Death of the Dollar

Pix System in Brazil

by Martin Armstrong, Armstrong Economics: You likely have not heard of the Pix system unless you live in Brazil. Pix is an “instant payment ecosystem” launched on November 16, 2020, by Brazil’s central bank (BCB). Pix primarily works through the use of QR codes that users use to access their digital accounts for payments. The pandemic helped […]

There’s a herd of elephants in the room

by Peter Schiff, Schiff Gold: Among the many problems currencies and markets face, there is one which is undocumented: the eurodollar market, which is yet another very large elephant in the room. This article quantifies eurodollars and eurodollar bonds, which are additional to US money supply and credit. Research by the Bank of International Settlements […]

CHINA EXPERIENCES HUGE OUTFLOWS OF DOLLARS AS ITS ECONOMY IS IMPLODING

by Harvey Organ, Harvey Organ Blog: GOLD CLOSED UP $8.40 TO $1932.00 SILVER CLOSED UP 11 CENTS TO $23.20 //PLATINUM CLOSED UP $26.10 TO $936.65 WHILE PALLADIUM CLOSED DOWN $2.65 TO $1248.45/GOOD GOLD COMMENTARY TODAY FROM MATHEW PIEPENBURG//CHINA EXPERIENCES HUGE OUTFLOWS OF DOLLARS AS ITS ECONOMY IS IMPLODING//ITALY OVERWHELMED WITH MIGRANT INFLUX///IRAN AND USA EXCHANGE […]