The Dollar's Days May Be Numbered

peaceandlove · 03-30-2009, 04:32 AM

The Dollar's Days May Be Numbered

By Associate Editor David Stevenson Mar 27, 2009

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So anyone who holds US dollars could be forgiven for getting a bit twitchy about the value of their holdings. And the Chinese have started the ball rolling. Central bank governor Zhou Xiaochuan has called for a "super-sovereign reserve currency" that would be run by the International Monetary Fund (IMF). Russia, Brazil and India have backed the idea as well.

Now people have been predicting the end of the dollar's status as reserve currency for years. But it's easier said than done. Having the global reserve currency is the main reason that America has been able to rack up the debts it has. Losing that position might be healthier for the global economy in the long run, but it wouldn't be a very comfortable adjustment for the US.

Complete article: http://www.moneyweek.com/investments...red-14694.aspx

Source: http://solari.com/blog/ Catherine Austin Fitts' blog

777 The Great Work · 03-30-2009, 04:40 AM

See stuff like this is a code,thats right in your face.Hold it up to the mirror.

03-30-2009, 04:40 AM	#2
777 The Great Work Avalon Senior Member Join Date: Sep 2008 Location: At the doors of perception Posts: 2,135	Re: The Dollar's Days May Be Numbered See stuff like this is a code,thats right in your face.Hold it up to the mirror.