Mike, Author at Rethinking the Dollar

How much will the typical American spend on Independence Day 2022?

Jul 3, 2022 | Economy

Last year, the White House was ecstatic because Fourth of July cookouts cost 16 cents less than the year before. This is the same government that celebrated a 2-cent drop in petrol prices in late 2021. How much will Americans spend on a BBQ to gather with family and...

Central Banks Diversify Currency Reserves Using the Renminbi

Jul 1, 2022 | Economic Collapse

The renminbi is being used by central banks to diversify their foreign currency holdings, an indication that a geopolitical flare-up might take away the supremacy of the dollar. According to an annual poll performed by UBS among 30 global central banks between April...

Why unemployment will rise, recession or not?

Jun 30, 2022 | Economic Collapse

The hottest employment market in a generation is cooling. With the crypto bubble bursting, IT businesses cutting down on hiring, and consumers spending less, experts expect the record low jobless rate will rise, recession or not. Last week, the Fed raised interest...

NATO and the G7 Fade While BRICS+ Climbs to Prominence

Jun 29, 2022 | World News

When Europe was separated by an Iron Curtain, it was difficult for anyone to travel across the continent. The phrase was coined by former British Prime Minister Winston Churchill in reference to the Soviet Union’s attempts to build a physical and ideological...

The Danger of Fed Policy Reversals

Jun 29, 2022 | Economic Collapse

The opinions of market participants on the economic prospects of the United States are shifting at the same time as the Federal Reserve has been scurrying once again to catch up to happenings on the ground. This runs the danger of causing yet another wave of...