Another week ticks by and we are still juggling everything in the economy and out to look normal. The banks become more unstable, and more military equipment is ordered and then produced to throw into yet another brewing ‘war front’. We follow the money and see once again the ‘military,
Below is an interesting chart reflecting the life of various currencies since 1400. The current wisdom seems to be that the dollar is doomed. I think in reality this is true, BUT, the majority of world trade is still carried out in USD, even though it is changing rapidly. The financial systems are mostly USD orientated.
The US has the largest and most diverse economy in the world, although the strength of the Chinese economy appears to rival the US economy in many respects. The Renminbi is however not traded worldwide yet, but does have an established international bond market which is growing and presents real competition to the USD.
Trump believes that a weaker dollar will enable cheaper exports – and therefore create more jobs to Make America Great Again – which would make the greenback more competitive against other currencies.
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