U.S. Dollar
Analyst: World on Verge of U.S. Dollar Collapse One economist is predicting that U.S. dollar will soon be replaced by another monetary unit as the world’s reserve currency. Could this mean a U.S. dollar collapse is now inevitable? Famous Dutch economist and hedge fund manager, Willem Middelkoop, predicts…
Will This Threaten a U.S. Dollar Collapse in 2016? The International Monetary Fund (IMF) has approved the inclusion of the yuan (or renminbi), the Chinese currency, in its basket of reserve currencies, threatening a U.S. dollar collapse. The IMF’s Executive Council, which brings together representatives of the Washington-based…
The U.S. dollar has risen significantly against other major currencies over the last few months. This already has and will continue to negatively affect U.S.-based companies with global operations. This isn’t rocket science; as the U.S. dollar increases in value, companies with business outside of the U.S. will…
For the U.S. federal government’s fiscal year, which ends this Tuesday, the Congressional Budget Office (CBO) predicts a budget deficit of $506 billion. (Source: Congressional Budget Office web site, September 26, 2014.) But just because our annual deficit is declining, that doesn’t mean our national debt is rising…