Is the US Dollar still as good as gold throught out the world ?

1 Answer

Answer :

answer:No. Not just due to the exposition of the inherent wobbliness of finance-“based” economies, but also due to strengthening and stabilization of local currencies and the success of the euro. Oh also animosity towards the US for their global agenda and hypocrisy. In russia, for example, they are beginning to favour euro over dollars, though the local currency (rouble) has become much more stable as well, and some oil producing nations are considering switching to trading oil in Euro, just to spite the USA presumably.

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