One of the most difficult concepts for people to grasp is the fact that a currency is the OPPOSITE of assets. When assets rise, like gold and stocks, this means that the currency MUST decline in purchasing power. This is the standard function of a currency regardless of what it might be. This is why […]

Chinese holdings of US Treasurys declined in December by a modest $48 billion. China’s holdings of dollars dropped from $1316.7 billion to $1268.9 billion. The US Treasury holdings by foreign entities increased in December, from $5716.9 billion to $5794.9 billion. This is still showing the rising trend on a global basis for the dollar. The US […]

 QUESTION: Mr. Armstrong; I read somewhere that neither gold nor silver were the actual unit of account in Rome. Is that true? And what did that mean? Thank you J ANSWER: The “unit of account” in Rome began as bronze. The earliest money was just lumps of bronze that has practical value for it could […]

QUESTION: Mr. Armstrong; I understand you will be speaking in Vancouver tonight. Given the size of the audience, could you at least answer one question about the currency. You said the dollar would decline following gold’s lead. It is true that the currency has declined by more than 10%, but it did not make a […]

The dollar haters remain fixated on supply is supposed to determine value with a very myopic view that never considers DEMAND. They simply cannot understand why the dollar has not collapsed and in turn cling to some wild all-powerful conspiracy behind the strength of the dollar. I have stated countless times, the money center banks […]

  The dollar bears still outnumber the bulls by nearly 10 to 1. The primary argument has been the QE and this idea that the quantity of money somehow determines its value. But like everything else, it is just not so easy said nor done. This is like looking at one side of a coin […]

Nothing has changed with the Euro v the dollar. We are waiting for the turn in 2014 and that remains in place. In order to set the stage for the worst of the worst, we need to move to extremes in both directions. Economically, Europe is a disaster. You typically have the currency rise in […]

QUESTION: Is this story that the dollar is dead because products will begin trading in Chinese Yuan in Singapore and Hong Kong have any validity or is this more propaganda to covertly sell gold? Thanks RG ANSWER: It is exaggerated propaganda. We monitor capital flows and the flows through Swift transfers. I reported that the […]

The Middle East is planning to form their own monetary union with a single currency pegged to the dollar – not the euro.The states of Saudi Arabia, Qatar, Bahrain and Kuwait are planning a new single currency as members of the Gulf Cooperation Council.The new currency will be pegged to the U.S. dollar rejecting the […]

QUESTION: Mr. Armstrong; It is true that China will stop supporting the dollar and will become a net seller? The Goldbugs are claiming the dollar is dead buy gold. But they seem to use every reason to justify only buying and it rarely proves to be true. If there’s anyone who knows what is really […]