First, there must be an underlying weakness. The expert stressed that interest rate hikes would only worsen the current situation, as all the facets of American society that are leveraged to the hilt, including individuals, corporations, the federal government, state and local governments. A dollar collapse would create global economic turmoil.
RT News App. White South African farmers claiming persecution at home seek refuge in Australia. The weak dollar gives the government an opportunity to service the debt more easily.
If the dollar becomes weak, then the goods valued in yuan and yen will cost relatively more in the United States. Today at 05: According to Schiff, there's no way to avoid the chaos and normalize things.
Ru should be made. Tuesday's US stock plunge following a massive selloff on global markets is seen by some analysts as a sign of more bad things to come.
Inflation, high interest rates and volatility will suppress the growth of the real sector.
Today at 15: Depending on your definition of a collapse, the Russian currency calamity during 2016 could be considered another example. Media News. Totem and Taboos of the terminal West.
Partner Links. The euro accounts for only 30 percent, whereas the yuan and other currencies account for only ten percent. World's 15 richest cities revealed - and the list contains a few surprises.
There is a reverse side to it too.