- George Gammon
Is the — DOLLAR IN THE LAST INNING — of its dominance? Here’s the intel and answers YOU NEED! This is Part 2 of 2. The Federal Reserve has set up varies schemes to relieve the pressures of US dollar denominated debt outside the United States. The problem is they don’t work well in most cases. Like the US, commercial banks in other countries are usually required as a transfer mechanism. If the banks aren’t willing to lend to a failing business as an examples the newly printed dollars just sit at the Federal Reserve. So if the US dollar appreciates it’ll cause several countries, and maybe countries to go bust. If this happens on a global level it could be the final push or motivation required for everyone to abandon the US dollar fiat currency system.