The American economy is very important to us in our daily lives, but it is much more than that. Many people never realize to what extent the value of the U.S. Dollar plays with the rest of the world. Besides the U.S., other countries are tied to our money, making it a cornerstone of the world economy.
Official users of the U.S. Dollar are United States are: El Salvador, Panama, Ecuador, along with U.S. territories, Panama Canal Zone (1903-1979), Puerto Rico, Northern Mariana Islands, U.S. Virgin Islands, American Samoa, Guam, Trust Territory of the Pacific Islands (1947-1994), and United States Minor Outlying Islands.
UNOfficial users of the U.S. Dollar are: The Bahamas, Barbados, Cambodia, East Timor, Haiti, Lebanon, Liberia, Maldives, Marshall Islands, Federated States of Micronesia Palau, Zimbabwe, Caribbean Netherlands, British Virgin Islands, Turks and Caicos Islands, Cayman Islands, Bermuda, and British Indian Ocean Territory.
Many other countries base their currencies value (called pegging) directly on the value of the U.S. Dollar, such as: Aruban Florin, Bahamian Dollar (at par), Bahraini Dinar, Barbadian Dollar, Belize Dollar, Bermudian Gollar (at par), Cayman Islands Dollar, Cuban convertible Peso, Djiboutian Franc, East Caribbean Dollar, Eritrean Nakfa, Hong Kong Dollar, Jordanian Ginar, Lebanese Pound, Netherlands Antillean Gulden, Omani Rial, Panamanian Balboa (at par), Qatari Riyal, Saudi Riyal, Trinidad and Tobago Dollar, United Arab Emirates Dirham, and the Venezuelan Bolívar.
When the U.S. Dollar is inflated, deflated, regulated, or influenced in any way, it not only affects us, but the rest of the world very quickly. The Federal Reserve Bank and the World Monetary System plays a huge role in the governing of the world and all transactions. The golden rule of finance: “He who has the Gold rules,” never more true than today. Your savings account is merely a number, someone else determines the value. THINK ABOUT IT!!
The FRB will always cause the dollar to drop in value. Look at what you could buy for $100, last year, ten years ago, fifty years ago…. The real comparison is what will 1 hour of labor buy, then and now.
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