95 - The Death of the US Dollar?
The Red Line
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The Importance of Free Market Currency
There are usually three types of currencies, the first being closed currencies. This is currency that doesn't trade outside its own borders to prevent market manipulation or runs on the bank. The second category is manipulated currencies which do trade across borders and are held in reserve by some countries. But these countries still have a degree of capital control in their currency where they can artificially inflate or deflate its value. Third and the most important category for this conversation today are free market and free floating currencies. These are currencies like the United States dollar, the British pound and the euro.
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