Posts filed under “Currency”

BIS: Currency movements drive reserve composition

Source:BIS

Category: Currency, Think Tank

The Russian Laundromat

Source: OCCRP From OCCRP: Call it the Laundromat. It’s a complex system for laundering more than $20 billion in Russian money stolen from the government by corrupt politicians or earned through organized crime activity. It was designed to not only move money from Russian shell companies into EU banks through Latvia, it had the added…Read More

Category: Crony Capitalists, Currency, Digital Media, Finance, Legal, Politics

Category: Currency, Technical Analysis, Think Tank

The Return of the Dollar

The Return of the Dollar John Mauldin November 13, 2014     Two years ago, my friend Mohamed El-Erian and I were on the stage at my Strategic Investment Conference. Naturally we were discussing currencies in the global economy, and I asked him about currency wars. He smiled and said to me, “John, we don’t…Read More

Category: Currency, Think Tank

Currency Markets Are Rigged

Big Banks Busted Massively Manipulating Foreign Exchange, Precious Metals … And Every Other Market Currency markets are massively rigged. And see this and this. Reuters notes today: Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange…Read More

Category: Currency, Gold & Precious Metals, Legal, Think Tank

1933: Colombia Experts Oppose Gold Plan

Source:NYT

Category: Currency, Inflation, Really, really bad calls, Think Tank

King Dollar vs Euro, Yen Renminbi

click for giant graphic Source: FT   The U.S. dollar is still king of global currencies. The dollar made up 60.9 percent of foreign exchange reserves and was used in 42.1 percent of global payments. Some countries, though, contest how much influence the U.S. dollar really has. The term “exorbitant privilege,” coined by former French…Read More

Category: Currency, Digital Media, Politics

The Money Multiplier — A Rite of Passage for the Wrong Reason

The last time I taught college-level Money and Banking, over five years ago, the textbook I was  coerced into assigning (but didn’t use) still had a section on the mechanics of how the banking system in a fractional-reserve regime could expand deposits (a component of “money”) by some multiple of cash reserves provided by the central bank. The Federal Reserve…Read More

Category: Currency, Think Tank

Home Currency Issuance in Global Debt Markets

Category: Currency, Think Tank

Hong Kong – The Peg is Not Likely to be Changed

Hong Kong – The Peg is Not Likely to be Changed By Peter T. Treadway July 15, 2014       In my opinion, the Hong Kong dollar peg, which has been set since 1983 to the US dollar at 7.80:1.00,   should and will remain unchanged. There are sound economic reasons for this but…Read More

Category: Currency, Think Tank