Currency Diversification Beyond the US Dollar
Worried about where the economy is heading – maybe even a global currency reset? You're not alone.
Worried about where the economy is heading – maybe even a global currency reset? You're not alone.
Clients sometimes ask us for our thoughts on the Global Currency Reset. If? When? How? And what do you need to do to protect against it?
For years, the US Securities & Exchange Commission has tried its best to shut down cryptocurrencies and the companies involved in the digital asset space.
In 1991, a dozen European countries signed the Treaty on European Union, also known as the Maastricht Treaty. Among other provisions, the treaty called for a single European currency: the euro.
We periodically read missives to the effect that "the dollar is doomed." And we have been reading them for many years.
Economist John Maynard Keynes is often quoted as calling it the “barbarous relic.” Soviet revolutionary Vladimir Lenin said he would build toilets out of it, as the ultimate symbol of capitalist waste.
Ever since President Obama signed the ill-conceived “Foreign Account Tax Compliance Act” (FATCA) into law in 2010, I’ve been warning about the death of the dollar.