Has the US dollar finally met is match as a global reserve currency? Since the Second World War, the dollar has held sway thereby boosting America's economy but as with its military, so with its currency, challengers have emerged. China has made a strong presence by introducing an alternate currency clearance system through the China International Payment System to bypass the European-based SWIFT. Is the US dollar about to lose its clout...
Islamic Iran and Russia have signed a massive trade deal that would be conducted in their local currencies bypassing the US dollar. Countries around the world are getting fed up with US policies and are abandoning trading in dollars.
