Dollar Pushed Higher Then Backed Off – Why?

Dollar Pushed Higher Then Backed Off – Why?

The dollar’s weakness in the last few days can be explained from the yen being used as a conduit for wealth fleeing China and the euro enjoying a “dead cat” bounce. The dollar still sits at the higher part of its range.  Currencies seem to be locked...
How Screwed Up The Pension System Is

How Screwed Up The Pension System Is

Late last year, the investment management giant Morningstar published a report concluding that most people can either save money for retirement, or save money for their kids’ education… but NOT both. They make the economic realities very clear: parents have to choose...
Farewell to Paper Money?

Farewell to Paper Money?

A decade or more ago, I began to discuss with associates the possibility of governments and banks colluding to eliminate physical cash. Back then, the idea struck most everyone as poppycock, that governments could never get away with it. I didn’t write on the subject...
WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

A state-owned cryptocurrency is, in itself, a contradiction in terms. The main reason why citizens want to use cryptocurrencies or gold is precisely to avoid the government or central bank monopoly of money. For a currency to be a world reserve of...