The COVID-19 pandemic has had a devastating impact on the world’s economy. The Consumer Price Index (CPI) rose by 5.4% from the previous year, with a third of it being caused by the prices of used cars and trucks due to a global semiconductor shortage as a result of the lockdowns. However, consumers have also…
As reported by Dion Rabouin at Axios, an unprecedented shift toward gold has been led by the financial authorities of the world in what appears to be a move away from the US dollar. The World Gold Council reported that central banks bought a historic high of 374.1 tons of gold this year. While this…
by Micah J. Fleck Well, this isn’t good news for China. Reports now saying that the Yuan is “on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.” Yikes. The report continued: “The central bank was more inclined to release depreciation pressure on the…
By Lina Bryce The U.S. Dollar is used to conduct business on a daily basis, seldom provoking any thought to the symbols and their significance that are prevelant throughout the printed bill. Here is a short list of some found on the U.S. Dollar bill. 1. The Great Seal Generally, The Great Seal of the United States is used to…
Well here’s something you don’t see every day. California is actually lifting one of its limits on what people are allowed to do. A new law signed by state Governor Jerry Brown last Saturday removes a ban on using currencies other than the U.S. dollar. The move is in response to the growing use of…