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I am confident that the grave abuse of the role of the U.S. dollar as a global reserve currency will result over time in the weakening and demise of its role,” Lavrov said, echoing statements made by President Vladimir Putin.
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I am confident that the grave abuse of the role of the U.S. dollar as a global reserve currency will result over time in the weakening and demise of its role,” Lavrov said, echoing statements made by President Vladimir Putin.

August 15th, 2018 | by Richard Paul
Russia backs non-dollar trade with Turkey, no promise of help amid lira crisis Andrey Ostroukh, Tuvan Gumrukcu ANKARA (Reuters) – Russia backs using national currencies, not the U.S. dollar, in its trade with Turkey,...
That Escalated Quickly: The Emerging Market Currency Crisis Of 2018 Threatens To Destabilize The Entire Global Financial System
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That Escalated Quickly: The Emerging Market Currency Crisis Of 2018 Threatens To Destabilize The Entire Global Financial System

August 14th, 2018 | by Richard Paul
  We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis.  Over the past decade, there has been an...
The Turkish Lira crisis is fundamentally different than the Russian Ruble crisis of 2014/15.  This one has contagion risk.
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The Turkish Lira crisis is fundamentally different than the Russian Ruble crisis of 2014/15. This one has contagion risk.

August 11th, 2018 | by Richard Paul
Authored by Tom Luongo, The Turkish Lira crisis is fundamentally different than the Russian Ruble crisis of 2014/15.  This one has contagion risk. Back then no one was worried about the fall of the ruble having spillover...
Trump reimposes sanctions on Iran. Now what?
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Trump reimposes sanctions on Iran. Now what?

August 6th, 2018 | by Richard Paul
        Edited by Max J. Rosenthal and Ruby Mellen BY ISHAAN THAROOR   Trump reimposes sanctions on Iran. Now what? Under the terms of the 2015 nuclear deal between Tehran and world powers, the United States...
Trump Taxes $200 Billion in Chinese Goods 25% – Americans Pay Him $50 Billion
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Trump Taxes $200 Billion in Chinese Goods 25% – Americans Pay Him $50 Billion

August 5th, 2018 | by Richard Paul
Sun, 08/05/2018 – 11:26   By Phil Davis, Phil’s Stock World (Originally posted at PSW: “Trade War Thursday – Trump Taxes $200Bn In Chinese Goods 25% – Americans Pay Him $50Bn,” August 2,...
Charles Hugh Smith : One of the enduring mysteries of the past decade is why inflation has remained tame while the central bank and government have pumped trillions of dollars
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Charles Hugh Smith : One of the enduring mysteries of the past decade is why inflation has remained tame while the central bank and government have pumped trillions of dollars

August 4th, 2018 | by Richard Paul
Here’s Why Rip-Roaring Inflation Is Inevitable The stability of America’s status quo is illusory. One of the enduring mysteries of the past decade is why inflation has remained tame while the central bank and...
David Haggith : The U.S. stock market has been partying all throughout July, and a hangover is coming…. Wall Street’s rally is showing signs of “exhaustion,” and …
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David Haggith : The U.S. stock market has been partying all throughout July, and a hangover is coming…. Wall Street’s rally is showing signs of “exhaustion,” and …

August 3rd, 2018 | by Richard Paul
Icarus Flies, but FAANGs Fall from the Gaping Maw of US Stock Market – And My Blog is Still Here As we pass from early summer into late summer today, stocks on all the major indices open the day on the slide. The “Tech...
The Federal Reserve seems committed to higher interest rates—in my view to protect the exchange value of the US dollar on which Washington’s power is based.
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The Federal Reserve seems committed to higher interest rates—in my view to protect the exchange value of the US dollar on which Washington’s power is based.

August 3rd, 2018 | by Richard Paul
Who Does America Belong to? Not to Americans Paul Craig Roberts The housing market is now apparently turning down. Consumer incomes are limited by jobs offshoring and the ability of employers to hold down wages and salaries....
The 21st Century Misery Index: Labor’s Share of the Economy and Real-World Inflation
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The 21st Century Misery Index: Labor’s Share of the Economy and Real-World Inflation

August 1st, 2018 | by Richard Paul
WEDNESDAY, AUGUST 01, 2018 The 21st Century Misery Index: Labor’s Share of the Economy and Real-World Inflation Isn’t it obvious that those at the top of the wealth-power pyramid don’t want us to know how much...
Lira Crashes Through 5.00 As US Sanctions Hit 2 Turkish Govt Officials
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Lira Crashes Through 5.00 As US Sanctions Hit 2 Turkish Govt Officials

August 1st, 2018 | by Richard Paul
by Tyler Durden Wed, 08/01/2018 – 13:40 Update: The Maginot Line of 5.00 Lira per USDollar has been breached following reports from White House press secretary Sarah Sanders that two senior Turkish government officials...