Articles

Conditions beyond the control of the U.S. government may exist for a collapse of the almighty dollar.
Hyperinflation and government spending hallmarking the U.S. economy over the past three years haven’t helped keep the dollar’s value as stable as economists and everyday Americans had hoped.
However, a more likely trigger for the dollar’s precarious situation exists outside our nation’s borders.
It is the acronym BRICS, which stands for Brazil, Russia, India, China, and South Africa.

Two major U.S. banks — Silicon Valley Bank and Signature Bank — closed in March 2023. But while these shut downs came as a shock to the general public, there is some positive news for the average bank account holder: Over the last two years, banking has shifted to favor the depositor. Not only have the amount of banking fees dropped, but consumers’ interest earnings have risen dramatically — with interest rates seeing particularly notable increases in the third and fourth quarter of 2022.

It’s a mixed bag when it comes to calling a recession for the U.S. economy sometime this year. Most economists still see a recession as the U.S. Federal Reserve sends signals of more interest rate hikes to decelerate inflation.
The good news is people are working and unemployment is low. Also, consumers have continued to spend—more recently on services, but the buying of goods, in particular durable goods like big-ticket items including appliances and cars, could slow down. That would be a positive because it would help drive slower inflation.