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 United States.” Foreign governments, needing …
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Herland Report: Ukraine IMF Gold: To follow the money is always a good idea. Read the analysis on Ukraine, IMF, the Federal Reserve, the International Monetary Fund in Ukraine and how the Monetary Cartel operates. Ukraine ranks as one of the most corrupt nations in the world. To follow the money is a good strategy when examining who gains …
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Herland Report: A popular meme in the Panic of 2020 asks, if gold is such a bellwether, why has its price not greatly increased? …and indeed, gone down. The reason why is at the heart of why Modern Monetary Theory — now forcibly embraced — is doomed to fail. But first, a few ground rules. If the government of Venezuela …
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Herland Report: While the US seems to crumble under civil unrest and inner strife, the value of Russian gold exports has exceeded the country’s proceeds from natural gas exports for the first time in Russia’s modern history. This is due to low demand and prices for natural gas and surging gold exports, estimates from Russia’s central bank and customs …
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