 January 2024

• Why the strength of the dollar matters so much for stock investors. As companies in the USA earn more from overseas, the performance of the dollar has an outsize impact on quarterly results -- and often the direction of the stock market.
  - Murdoch's Wall Street Journal (locked), 08 January 2024

• The end of money as we know it - what to expect in 2024. The year of disinflation can only come from a recession. The market expectations of a massive reduction in inflation cannot come from what economists call a soft landing.
  - Zero Hedge, 02 January 2024