Post Tagged with: "Dollar"

Towards a New Gold Standard? Or a Currency War with China?

Towards a New Gold Standard? Or a Currency War with China?

Rumors have it that the remaining months of 2020 may bring drastic and explosive changes in the world’s financial system. But such “doomsday” rumors have been floating around every beginning of fall during the last few years. Why? – The US dollar is getting weaker and weaker. It is not quite on a free fall, but still remains a major[Read More…]

by October 6, 2020 World
The end of the US$ and the U.S. military

The end of the US$ and the U.S. military

Train of thought To start with, here are some recent quotations that weigh heavily on the negative aspects of the US$ and its role as the global reserve currency, also known as the petrodollar. One of the current global issues is refugees, in Europe and elsewhere: These waves of migration – and the anti-immigrant backlash that has done so much[Read More…]

by September 17, 2020 World
U.S. dollar’s grip on global markets might be over, warns Goldman

U.S. dollar’s grip on global markets might be over, warns Goldman

Goldman Sachs has issued a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. Goldman Sachs Group Inc. has put a spotlight on the suddenly growing concern over inflation in the U.S. With the U.S. Congress closing in on another round of fiscal stimulus to shore up the pandemic-ravaged economy, and[Read More…]

by July 30, 2020 World
Explaining The Dollar: How It Became The Global Currency And What It Means For You

Explaining The Dollar: How It Became The Global Currency And What It Means For You

    Most working people think of the buck as the way they pay their bills. But its use goes far beyond the USA’s borders. The greenback is the major world currency for trade and finance. This international role bestows vast power on the U.S. government and the rich. But its status doesn’t help ordinary people much. Fundamentally, the exchange[Read More…]

by June 7, 2017 World