Buried In The Feds Report It Shows The Real Truth About The Economy:Charles Hugh Smith

in economy •  7 years ago 

economy fed housing wages blockchain
7 years ago by

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      ·  7 years ago 

    Charles gave an excellent explanation of why the US dollar could still be used as a world reserve even if it isn't used for the trading of oil. As a point of reference, Wikipedia is saying that the US dollar makes up about 50% of the worlds foreign exchange reserves as of Q4 2016. https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves#Currency_Composition_of_Foreign_Exchange_Reserves

    And here is some even more updated information from the IMF.
    http://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4

    Rapid inflation in the US as a result of the foreign dollars coming back home can only happen if the worlds central banks are no longer holding them as reserves.

    Thanks for this interview Dave.

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        ·  7 years ago 

      Awan contra will destroy all confidence in the US dollar.

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          ·  7 years ago 

        M2 Velocity... Historical lows.
        https://fred.stlouisfed.org/series/M2V

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          1 vote
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            ·  7 years ago 

          HR departments & Pointy Haired Bosses don't know how to really advertise for what skills they really need and develop, manage & keep the employees they already have. My experience was mostly in the IT/Computer field

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              ·  7 years ago 

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