Currency
The Coming Currency Revolution
Could this be a start of a global currency movement? A digital currency for Microsoft Outlook? Social Networks? WSJ’s Andy Jordan talks to currency renegades tired of big-government centralized cash, and desperate to make their own (legal) money systems.
Charts: Dollar Index Could Fall 10%
The dollar index could be facing further losses and slip another 5-10%, Geoff Wilkinson from Mint Equities told CNBC Wednesday.
UBS – Dangerous Conditions with Gold, Oil, and USD
cnbc.com – Art Cashin, UBS Financial Services director of floor operations, offered CNBC his insights of the US dollar, which fell to a five-month low against a basket of currencies, despite this week’s successful Treasurys auctions. “We need to fund a huge, huge deficit. And we need cooperation from outside [the U.S.] to do it.” [...]
China’s Catch 22 on the US Dollar
China is estimated to have currency reserves of two trillion dollars, but the bulk of it is tied up in US markets.
Caught in a “dollar trap”, it has little choice but to buy more and more US government bonds to keep up the value of the dollar and hope a US recovery takes place – [...]
Doom for Dollar
The dollar has been on a roller coaster ride this week, with comments surfacing from both China and the Treasury on the Greenback’s future. Insight on what lies ahead for the dollar, with Jim Rickards, Omnis and Mike Holland, Holland & Co.
Ray Attrill – World Currency in 10 Years
Ray Attrill from Forecast Australia talks about the chances of a single world reserve currency soon, or when he sees this new global currency coming into place.
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