More signs of looming demise of dollar as reserve currency
Tuesday, April 2nd, 2013If the U.S, dollar loses its status as the global reserve currency, we are in for a rocky ride. We’ve pointed this out before, here . . .
The dependence kills good-paying jobs thereby reducing both household purchasing power and government revenue. It creates a serious trade imbalance righted by the sale of paper securities. Yet the value of those securities depends on a dollar whose strength has been steadily diminishing as our debt increases and the Federal Reserve maintains unusually lo...
