Currency Wars: Ruble/Yuan Trading

It's undeniable that modern economies run on energy and that oil is one of the more useful forms of energy. One of the principal values that still undergirds the value of the U.S. Dollar is the fact that the major Middle East nations still sell oil priced in Dollars. You might not know that Russia [...]

By |2010-11-23T16:18:53-05:00November 23rd, 2010|Economy|0 Comments

Dollar Being Eliminated from Foreign Trade

One of the roles of the "world reserve currency" is its use as a primary currency of choice in settling international trade. This literally means that foreign trade, even between non-U.S. trading partners, is settled in U.S. Dollars. This is done advantageously by both trading partners; by the purchaser because dollars are readily available, and [...]

By |2010-09-14T15:54:26-04:00September 14th, 2010|Economy|0 Comments

Featured Video

Go to Top