Currency

Like we predicted months ago, the International Monetary Fund (IMF) has formally accepted the Chinese Yuan into the IMF Special Drawing Rights (SDR) basket. The effective implementation of acceptance will occur on October 1, 2016. The Chinese yuan will join the dollar, euro, yen and pound as an IMF global reserve currency. This is the

It’s no secret that Russia and China want the Dollar replaced as the “World’s Currency” in the worst way possible, and really, who could blame them? US stewardship of its currency since moving off the Gold Standard has been nothing short of an abomination and complete breach of fiduciary responsibility. Why Do China & Russia

The U.S. dollar has long been referred to as the world’s reserve currency. However, with the dollar stronger than ever and the United States carrying an $18 trillion national debt, more and more countries are dumping the dollar in favor of other foreign currencies. The infographic below provides a snapshot. Courtesy of: Visual Capitalist   Make gold

“The seventh year of the bull market is off to a rocky start,” wrote the Associated Press on Tuesday. In summary: The Dow lost 333 points, or 1.9%, erasing its 2015 gains in its worst day of the year and biggest drop since October 9. The S&P 500 lost 35 points, or 1.7%, also erasing

A significant number of analysts, journalists, and even government officials believe the world is currently at war…but not in the way you may think. They’re referring to a “currency war” – one that is being called a “lose-lose” and a “global race to the bottom”. So what is a currency war, are we in one, and how can

The United States national debt has reached 18 trillion dollars. Just how large is this number? It can be difficult to visualize such a huge number without putting it into perspective. Here are five examples to help you do so. 1. 18 trillion seconds is equal to 5 billion hours, or 570,398 years. To put that even