
Monday Dec 09, 2024
T.H. Williams, Ph.D. and CFP®, and Managing Director, Virtuent Wealth Management Group
Understanding how and why the U.S. dollar is the dominant currency in the global market may further explain why the top wealth managers are not concerned about it's overall stability.
While there will always be fluctuations in the markets and around the world which influence whether a dollar is higher or lower in value over the course of a year, there are many reasons to understand why the U.S. dollar reigns supreme.
T.H. Williams (Ph.D. and CFP®), Managing Director of Virtuent Wealth Management Group explains the fundamentals of what it takes to be a currency and the intricacy of how and why the U.S. dollar is the world's most integrated and stable currency. See how it performs against in other markets and currencies as well. Learn what the following aspects of currency mean for our dollar.
- Store of Value
- Medium of Exchange
- Unit of Measure
Also, learn while other currencies would love to topple the U.S. dollar's supremacy, (The BRIC for example, ((Brazil, Russia, India* (Iran), and China)), the likelihood of that occurring will be frustrated indefinitely by geo-political factors, and the fact that the only thing the BRIC nations have in common, is their mutual distain for the United States.
What About Digital Assets? Listen in to T.H. Williams as he unpacks this and more in the audio interview of his popular article, "De-Dollarization: Should We be Concerned?"
Original article: https://issuu.com/healthycoloradanmediagroup/docs/north_oct-nov_rev_1032023 (Pages 10 and 11).
*India has become less of a factor on the geo-political front against the U.S. Dollar and U.S. interests, and Iran has increased its position and volatility against U.S. interests.
NOTE: This interview and article are NOT financial advice from Mr. Williams or Virtuent. This is an educational interview and overview about global currencies and the position of the U.S. Dollar as of December 2024. To acquire financial advice, you will need to establish a formal relationship with a Certified Financial Planner. For more information about Virtuent, go to: https://www.virtuentwmg.com/