Tag Archives: U.S. dollar reserve currency

Today, more than 60% of all foreign currency reserves in the world are in U.S. dollars - but there are big changes on the horizon...Some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade...[and this shift] is going to have massive implications for the U.S. economy. [Let me explain what is underway.] Words: 1583

Russia is a huge supplier of oil and gas — traded in US dollars — which gives it both leverage over near-term energy flows and, far more ominous for the U.S., the ability to threaten the dollar’s reign as the world’s reserve currency - and it’s taking some big, active steps towards that goal.

Much of the prosperity of the last twenty to thirty years was illusory. We lived beyond our means as a result of easy credit. Now we have the hangover from these good times in the form of excessive debt. [As such,] the background conditions/factors that will influence/dominate our economic future are unique. and pundits and forecasters using traditional economic measures and models are wasting their time and misleading themselves unless they incorporate such factors into their thinking. [Let's take a look at what they are.] Words: 1300