EMerging Equity
Currency Reserves
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
More Troubles May Lie Ahead For Nigeria As MSCI Weighs Removal From Index
More troubles may lie ahead for Nigeria, Africa’s largest economy, as global equity index provider MSCI is considering dropping the nation from its benchmark Frontier Markets Index, which could put $500 million of equity investment under threat. On Thursday MSCI announced that it’s considering removing the country from its Frontier Markets Index, blaming currency restrictions imposed by … Continue reading
The Empire Of The Petrodollar And The Price Of Refusing It
Ahead of the meeting of OPEC and non-OPEC oil producers scheduled for April 17 in Qatar in a bid to stabilize plummeting crude prices, let’s have a look at oil’s financial heart, the petrodollar system, and the unfortunate position of those member states who tried to break free of it. OPEC members and key oil … Continue reading
Goldman Predicts $700Bn Capital Outflow, Weaker Yuan For China In 2016
The world’s second biggest economy will see $700 billion leave the country this year, says Goldman Sachs. However, a currency crisis in China is unlikely to happen soon, according to the bank. Even though capital outflows from China have grown from 2013, the main concern is declining foreign reserves of the People’s Bank of China, … 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
The IMF Changes Its Rules To Isolate China And Russia
By Michael Hudson A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered financial and diplomatic control. China and Russia are investing in neighboring economies on terms that cement Eurasian integration on the basis of financing in their own currencies and favoring their own exports. They also have created the Shanghai Cooperation … Continue reading
Meet China’s Gold Army
By Koos Jansen, BullionStar As part of the wide analysis of the Chinese domestic gold market I would like to share that since the seventies there is a special army in China dedicated to gold. It’s called The Gold Armed Police – if you can read Chinese have a look at this Wikipedia page. It’s no … Continue reading
Negative Interest, The War On Cash, And The $10 Trillion Bail-In
By Ellen Brown In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat a foot? Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? … Continue reading
Gold, Oil, And “Grandmaster Putin’s Trap”
By Oriental Review In December of last year we published an intriguing article by Dmitry Kalinichenko, “Grandmaster Putin’s Trap,” which has drawn far more attention from readers than we ever expected. It continues to be cited by many international political and economic experts. That article addressed Russia’s latent strategy to get rid of US bonds … Continue reading
The Monetary Base And Total Reserves: Fed Confusions And Misreporting
By Jeffrey Rogers Hummel, Cato Institute The monetary base is the only magnitude that the Fed directly controls. It consists of currency held by the general public (including both Federal Reserve notes and Treasury coin) and the total aggregate reserves of banks and other depositories (whether held in the form of vault cash or deposits at … Continue reading
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