Currency

US Dollar as the Global Currency

US Dollar as the Global Currency

The best thing the dollar has going for it is that its challengers are weak. The euro represents a monetary union, but there’s no central taxing and spending authority. Italy’s recent woes are only the latest challenge to the euro zone’s durability. China is another pretender to the throne. But China’s undemocratic leadership is wary of the openness to global trade and capital flows that having a widely used currency requires. In a December interview with Quartz news site, Eichengreen said, “Every true global currency in the history of the world has been the currency of a democracy or a political republic, as far back as the republican city-states of Venice, Florence, and Genoa in the 14th and 15th centuries.”

Will Bitcoin Blow Up The Internet?

Will Bitcoin Blow Up The Internet?

If blockchain-based technologies and cryptos are used on a large scale, particularly for processing transactions, the BIS (Bank for International Settlements) predicts it will overwhelm the current capacity of the net.

China & LatinAmerica: US is Losing Tides

China & LatinAmerica: US is Losing Tides

Trouble developing an endogenous manufacturing sector. The U.S. undermined Latin American manufacturing, and then Europe did the same. "With China, it's the same cycle all over again with a different international power,"

The Value of Metal: Silver & Gold

The Value of Metal: Silver & Gold

This article is a compilation of three true stories about precious metals. The first two are proof that precious metals are an excellent store of value. The last one reminds us to be cautious of market cycles and to time our gold purchases accordingly.