4min chapter

The Bridge to China cover image

Why are there more countries trading in currencies other than the dollar now?

The Bridge to China

CHAPTER

The Importance of Diversifying to Multiple Currency

In the 1970s, there was a lot of investment going to Latin America. But starting in 1980, the US stopped flushing Latin America with all the US dollars. So imagine on the side of Latin America, like things were going well for years, no one thought that this income of dollars would stop. And let's say you are a business person who invested billions or millions in Latin America. All of a sudden, your source of new funding was cut off. The U.S. is like yeah, I'm sorry, it was created this financial crisis in Latin America In a way, it was all on purpose, but we don't know why.

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