By Lisa Haven
From Russia to China, to Venezuela, multiple countries across the globe have made moves to dump the US dollar, and now, the country of Iran has announced that purchase orders by merchants that are based on US currency are no longer allowed to go through import procedures. In other words, Iran is officially banning the use of the US dollar.
That means that more economic turmoil could hit us here at home. Considering Trump’s announcements of tariff taxes on China steel exports, this could ignite future tensions between the two countries, leaving America in dire straights.
To add a little rule to the fire the Federal Reserve officials are saying that the economy is ready for higher interest rates.
Truth is, we could be headed towards economic turmoil a little sooner than we’d like. All that and more below…
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