Future US Dollar Worthless?
Is it true that one day the US dollar could be totally worthless?
Future US Dollar Worthless? (Hover)
End Of Empire - The 'De-Dollarization' Chart That China And Russia Are Banking On :
China's economy will overtake America's in purchasing power terms within the next few years. The US is now no longer the world's sole economic superpower and indeed its share of world output (On a PPP basis) has slipped below the 20% level which we have seen was a useful sign historically of a single dominant economic superpower. Ref. Source 1
Russia may ban circulation of US dollar:
The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA's Moscow correspondent reports. If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year Ref. Source 7
So long as America makes enemies and keeps making them then it will be easier for countries to pull away from the US dollar. When they're also a world economic power its even easier to do so.
International Level: Politics 101 / Political Participation: 5 0.5%
Treasury Dept. To announce Hamilton will stay on $10 bill, Harriet Tubman will replace Jackson on $20 bill
Treasury Secretary Jack Lew will announce that Alexander Hamilton will stay on the front of the $10 bill Wednesday, while anti-slavery activist Harriet Tubman will go on the $20 bill, the Associated Press reported. A group of women voting rights activists will appear on the back of the $10 bill, Lew is expected to announce. Ref. USAToday.