FINANCIAL BUZZ | The Dollar – Part VI

  The Dollar – Part VI By Barrio Bee   In 2001, Venezuela tried to switch to Euro for all oil sales. Within a year, there was a coup attempt. Despite the fact that the leadership was democratically elected. The U.S. was sympathetic to those who plotted against that leadership And was embarrassed by the […]

FINANCIAL BUZZ | The Dollar – Part V

        The Dollar – Part V By Barrio Bee   In November 2000, Saddam demanded Euros for Iraq’s oil. This arrogance was a direct threat to the dollar; Even though Iraq’s military might was not considered a threat. Still…  a major initiative of the new administration in 2001, Was to get rid […]

FINANCIAL BUZZ | The Dollar – Part IV

            The Dollar – Part IV By Barrio Bee   As long as foreign countries accept the dollar as a medium of exchange, The U.S. comes out ahead – a benefit Congress fails to recognize. Bashing China for the positive trade balance with the U.S.– Leads to a loss of […]

FINANCIAL BUZZ | The Dollar – Part III

  The Dollar – Part III By Barrio Bee         Shortly after Nixon took the world off the gold standard, OPEC agreed to price oil in U.S. dollars exclusively. This gave the dollar a special place among world currencies; In essence… The dollar was backed with oil. In return, the U.S. promised […]

FINANCIAL BUZZ | The Dollar – Part II

    The Dollar – Part II By Barrio Bee     During the late 19th century thru the early 20th century, The U.S. grew in economic and military power; Investments in foreign countries grew; European control was not tolerated. President Taft designed a policy– To protect U.S. commercial interests from the Europeans; It was claimed an […]

FINANCIAL BUZZ | The Dollar – Part I

Check out our new Consumer Buzz with Raine! Bee. The Dollar – Part I By Barrio Bee Back in the day… a fair trade required the exchange of items of perceived equal value… We all know it better as the barter system… Then along came the discovery of gold and its universal attraction… Talk about […]