The Dollar's Reserve Currency Role is Drawing to an End
By Paul Craig Roberts
If the world is unwilling to continue to accumulate dollars, the US will not be able to finance its trade deficit or its budget deficit. As both are seriously out of balance, the implication is for yet more decline in the dollar's exchange value and a sharp rise in prices.
http://www.informationclearinghouse.info/article19205.htm
http://freepage.twoday.net/search?q=reserve+currency
http://freepage.twoday.net/search?q=Paul+Craig+Roberts
If the world is unwilling to continue to accumulate dollars, the US will not be able to finance its trade deficit or its budget deficit. As both are seriously out of balance, the implication is for yet more decline in the dollar's exchange value and a sharp rise in prices.
http://www.informationclearinghouse.info/article19205.htm
http://freepage.twoday.net/search?q=reserve+currency
http://freepage.twoday.net/search?q=Paul+Craig+Roberts
rudkla - 28. Jan, 05:41
