The Dollar’s in Trouble, but Not for the Reason You Think - Business Fast

The Dollar’s in Trouble, but Not for the Reason You Think - Business Fast

New payment systems allow users and banks to bypass the U.S. currency and sanctions. READ SOURCE The post The Dollar’s in Trouble, but Not for the Reason You Think first appeared on Business Fast.

The Dollar’s Power, Sanctions, and the Global Pushback: How Iran is Challenging US Economic Hegemony

The US dollar has been the world’s dominant currency for nearly a century. This status has granted the United States immense political and economic power, often referred to as the “exorbitant privilege.” It allows the US to run massive trade deficits while other countries must work hard, producing goods and services to earn the dollars needed for global trade. Meanwhile, the US can simply print its currency to pay for imports. Where most countri…