UCLA Extension Business Insights

Ep. 90 - Part 2: Other Countries Working to Create a New Reserve Currency


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Part two of this two-part series. Since the beginning of 2023 the majority of the world’s population and countries (China, Russia, India, Saudi Arabia) are collaborating to create a new reserve currency. The impact of another reserve currency could be quite serious for the U.S. government in selling its Treasury Notes/Bonds as well as creating new shortages as well as new long-term inflation. Bottom line: if successful, we’ll no longer to be able to take debt refinancing or wealth accumulation for granted much longer.
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