Price shocks around the world are related to one primary evil: the collapsing US dollar.
It’s about time: folks at the UN are recommending that the world ditch the US dollar in favour of a shared reserve currency. Original Reuters story here . For years (arguably, decades), the US has dominated the world economic scene because they’ve been very effective in having everything trade in US dollars, including commodities, treasuries and other securities. The commodity shock that the world felt […]
Please note that any opinions related to this or other articles on this blog do not constitute financial advice. Any action that you take should be done so only with the advice and support of a financial planner or registered advisor. The US is about to lose its AAA financial rating . The thought ‘no shit’ is the first to come to mind. These people […]
In the past, I’ve tried to assess the impact that the declining US dollar has on international commodity prices. Link 1 . Link 2 . Link 3 . At the core, I believe that we (as global citizens) are making a mistake by tying our commodity prices and products to the US dollar. To quote the old adage "you don’t put all of your eggs […]