The Economic Consequences of Losing Dollar Dominance on Everyday Americans
Losing the US Dollar as the global reserve currency would lead to higher costs for goods and services, rising inflation, and increased borrowing rates, directly affecting everyday Americans’ purchasing power and financial stability. The shift away from the dollar could also weaken the US’s geopolitical influence, disrupt global trade, and slow economic growth, ultimately challenging the nation’s economic dominance.
EXPAT LIFE: U.S. Citizens With Old Tax Bills Can Easily Settle Their Tax Bills Using The IRS “Offer In Compromise”
For U.S. Citizens who are Expats living outside the USA, sometimes one can get into a situation where the IRS says you owe them money. What to do? Well, first, it’s always best practice to deal with it straight on. Now being an Expat gives you certain leverage that US Citizens who live within the […]