Death of the Dollar

Bloomberg: U.S. Debt Interest Bill Soars Past $1 Trillion a Year

by John Carney, Breitbart: The combination of high levels of debt and higher interest rates has pushed the annualized interest cost of government debt past $1 trillion, an analysis from Bloomberg showed Tuesday. This amounts to a doubling of interest costs over the past 19 months, according to Bloomberg. It is the equivalent of 15.9 […]

Why Are Online Banking Services Suddenly Being Disrupted All Over The United States?

by Mac Slavo, SHTF Plan: Should we be concerned about all of the problems that are suddenly erupting at our banks?  U.S. banks have been shutting down hundreds of branches, they have been laying off thousands of workers, and as I discussed yesterday vast numbers of customer accounts are being unceremoniously shut down without any warning whatsoever.  If […]

PBoC in a Hurry to Buy Gold: Covertly Bought 593t of Gold YTD

by Jan Nieuwenhuijs, Gainesville Coins: The PBoC is in a hurry to buy enormous amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system. Based on information from industry sources and my personal calculations, total gold purchases by the Chinese central bank (reported and unreported) in Q3 accounted for 179 […]

Under What Conditions Would China Dump US Treasuries or Dollar Holdings?

by Mish Shedlock, Mish Talk: Numerous articles and Tweets have surfaced about China dumping Treasuries. First let’s investigate the rumors. Then let’s look at conditions in which China might dump dollar assets. Not China Dumping Until the past week there was a relentless selloff in US treasuries that sent bond yields soaring. TRUTH LIVES on […]