Almighty

November 22, 2019 admin123@ No comments exist

Almighty

The US dollar remains almighty.  It makes up 2/3 of international debt & 2/3 of global currency reserves.  Oil & gold are priced in dollars.  Kidnappers of ships & people demand dollars.  European firms buy European planes in dollars.  Even when the US is the source of the problem, as in the 2008 global financial crisis, investors seek refuge in dollars.  Why? Because the US dollar has no strong challengers

Guessed the Word?            Series 51 (6/7)            pic: tumisu

 

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