US Dollar is perceived as the world's reserve currency due to the strength and power of the US military. Period.
It is the "Petrodollar" agreement that Nixon put into place when he destroyed the gold-backed US Dollar (which had been the world's reserve currency due to the Bretton Woods agreement in 1945, post-WWII).
Keep an eye on the Russian Ruble (relative value to the US Dollar -- or RUB/USD currency pair). The Ruble crashed in February 2022 on the invasion of Ukraine, bottomed on March 7, 2022, and has been rising versus the USD ever since.
Currently, it is the only currency in the world showing strength against the USD. When (not if, but when) the USD starts to tank, something else will rise in its place.
Will it be the Ruble?
- Chinese Yuan is crashing
- Japanese Yen is crashing
- Other Asian currencies are crashing
- Euro is crashing
- British Pound is crashing
- But ... Russian Ruble ... going up? Hmm ...
Now that I think about it some more ...
Is it possible that the US government will try to impose a block against Americans investing in Russian assets, including the Ruble, even if it strengthens against a declining US Dollar?
Just a thought.
US Dollar is perceived as the world's reserve currency due to the strength and power of the US military. Period.
It is the "Petrodollar" agreement that Nixon put into place when he destroyed the gold-backed US Dollar (which had been the world's reserve currency due to the Bretton Woods agreement in 1945, post-WWII).
Keep an eye on the Russian Ruble (relative value to the US Dollar -- or RUB/USD currency pair). The Ruble crashed in February 2022 on the invasion of Ukraine, bottomed on March 7, 2022, and has been rising versus the USD ever since.
Currently, it is the only currency in the world showing strength against the USD. When (not if, but when) the USD starts to tank, something else will rise in its place.
Will it be the Ruble?
- Chinese Yuan is crashing
- Japanese Yen is crashing
- Other Asian currencies are crashing
- Euro is crashing
- British Pound is crashing
- But ... Russian Ruble ... going up? Hmm ...
Now that I think about it some more ...
Is it possible that US government will try to impose a block against Americans investing in Russian assets, including the Ruble, even if it strengthens against a declining US Dollar?
Just a thought.
US Dollar is perceived as the world's reserve currency due to the strength and power of the US military. Period.
It is the "Petrodollar" agreement that Nixon put into place when he destroyed the gold-backed US Dollar (which had been the world's reserve currency due to the Bretton Woods agreement in 1945, post-WWII).
Keep an eye on the Russian Ruble (relative value to the US Dollar -- or RUB/USD currency pair). The Ruble crashed in February 2022 on the invasion of Ukraine, bottomed on March 7, 2022, and has been rising versus the USD ever since.
Currently, it is the only currency in the world showing strength against the USD. When (not if, but when) the USD starts to tank, something else will rise in its place.
Will it be the Ruble?
- Chinese Yuan is crashing
- Japanese Yen is crashing
- Other Asian currencies are crashing
- Euro is crashing
- British Pound is crashing
- But ... Russian Ruble ... going up? Hmm ...