Goodbye, greenback! As they abandon dollar in trade, Russia & China could create ‘financial alliance,’ leading Russian expert says

Moscow and Beijing’s ditching of the US dollar could result in the creation of a “financial alliance,” according to a top Russian analyst. Alexey Maslov believes the partnership is approaching a “breakthrough moment.” … Read More >Goodbye, greenback! As they abandon dollar in trade, Russia & China could create ‘financial alliance,’ leading Russian expert says

The dollar is close to a Wile E. Coyote moment when it drops off the cliff & plummets – Peter Schiff

Gold prices have reached a new milestone, topping $2,000 for the first time ever. Still, most people don’t really understand the significance of the rise and what it means for the US dollar, says veteran stockbroker Peter Schiff. … Read More >The dollar is close to a Wile E. Coyote moment when it drops off the cliff & plummets – Peter Schiff

Dumping the dollar: Record gold price justifies Moscow’s choice to abandon greenback & bet on precious metal

Washington’s weaponization of the dollar in an effort to crush Russia’s economy seems to be backfiring. The policy encouraged Moscow to pivot to gold and this week the cost of an ounce broke the $2,000 barrier for the first time. … Read More >Dumping the dollar: Record gold price justifies Moscow’s choice to abandon greenback & bet on precious metal

Bye Bye Benjamin! Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks

After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time. … Read More >Bye Bye Benjamin! Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks

Cuba Ends War With Dollar in Attempt to Kickstart Economy Amid US Sanctions Pressure, Coronavirus

The Caribbean island nation first opened the door to the redollarization of the economy in late 2019, rolling back a 15-year-old policy established by Fidel Castro in 2004 to stop accepting the US currency as payment in some stores amid the intensification of banking sanctions pressure by Washington. … Read More >Cuba Ends War With Dollar in Attempt to Kickstart Economy Amid US Sanctions Pressure, Coronavirus