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What is the petrodollar system and how does it impact the world economy

Petrodollar is simply the U.S. dollars paid to any oil-exporting country in exchange for crude oil. To ensure availability of crude oil, the United States patronizes many oil-exporting countries. Over the years, the United States has purchased oil from so many...

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What is the FIRE (Financial Independence, Retire Early) movement?

What is FIRE? It is an acronym that stands for Financial Independence, Retire Early. The main aim of the movement is to seek financial independence as a strategy to retire early. Instead of working to retire at 70, the proponents of the FIRE movement are planning...

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Reserve currency and its role throughout history

Reserve currencies have existed in some form or another for centuries. As cryptocurrencies rise in popularity, is it possible that they may become the new reserve currency? First, let's look at what a reserve currency is.

A reserve currency is a single currency...

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Warren Buffet's Opinion on Bitcoin and Blockchain

Bitcoin is, by all accounts, a highly controversial topic. The increasingly popular form of crypto-currency has seen its popularity soar in recent years as its use is backed further by influential figures and companies alike. However, not everyone shares the...

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