Tucker Carlson’s Dollar Store Takedown
[ad_1] Glenn Greenwald, who has become a representative for the populist right, recently featured Tucker Carlson on the Rumble show System Update. And although several hot-button issues were discussed, one of Carlson’s rants fully exposed his distaste for bargain shopping and his desire to shape society according to his elitism. Carlson begins by conveying that […]
Should Argentina Peg It Currency To The Dollar?
[ad_1] QUESTION: What about Argentina willing to peg pesos to USD? THANKS for all you are doing for us! ALL THE BEST TO YOU AND FAMILY TD ANSWER: First and foremost, what collapsed Bretton Woods and the gold standard was persistent deficit spending. They fixed the price of gold to $35 but then spent recklessly […]
The Birth of the US Dollar
[ad_1] Thomas Jefferson Act of Congress Signed as Secretary of State, January 14th, 1793, Second Congress of the United States (1743-1826) As Secretary of State, Thomas Jefferson amended a previous Act, “establishing a Mint and regulating the Coins of the United States,” establishing the copper weight specifications for the first US coins issued in […]
Russian ruble slumps to near 17-month low, moves past 100 against the dollar
[ad_1] This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023. Mikhail Klimentyev | AFP | Getty Images The Russian ruble slid past 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin’s economic advisor blamed loose monetary […]
The dollar is now better value, says the Big Mac index
[ad_1] American inflation has left its mark across the country’s economy and the world’s financial markets. It has also reared its head between the Golden Arches. Since 1986 The Economist has tracked the price of a McDonald’s Big Mac around the world as a light-hearted guide to the fair value of currencies. Our index shows […]
BRICS To Replace The Dollar?
[ad_1] The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, […]
Dethroning the Almighty Dollar? | AIER
[ad_1] This is the text of a talk by AIER Research Faculty Peter C. Earle at the June 7, 2023 Meeting of Alder Unplugged. Good afternoon and thank you for having me. I’ve planned for these remarks to take no more than ten minutes, but economists are about as good at forecasting as politicians are […]
Fed Governor Bowman casts doubt on the need for a U.S. digital dollar
[ad_1] Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman expressed skepticism over the possibility of a digital U.S. dollar, noting Tuesday the multiple risks such a […]
The dollar could bring investors a nasty surprise
[ad_1] Our currency, your problem. That is how John Connally, America’s Treasury secretary, described the dollar to European leaders in 1971. The phrasing was apt. His boss, Richard Nixon, had suspended the convertibility of the dollar into gold and demanded a change to the exchange-rate system established at Bretton Woods in 1944. Other countries were […]