How The Big Three Power's Currencies Work. Where They Meet, And Why The Dollar Is Not Collapsing. Friday's Edition
The Long Chain: The Dollar, The Yuan, And The Ruble. Series 37 #3
Monday’s Edition showed that the world uses the dollar because money moves freely and American courts enforce contracts the same for everyone. Wednesday’s Edition showed that China and Russia control their currencies and limit how money moves in and out of their nations. This edition shows what happens where the three meet: how they trade against each other, how Russia came to depend on the yuan, and why the dollar, though it is slowly losing ground, is not being replaced.
The same power that makes the dollar strong also drives some countries to use it less.
