Theory

In part I of our dollar milkshake series, we began with a brief history of fiat currency and outlined the role of the U.S. dollar in global economics systems. In part II, we delve deeper into the theory and apply it to today’s economic environment. The U.S.

In this three part series, we explore the impending sovereign debt crisis dubbed the dollar milkshake theory. Part one provides the background: the role of U.S. currency in global economic systems and the globe's debt problem. Part two outlines the dollar milkshake theory and what it means for fiat