Tag: Finance
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Leaving the U.S. Dollar as the Reserve Currency
Why Does the World Need a Dictator’s Dollar? Why is the world still using the U.S. dollar as the world’s reserve currency. Since America has nothing to offer Canada or Europe, maybe it’s time to drop the dollar for the Euro. “Since President Richard Nixon abandoned the gold standard in 1971, the dollar has been…
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Could America Lose its Unipolar Economic Position As the Preeminent Reserve Currency?
America’s perceived downward spiral, greatly accelerated by trump, may well lead to a truly multipolar economic world, where foreign banks increase the value of other currencies from the world’s most stable countries financially. Central banks around the world are holding more and more diversified currencies from countries with strong economies. All these currencies provide diversification…