Money 101: The US Dollar

in LeoFinancelast year

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We hear a lot about how the US dollar is going to collapse and how the end is near. Of course, in some circles, this is the mantra for the past 30 years.

In this video I discuss what makes the US dollar so strong and how it is going to keep going as the currency of choice for businesses all over the world.


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Hey bro! I've improved my English a lot, but I'm still sure I miss a lot of what you say hehe. I think things will continue the way they are going for a few more years, since I was a kid I have heard about the dollar falling, but every year I saw it getting stronger. Evidently everything has changed now, but I think there will be a few more years of the same old movements. This is quite a reflection, good of you to mention it and share your point of view...

For Asian gold trading, is the Tokyo Commodity Exchange (TOCOM) starting to be overtaken by the Shanghai Gold Exchange?

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I firmly agree with this. The US dollar is so ingrained and widely used worldwide that it will be difficult to change that. A concerted effort from all the top economies is difficult to succeed because of all the debts and trades that include the US. I have heard of BRICS, but with the losing war of Russia, and the tumbling economy of China, I don't see it doing much.

The dream of US dollar collapsing is mere fiction. Since I born, US dollar has been our means of exchange. How can it collapse? It is used widely worldwide for foreign exchange. Let's leave the illusion.

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