#5 of 6: Emerging Market Currencies Are Now Going to Lead the Dollar?
Summary:
- Advanced economies typically led major changes in the US dollar versus emerging economies, when compared from the starting point of freely trading fiat currencies in 1971.
- For the first time since the dollar went off of the gold standard, advanced economies are losing their power to lead the value of the USD.
- Now the future of the dollar is equally tied to emerging and advanced nations, signifying the end of G7 power and the rise of G20 power.
- China’s plan is to conquer the world from the bottom up.
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