New global reserve currency on Al Jazeera English

April 3, 2009

What a strange thing to say. That the US would wage war to stop people dumping the dollar? I don’t agree. What would that possibly accomplish? We can’t stop people from choosing their own means of exchange, nor can we blame anyone for losing faith in ours. The Fed essentially killed the dollar two weeks ago. We’re just watching it bleed out, and it won’t take long.

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