Tuesday , 17 October 2017


Currencies

Canadian Tire Money & Other Unusual Money Alternatives

11-10-24-canada

The rise of alternative payment methods like Bitcoin and Apple Pay has reduced our everyday reliance on cold, hard cash. With that in mind, we took a look at some of the weird and wonderful things that have been used as alternatives to money around the world, some of which are still in use today.

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Exodus From U.S. Dollar Has Begun – Got Gold?

Gold-bars-on-100-and-50-dollar-bill

Before the U.S. dollar became the world's reserve currency that honor was held by Britain, then France, the Netherlands, Spain & Portugal and the U.S. dollar is no less susceptible to succumbing to the same change. In fact, many nations have been actively turning their back on the dollar over the past decade.

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Implications of Declining Dollar Will Be Major

dollar bubbles

Western central banks, by debasing their currencies, have produced little more than financial ammunition for speculation on a grand scale. We saw the effect of a flood of this accumulation into the dollar over the last 18 months, and we are about to see the opposite effect as it ebbs away. What will the implications be?

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Currencies of These Countries Have Been Replaced By, or Pegged to,the U.S. Dollar

dollar-cash-money-hundred

It is the size, stability, and liquidity of a country’s financial markets that are the major underlying factors to determine the strength of a reserve currency and, as such, the U.S. dollar is the world’s most dominant reserve currency, making up about 64% of all official foreign exchange reserves. The USD is so dominant, in fact, that more and more countries around the world are pegging their currencies to the dollar as illustrated in this video.

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