The world reserve currency is still the USD and more than 60% of all the reserves with central banks are still based on the USD, and only approximately 25% are in Euros. Therefore, many more governments and pressure groups are dependent on the USD and have an interest in not disclosing the truth about the actual state of the dollar. Also, in terms of global trade the USD is still the prevailing currency, especially as long as the USD keeps its hegemony over the Middle East and its oil reserves. In addition, specifically related to the USD, there is a single institution that has decisive power. It is therefore much more reactive than the Euro system with different central banks and different nations, each with their own national political agendas. Therefore, the power of the Euro is much more limited, which makes it also more fragile and vulnerable.
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2018 Sprott Natural Resource Symposium
Start date: July 17, 2018
End date: July 20, 2018
Location: Vancouver, British Columbia, Canada
Sprott Natural Resource Symposium in Vancouver, July 17-20… a sell-out event that offers more and more value every year. Over four days at the Fairmont Hotel in downtown Vancouver, you’ll hear it all from some of the world’s foremost financial experts, including Andrew Schectman! In between listening to cutting-edge ideas and research from the industry’s top experts, you’ll have plenty of time to network and socialize with everyone at the Symposium – speakers, exhibitors and your fellow attendees.