US Dollar – Page 22 – THE OVAL CIRCLE

Russia

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

Posted on August 1, 2020August 1, 2020By Editor

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

Dollar crash will topple the entire US ‘house of cards’ economy by year end – Peter Schiff

Posted on August 1, 2020August 1, 2020By Editor

No one seems to be worried about the falling dollar, veteran stockbroker Peter Schiff writes on Twitter, as the US currency continues to slide versus major rivals amid gold and silver record growth. … Read More >Dollar crash will topple the entire US ‘house of cards’ economy by year end – Peter Schiff

Russia

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

Posted on July 30, 2020July 30, 2020By Editor

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

GOLD SOARS to all-time high while DOLLAR DIVES amid escalating US-China row

Posted on July 28, 2020July 28, 2020By Editor

Gold surged to record highs on Monday as growing tensions between the US and China fired up investor appetite for safe-haven assets. It was also helped by aggressive monetary easing across the world due to the pandemic. … Read More >GOLD SOARS to all-time high while DOLLAR DIVES amid escalating US-China row

‘Blow-up’ event could COLLAPSE US DOLLAR as America’s debt mounts, ex-IMF official warns

Posted on July 26, 2020July 26, 2020By Editor

The US dollar’s status as the dominant global currency is at risk of being eroded because of mounting government debt, according to Zhu Min, former senior executive with the International Monetary Fund (IMF). … Read More >‘Blow-up’ event could COLLAPSE US DOLLAR as America’s debt mounts, ex-IMF official warns

‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff

Posted on July 23, 2020July 23, 2020By Editor

As the world grapples with Covid-19, precious metals’ prices are pushing higher. Massive moves in gold and silver are coming, according to veteran stockbroker Peter Schiff. … Read More >‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff

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

Posted on July 19, 2020July 19, 2020By Editor

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

Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

Posted on July 13, 2020July 13, 2020By Editor

The $3 trillion rescue plan by the US Federal Reserve to limit the economic damage from the Covid-19 pandemic is fueling excesses across US capital markets, investors say. … Read More >Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

US dollar collapse may happen at ‘warp speed’, warns economist Stephen Roach

Posted on June 25, 2020June 25, 2020By Editor

In another stark warning, senior fellow at Yale University and former chairman of Morgan Stanley Asia, Stephen Roach, says coronavirus may cause dramatic decline of the US dollar in the near future. … Read More >US dollar collapse may happen at ‘warp speed’, warns economist Stephen Roach

Demand for US dollar as world’s reserve currency ‘seems to be waning’ – Deutsche Bank

Posted on June 23, 2020June 23, 2020By Editor

The currency markets are currently facing “multiple cross-currents” on rising global concerns over a potential second wave of Covid-19, said Deutsche Bank’s chief Asia macro strategist Sameer Goel. … Read More >Demand for US dollar as world’s reserve currency ‘seems to be waning’ – Deutsche Bank