The United States dollar is the world’s reserve currency. Simply being put that a majority of the countries around the world base their value of assets in dollars, commodities like oil, are purchased in dollars. After World War 2, the United States replaced the English Pound as the world currency. This was due to a strong United States military and a dominant economy during the industrial production. The dollar was also back and based by gold. So it was a secure investment.
Another major economic term that most people seem to ignore is debt. Debt however will be the main reason for coming collapse of the global economy. It’s debt which has got this country into this trouble in debt, and it will be debt that will usher us into the next chapter of history. We all analyze our own personal debt we borrow for things like our homes, cars, and credit cards. We believe there to be good debt and bad debt. A big deception taught has been that there is actually good debt. This is false. Its never good to owe anyone. It reduces your net worth and takes away from your amount of control. We kind of understand that about ur personal debt, but most don’t ever think about this point on a global level.
Inflation is a secret tax that the average citizen pays everyday, but never sees it or understands it. It's simply the rising of prices. When things cost more today than they did yesterday. The mainstream media reports inflation in the U.S. to be controlled by the Fed and kept low. Mos people believe that because they have never seen the need to question their source or governement. But if one understood inflation it would be easier to understand better if inflation was being kept low. You’d just continue to ask yourself are you paying more for the same stuff today than you did last year. Are you able to buy the same portion size or amount? Of course we’re not! Prices keep going up, the dollar is not going as far. This is inflation.