Wednesday, November 13, 2013

US Dollar and World Trade

It's only a matter of time that the US Dollar will lose its status of being the international trading currency. It's already happening. Super rich Americans have either transferred a large chunk of their money and wealth out of USA, or they themselves have moved to another country. Singapore is a favorite choice. The center of world economy has already gone to Asia. In just a few more years, China will overtake USA and become the largest economy in the world.

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