Joe The Investor

The US became the world’s richest nation by manufacturing quality products in house and trading them all over the world. America built up the largest trading book after World War II. US Treasuries became the safest and most widely traded debt globally. The US accumulated the most gold reserves after the war and they are not letting anyone verify if they are still there. Gold is one reason why the US dollar was used as the reserve currency, and access to cheaper oil through Saudi Arabia is another. The US has large influence over the IMF and World Bank which solidify its global reach. As the debt spirals upward, the empire is showing signs of cracking. U.S. debt is now often cited as a large problem as the American taxes have increased, unemployment has soared and world influence is waning.

China began to enter the world economy in a big…

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