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A common desire among multiple bloc members is to level a global economic playing field they feel is over reliant on the U.S. dollar. But for a new currency to replace the dollar, it would need ...
“America is broke right now, and we saw that coming back in 1971, you know, Nixon took the dollar off the gold standard, and then this became trash,” he said during a recent Fox Business ...
Last year's consensus was that the U.S. economy was headed for a recession, but that didn't happen. This year's consensus is that we'll have a soft landing, in which the economy slows but won't ...
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
Paul Kennedy posits that continued deficit spending, especially on military build-up, is the single most important reason for decline of any great power. The costs of the wars in Iraq and Afghanistan were as of 2017 estimated to run as high as $4.4 trillion, which Kennedy deems a major victory for Osama bin Laden, whose announced goal was to humiliate America by showcasing its casualty ...
By June 2020, the slump in US continental flights due to the coronavirus pandemic had resulted in the US government temporarily halting service of fifteen US airlines to 75 domestic airports. [129] The New York Times reported on June 10, 2020, that "the United States budget deficit grew to a record $1.88 trillion for the first eight months of ...
Falling birth rates have put major global economies on the path toward "population collapse," according to a report from McKinsey Global Institute. By 2100, some counties could see their ...
But central banks still rely heavily on the U.S. dollar, with the currency accounting for 58.41% of reserves in the fourth quarter of 2023 — compared to the euro at 19.98%, the Japanese yen at 5 ...