U.S. Credit Rating Downgraded to Same Level as Brazil?

October 17, 2013 at 11:04 AM EDT

The U.S. government, after winning World War II for the Allies, was very convincing. It told central banks around the world that they should hold the U.S. dollar as their reserve currency instead of . . . → Read More: U.S. Credit Rating Downgraded to Same Level as Brazil? Similar posts: What the Elephant Trying to Get into the Pool Said About Gold Recently, Alexandre Gautier, the director of market operations at the... First-Quarter Demand for Gold Jumps 19% in China, 27% in India This doesn’t make it easy to understand for investors who... Why Gold is Up – BRIC Countries Are Buying Gold is used in jewelry, decoration, and manufacturing, but investors...

171013_PC_lombardi The U.S. government, after winning World War II for the Allies, was very convincing. It told central banks around the world that they should hold the U.S. dollar as their reserve currency instead of gold, based on the idea the U.S. dollar would be backed by gold. Only limited amounts of U.S. dollars could be printed, because the currency was tied to gold bullion. … [visit site to read more]