22 Dec 2017
The US dollar has long been the reserve currency of the world but by virtue of being the leading global currency it is also the leading backer of debts and deficits. With the United States not having a true budget surplus since 1960, and trade deficits in place since 1975, the dollar is in steep decline.
The 2008 Financial Crisis:
The 2008 crisis came about from sub-prime (high risk) mortgage lending in the United States and high levels of default on payments. Debts were called in by ...