Is the dollar's status as the world's reserve currency in jeopardy? How are U.S. officials responding? And should the average American be worried? Full Story »
Posted by Michael Bugeja
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Well researched article about whether or not the U.S. dollar can maintain its position as the world's reserve currency. This report provides good factual evidence and expert viewpoints from multiple sources to address rumors that Gulf Arab countries might stop pricing oil in dollars. In the process, this story provides useful context about the larger issue of America's fiscal strength and future role in the global economy.
The article provides lots of opinions, but without facts and data the opinions all sound like posturing of people with an academic interest, a political interest, or a financial interest.
The 1980 to 2009 export of production jobs and knowledge, along with huge deficits to pay for wars of choice and to cover tax cuts for the ... More »
the dollar’s status is “fragile” but it is “not quite in demise yet because there is not a clear strong alternative.” More »
Matthew Jaffe of ABC News continues to follow up on the disastrous fiscal policies of Bush (continued by Obama) in destroying the worth of the dollar by printing more money and spending trillions to shore up Wall Street rather than Main Street. The ramifications of policies by Paulson and Bernanke will be experienced far more than they are now, especially if China requires us to back up the greenback.
Check my past stories on NewsTrust about the destruction of the dollar when Paulson and Bernanke bailed out Wall Street by giving banks money with ... More »
States should not “take for granted” the dollar’s status because it will be challenged in the future by a growing number of other options. More »
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