War drags the dollar down
AntiWar.Com
by Ann Berg
03/15/07
See the faint jet plumes overhead? Once soaring high through the celestial sphere of finance, the dollar is starting to lose orbit — tugged by the drag of war. But this time it’s different. It’s different because war is being waged in a monetary climate that has no precedent: an inflationary fiat monetary system, a derivatives bubble, a pesky PATRIOT Act, and a bulging trade deficit with China. The confluence of the four spells trouble for the dollarized system, a system that broke away from the gold-backed Bretton Woods arrangement in 1973...
http://www.antiwar.com/orig/berga.php?articleid=10671
Informant: Thomas L. Knapp
by Ann Berg
03/15/07
See the faint jet plumes overhead? Once soaring high through the celestial sphere of finance, the dollar is starting to lose orbit — tugged by the drag of war. But this time it’s different. It’s different because war is being waged in a monetary climate that has no precedent: an inflationary fiat monetary system, a derivatives bubble, a pesky PATRIOT Act, and a bulging trade deficit with China. The confluence of the four spells trouble for the dollarized system, a system that broke away from the gold-backed Bretton Woods arrangement in 1973...
http://www.antiwar.com/orig/berga.php?articleid=10671
Informant: Thomas L. Knapp
rudkla - 15. Mär, 13:55
