DOLLAR: GOING, GOING….
COMMENTS:
This for Action Research Forum;
The Russian empire was down by first their currency was down. In simple terms people do not understand complexity of international parity, what they the cost of candle stick is going up or down for cost of living dearness. Similarly lot international money dealings are now dependent upon strength of US$. The associated link with $s are shattered then entire economic balance would be shaken. Single currency strength was measured with $s, now the falling economy is coming to same situation as Russian empire fall. So, economic recovery is more important than military supremacy of allies. Those days are over when US was freehand commanding the world. In simple words currency strength is strength of the country.
Dollar: Going, Going …
Saturday, 11 February 2012 05:00 Adrian Krieg
“The dollar has been the world reserve currency since 1944 and the Keynesian Fabian socialist economic palaver in New Hampshire’s White Mountains. They all should have paid more attention to Lord Keynes.
The situation is now gradually getting desperate, which is proven by America’s attempt to isolate Iran financially. An effort by Hillary Clinton to choke Iran’s economy by financial blackmail has failed miserably. Iran has concluded trade agreements with India to deal in gold, with Russia to deal in rubles and with China to deal in yuan. Those three, by the way, are Iran’s largest by volume trading partners. Other nations that are avoiding the dollar are Venezuela, Cuba and any number of additional South American states…..”
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