Schiff: Upcoming Recession Worse Than 2008

Euro Pacific Capital’s Peter Schiff argues that quantitative easing is “toxic” for the economy

Stuart Varney FoxBusiness 6/4/2012

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Related: How Would Margaret Thatcher Handle the U.S. Economy? Bianco: Odds of QE3 Increasing Rapidly

China, Russia quit dollar

Su Qiang and Li Xiaokun China Daily 2010-11-24

Premier Wen Jiabao shakes hands with his Russian counterpart Vladimir Putin on a visit to St. Petersburg on Tuesday. ALEXEY DRUZHININ / AFP

St. Petersburg, Russia – China and Russia have decided to renounce the US dollar and resort to using their own currencies for […]

QE2 risks currency wars and the end of dollar hegemony

As the US Federal Reserve meets today to decide whether its next blast of quantitative easing should be $1 trillion or a more cautious $500bn, it does so knowing that China and the emerging world view the policy as an attempt to drive down the dollar.

Ambrose Evans-Pritchard Telegraph [UK] 01 Nov 2010

The Fed’s […]

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

By Robert Fisk The Independent [UK] Tuesday, 6 October 2009

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – […]