Currency Collapse

Cash is a scarce commodity in Greece. In June, Greek banks declared a surprise limitation on how much could be withdrawn from an account. At present, the government still limits the cash withdrawals of its citizens. Of course, this is…

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This Is Why China Is Weakening It’s Currency

Last month, the world watched a spectacular crash in the Chinese stock market, in which 30% of the value of shares was wiped out in a matter of weeks. The government unleashed an astonishing array of measures to try and…

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They Are Slowly Making Cash Illegal

The move to a cashless society won’t happen overnight.  Instead, it is being implemented very slowly and systematically in a series of incremental steps.  All over the planet, governments are starting to place restrictions on the use of cash for…

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Guess What Happened The Last Time The U.S. Dollar Skyrocketed In Value Like This?…

Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time.  That was in mid-2008 – just before the greatest financial…

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A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk

This is the month when the future of the eurozone will be decided.  This week, Greek leaders will meet with European officials to discuss what comes next for Greece.  The new prime minister of Greece, Alexis Tsipras, has already stated…

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This Is What Gold Does In A Currency Crisis, Euro Edition

Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked,…

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What In The World Just Happened In Switzerland?

Central banks lie.  That is what they do.  Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”.  But on Thursday, the central bank shocked the financial world…

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The Whole World is Falling Apart

In Andrew Hoffman’s latest video blog, Andrew explains how the dollar had exploded from .85 to .92 on Thursday January 8 while the 10 year bond had completely recovered from it’s bombed out bunker of 1.84 after dropping from 2.18….

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The Most Bizarre Currency You Have Never Heard Of…

John Lynn was bound and gagged, as the angry mob tied him to a tree and poured a barrel of scalding hot tar over his freshly shaven head and coated him in feathers. It was June 1794 and the crowd…

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The morning after: What happens when a government destroys its currency

Imagine this scene: “Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight.” “The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they had never…

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