The days of the dollar as the world's "reserve currency" may be drawing to a close
Soup Kitchen U.S.A.
By Mike Whitney
The days of the dollar as the world's "reserve currency" may be drawing to a close. In August, foreign central banks and governments dumped a whopping 3.8% of their holdings of US debt. Rising unemployment and the ongoing housing slump have triggered fears of a recession sending wary foreign investors running for the exits. China, Japan and Taiwan have been leading the sell off which has caused the steepest decline since 1992.
http://www.informationclearinghouse.info/article18360.htm
http://freepage.twoday.net/search?q=Mike+Whitney
By Mike Whitney
The days of the dollar as the world's "reserve currency" may be drawing to a close. In August, foreign central banks and governments dumped a whopping 3.8% of their holdings of US debt. Rising unemployment and the ongoing housing slump have triggered fears of a recession sending wary foreign investors running for the exits. China, Japan and Taiwan have been leading the sell off which has caused the steepest decline since 1992.
http://www.informationclearinghouse.info/article18360.htm
http://freepage.twoday.net/search?q=Mike+Whitney
rudkla - 12. Sep, 09:35
