The WealthAbility Show with Tom Wheelwright, CPA cover image

Financial Cold War

The WealthAbility Show with Tom Wheelwright, CPA

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The Dollar Is Not Just the Reserve Currency for the World

Dollar is not just the reserve currency. It's also a medium of exchange for trade and investment around the world. The demand from inte for this international trade and investment for dollars, that's driving part of the serious in balances thatyouare seeing in the financial system to day. This has had asy very negative consequences, not just on small, emerging market countries that have been subject to the lows of volatility,. but also to the us. Itself. So how does t you know, everything' trade in dollars, particularly petroleum is traded in dollars? How does that effect us, consumers, us business, compared to the rest of the world?

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