EMerging Equity
currency crisis
Venezuela Is So Broke That It Can’t Even Afford To Print Its Own Money
Venezuela’s crisis seems to deepen each passing day while its economy crumbles. The crisis is on two fronts: economical and political. Both crises combined and compounded by a plunge in oil prices have created a “perfect storm” that has engulfed the South American nation. Venezuela relies heavily on oil, which accounts for 95 percent of foreign currency earnings as its economy … Continue reading
Doug Casey: How You Could Make 10, 20, Even 50 Times Your Money In The Coming Gold Mania
By Doug Casey, Casey Research Regular readers know why I believe the gold price is poised to move from its current level of $1,250 per ounce to $1,500…$2,000…and eventually past $3,000. Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s … Continue reading
IMF Urges Nigeria To Devalue Currency As Its Economy Crumbles
The IMF is urging Nigeria’s Central Bank to devalue its local currency, the naira, and to remove curbs on access to foreign exchange as part of a package of aggressive economic policies in order to counter the impact of low oil prices, according to a statement released on Wednesday. Nigeria, Africa’s largest economy and largest crude producer, an OPEC member state, … Continue reading
Azerbaijan In Crisis As Currency Plummets
Azerbaijan’s currency has plummeted after moving to a floating exchange rate, causing a rush on dollars and shops as customers try to buy goods before prices increase. The manat lost 32% to the dollar yesterday following the central bank’s decision to stop protecting its value in the face of falling oil prices. The bank said … Continue reading
Venezuela Vs Reality
By Gorge Selgin Over a month ago — when Venezuelan’s were still living under the heel of Nicolás Maduro’s United Socialist party — Ilya Shapiro and I had a very interesting meeting with the folks behind DolarToday. As the Wikipedia article concerning it explains, DolarToday “is an American [nota bene] website that focuses on Latin American … Continue reading
Is This How the Next Global Financial Meltdown Will Unfold?
By Charles Hugh Smith In effect, a currency crisis is simply the abrupt revaluation of the currency to reflect new realities. I have long maintained that the structural imbalances of debt and risk that triggered the Global Financial Meltdown of 2008-2009 have effectively been transferred to the foreign exchange (FX) markets. This creates a problem for … Continue reading
Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash
Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear. Last Monday, the index was sitting at a reading of 36. As I … Continue reading
No End In Sight For Venezuela’s Currency Plunge As Risk Of Default Grows Closer
The OPEC nation of Venezuela has long been home to the world’s highest inflation rate, and now the nation is set to become the site of the 57th hyperinflation event in modern recorded history, says Steve Hanke, professor of applied economics at Johns Hopkins University, Bloomberg reports. As Venezuela’s currency has plunged 32 percent over the past month … Continue reading
Will Democracy Survive In Nigeria?
By Joseph Benzekri Nigeria’s deadly insurgent group Boko Haram declared its allegiance to ISIS on March 7, following what was reported to be female suicide bombings killing over 50 in Maiduguri. Much like ISIS, the equally nihilistic Boko Haram appears to be edging closer to its own caliphate in northern Nigeria. In light of increasing violence … Continue reading
Venezuela: A Coup In Real Time – OpEd
By Eva Golinger There is a coup underway in Venezuela. The pieces are all falling into place like a bad CIA movie. At every turn a new traitor is revealed, a betrayal is born, full of promises to reveal the smoking gun that will justify the unjustifiable. Infiltrations are rampant, rumors spread like wildfire, and … Continue reading
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