Tag Archives: dollar

  Herland Report: The American De-Industrialization: As I recently wrote, the US no longer has an economy.  America is a market for goods produced offshore with foreign labor that US global corporations sell to Americans.   The US which once produced its own manufactured goods and food now imports much of it.  The result is that fewer and fewer American incomes are based …

  Herland Report: The United States Could Easily Lose: Since the United States seems serious about confronting China in an extended contest for global supremacy, it had better start getting its own house in order. Other countries will not want to ally themselves with a power that rests on increasingly uncertain economic, social, and political foundations. In seeking the world’s …

  Herland Report: Hyper Globalism is over: The post-1990s era of hyper-globalization is now commonly acknowledged to have come to an end. The COVID-19 pandemic and Russia’s war against Ukraine have relegated global markets to a secondary and at best supporting role behind national objectives – in particular, public health and national security. But all the talk about deglobalization should …

  Herland Report: Europe, slave of America: The war in Ukraine has made it dreadfully clear that Europe has lost its independence and solely functions as a servant of American interests. European politicians are simply not working for the best interests of Europe. Rather, they are scrambling desperately to implement sanctions that weaken their own economies and make Russia filthy …

  Herland Report: Financial Collapse: Financial experts and insiders have, for well over a decade, warned that a collapse of the U.S. currency is a mathematical inevitability, and this collapse will have global ramifications, as the dollar is the world’s reserve currency. U.S. inflation is currently at 8.3%, but in some markets, it’s in the double digits. Used car sales, …

  Herland Report: US Dollar as World Reserve Currency: Here’s your ‘reserve currency’ thought for the day: Every US dollar is a check written on an account that is overdrawn by 30 trillion dollars. It’s true. The “full faith and credit” of the US Treasury is largely a myth held together by an institutional framework that rests on a foundation of …

Herland Report: The Global Financial Revolution: No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the …

  Herland Report: The Western New World Order: Clearly, America is not leading the “green” new world order, and Biden seems to have no meaningful plan for how to get us there other than radical disruptions to our lifestyle and a heightened reliance on China. When it comes to oil and gas, it seems Biden’s new world order would continue …

  Herland Report: Western sanctions hurt the West: The strategy of imposing economic sanctions to hurt Russia for its invasion of Ukraine, may produce an economic fallout that is very different from what many expected. Who will be the economic losers from the Ukraine-Russia conflict in the short and long run? With soaring oil, gas and other commodities prices, Russia’s …

  Herland Report: Federal Reserve printing money out of thin air: The theory is that the lower interest rate encourages consumer spending and business investment and that this increase in consumer and business spending results in more output and employment. What few, if any, economists and financial market commentators understand is that today all markets are rigged by the plunge protection …