The Danger of Global Crisis Is at the Door
Monday, 3 October 2022
Our economy is relatively well-off right now. However, the global recession and crisis looming at the door have the potential to be a serious issue.
DARK clouds hang low, portending the storm of crisis. Any moment now, that storm can crash upon us. The exchange rate of virtually every currency to the United States dollar is under intense pressure. A global monetary crisis can erupt at any time.
The yen, for example, has lost almost 25.4 percent, year to date. The pound sterling fell until it was almost one to one with the US dollar, the lowest since 1985. Yuan, won, and various other currenc...
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