Le Dollar – World’s Reserve Currency? (November 28, 2011)
. . .
7 “Why did America invade Iraq?”
8 “. . . . Why do you ask?”
7 “Why did America join in the bombardment of Libya.”
8 “. . . . Why do you ask?”
7 “What if something much more subtle is also partly at play. Look thoughtfully at some snippets of information from obscure sources. What if there were credible challenges and even direct threats to the dollar’s position as the world’s reserve currency?”
8 “The problem is that America is not likely to invade or bomb some of the countries that are considering the denomination of some transactions in something other than the dollar.”
7 “America may be learning that it cannot invade and bomb its way out of every situation.”
8 “The world still flees to the dollar when it needs a secure haven, yet the flight is motivated by fear not love and may be temporary.”
7 “The breaking point will occur when a critical mass of countries abandon the dollar as the reserve currency. Enough individuals in power in America realize what will transpire.”
. . .
[See the “e-ssays” under the “Category” titled “Dollar – World’s Reserve Currency”]
Bumper stickers of the week:
In God We Trust; Ingot We Trust
China : USA; Germany : Europe
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