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Banking May 17, 2024

Thomas Massie introduces bills to audit, abolish the Federal Reserve

Legislation has been introduced by Rep. Thomas Massie, R-Ky., has that seeks to end the Federal Reserve central banking system which has been in operation since 1913.

World December 13, 2023

Javier Milei, newly elected Argentinian president, begins 'shock therapy' by devaluing peso against dollar

Argentina's new government has announced that it is devaluing its currency by more than 50% against the US dollar as part of a drastic effort to combat the nation’s economic woes.

OPINION August 21, 2023

China, Russia-led bloc wants to dethrone US dollar, upend world order

The China, Russia-led BRICS bloc aims to challenge the U.S. by creating an alternative currency to the dollar. The group, including Brazil, India, South Africa, to meet this week.

OPINION August 14, 2023

Mr. Monopoly would be a better Fed chairman

The initial Monopoly money supply when the game was first sold in 1935 was about $37 billion, almost exactly the same as the M2 money supply of $39 billion.

OPINION May 3, 2023

China's war on our dollar is really about ruling the world

China has been waging war on the U.S. dollar for years.

Brazil May 2, 2023

Brazil's Lula, Argentina's Fernández look to eschew US dollar as peso's value crumbles

Argentine President Alberto Fernández met with Brazilian President Luiz Inácio Lula da Silva on Tuesday to examine means of flouting U.S. dollar usage in international commerce.

Africa April 28, 2023

Zimbabwe to introduce gold-backed digital currency

Zimbabwe will launch a gold-backed digital "token" currency next month in a bid to stem the rapid and drastic devaluation of its dollar.

VIDEO April 8, 2023

US dollar being attacked from all sides: Jim Rickards

‘Currency Wars’ author Jim Rickards reacts to China and Malaysia reviving a proposal to reduce dependency on the US dollar as other countries look beyond the dollar for a new global currency.

Russia April 6, 2023

Ruble down to pre-conflict value against dollar

The ruble fell Thursday to a rate of 81.375 against the U.S. dollar, a 35% fall from its value in January just before Russia's invasion of Ukraine.

VIDEO April 5, 2023

This administration is no longer protecting the dollar: Peter St Onge

Heritage Foundation economist Peter St Onge explains what would happen to the U.S. if the dollar was no longer the world reserve currency on ‘Jesse Watters Primetime.’

US Dollar February 2, 2023

Dollar strengthens as oil prices stabilize

Oil prices settled at lower rates Thursday as the U.S. dollar also strengthened, making crude oil more expensive for buyers outside the country.