Darrell

Dollar Danger: Iran's Oil Bourse Steps Up Activity

I don’t think that the Iranian Bourse would have open for business if the owners did not think they could make a profit operating the business. Being in the digital age, and being located in an area where most of the world’s oil and gas is produced, one wonders why it told them so long to begin the business.

I wish them the best.

Banking on Energy (Rather than Currency or Gold)

The dollar gained legal tender status throughout the capitalist world at the beginning of the cold war; and at that time, only France, objected. The focus was fighting the communist's cold-blooded ideology and not on global currency standards. Since that time the dollar became the prime currency for conducting international trade and most of the world’s central bankers have accepted the dollar as legal tender in their country.

Central banks are the black hole for storing excess dollars; they reinvest their dollar holdings in US debt or other debt securities. Some countries have set up wealth funds to invest their excess dollars in wealth producing activities within their own country and other countries.

In a non-digital world, the case could be made for one nation to regulate the distribution of an international currency. Now, the world has changed and the currency system must change with it. As one can see, we have entered into the transition stage, so the question now is: how can investors, companies, and national economy’s thrive in the new era?

As an investor my focus is on wealth making opportunities in North America.