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John Reizner's Way to Wealth

« March 2009 | Main | June 2009 »

The End of the Dollar as We Know It?

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The currency markets, like most other financial markets, rise and fall partly based on international confidence in the economies, politics and monetary and taxation policies of the various nations whose paper money is traded through international exchanges.

The U.S. dollar enjoys a current status as a reserve currency.

The Wikipedia Free Encyclopedia defines a reserve currency as "a currency which is held in significant quantities by many governments and institutions as part of their foreign exchange reserves. It also tends to be the international pricing currency for products traded on a global market, such as oil, gold, etc."

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