America and the Dollar Illusion

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  • ForteCash
    Confirmed User
    • Feb 2006
    • 3278
    #1

    America and the Dollar Illusion

    America and the Dollar Illusion

    By Gabor Steingart

    The dollar is still the world's reserve currency, even though it hasn't deserved this status for a long time. The devaluation of the dollar can't be stopped -- it can only be deferred. The result could be a world economic crisis.

    Read the entire article: http://www.spiegel.de/international/...440054,00.html


    About the Author:

    Gabor Steingart, 44, heads DER SPIEGEL's Berlin office. His last book was titled "Germany: The Decline of a Superstar" and, like "World War for Prosperity," was a bestseller in Germany. Steingart was chosen as "The Economic Writer of the Year" in 2004.

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    • GigoloMason
      Confirmed User
      • May 2005
      • 742
      #2
      Lawlerskates. Amazing that an article that long can completly ignore why the dollar IS still the world's reserve currency as opposed to the historical alternatives.

      I'd really like to meet a sensationalist author who could write an article that provided even a semblance of a balanced arguement and still get their point across

        Comment

        • polish_aristocrat
          Too lazy to set a custom title
          • Jul 2002
          • 40377
          #3
          interesting article
          I don't use ICQ anymore.

            Comment

            • marketsmart
              HOMICIDAL TROLL KILLER
              • Dec 2004
              • 20419
              #4
              checking out the article...

                Comment

                • JimiJimi
                  Confirmed User
                  • Aug 2006
                  • 483
                  #5
                  US$ vs Euro$ is in a free fall because of interest rates differential. in other words the fed will be force to raise rates or allow to the dollar to fall.
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                    Comment

                    • Dollarmansteve
                      Confirmed User
                      • May 2005
                      • 2849
                      #6
                      the US abandoned its strong dollar policy over a decade ago, (the strong dollar is the primary reason for its insane current account deficit). Things do not happen with currencies like the US dollar or Euro, Yen, etc without being allowed to happen.
                      I died.

                        Comment

                        • JimiJimi
                          Confirmed User
                          • Aug 2006
                          • 483
                          #7
                          Originally posted by Dollarmansteve
                          the US abandoned its strong dollar policy over a decade ago, (the strong dollar is the primary reason for its insane current account deficit). Things do not happen with currencies like the US dollar or Euro, Yen, etc without being allowed to happen.
                          This shit is out of control now that the Chinese control so many $$$.
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