Central Bank of China to Stop Stockpiling U.S. Dollars

USA-China-Economy-Comparison

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States.  The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”.  During the third quarter of 2013, China’s foreign-exchange reserves were valued at approximately $3.66 trillion.  And of course the biggest chunk of

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Gold bounces after bogging on Iran deal

Gold Market Update 2013

Precious Metals pricing for November 25th, 2013

Gold  –                $1244.71         UP                 $1.45
Silver –                $19.90             down             $0.11
Platinum –           $1390.00         down             $6.50
Palladium –          $719.00          UP                 $51.00

Jones Trading chief market strategist Mike O’Rourke said the way gold is moving so far this week shows that the market is questioning the Iran deal.

“Peace almost broke out in the Middle East, but

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Will 2014 Bring a Weaker Dollar and Hyperinflation?

Hyperinflation and the U.S. Dollar 2014

Join Greg Hunter as he goes One-on-One with economist John Williams.

Predictions of the U.S. Economy, U.S. Dollar and Hyperinflation 2014. John Williams of Shadowstats: “You’re going to have a dollar panic, but I can’t give you the exact timing on that.” Another potential problem is a credit downgrade of U.S. debt. Williams says, “If we get a downgrade here, that would accelerate the process of the dollar

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