Fiat currencies have short shelf lives.
Populism rises as currencies fail. And the world's enormous debt-load means there's plenty more to come.
Think of the world economy as a sedan chair in which the America's government and consumers are carried by the world's producers.
The most interesting economic question of 2020 involves Donald J. Trump (as usual)
In August 1971 the US government refused to give European central banks gold owed to them. The euro was set up to ensure this would not happen again.
A simple way to understand crazy changes to the global currency system … As it falls apart.