reserve currency

Dollar Dominance: Why the World Runs on US Dollars

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Dollar Dominance: Why the World Runs on US Dollars Dollar dominance is one of the most powerful and least understood facts about the modern world. The US dollar is not just America’s money — it is, in a very real sense, the world’s money. It is used to price oil, to settle international trade between … Read more

Why Fed Decisions Move the Whole World: The Ripple That Reaches Everyone

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Why Fed Decisions Move the Whole World: The Ripple That Reaches Everyone Why Fed decisions move the whole world is one of the most important questions in global economics — and one of the most surprising. When a committee in Washington changes a single interest rate, the effects are felt by a farmer in Brazil, … Read more