I’ve said it before and I’ll say it again – the US dollar is the most important price in the world.
The dollar is the global reserve currency, the international money of default.
Global commerce thinks in dollars.
It’s the pricing mechanism for essential materials. Commodities like oil, copper, gold and wheat, are traded in US dollars.
The majority of international debt – and there is even more debt than essential commodities – is traded in dollars. The IMF thinks in dollars.
