All money issued by governments must have a basket of foreign currencies to back-up. But US$ has no pledge at all. With just a word " I owe you", US can issue tonnes of dollars into the market. And now it's banks have defraud in payment to their depositors. Can we trust US$ again? Looking at US economy now, what can US exportt to other countries? Most consummable and inustrial products made in US are too expensive to export. Weapons ? Airplanes? Oils ? agriculture products ?
Catégorie : Personal Finance
Par : Explorer
