9
Mrz
2005

Death of the dollar

by Jarret Wollstein

International Society for Individual Liberty

03/07/05

Is a dollar crash now inevitable? It looks more and more likely. During the past three years, the dollar has fallen over 25% against major currencies like the euro and Swiss franc. If that isn't enough cause for concern, in just the last few months America's major creditors -- Chinese and Japanese central banks, which together hold $906 billion of the $1.1 trillion in treasury notes held outside the U.S. -- have made it clear they will not continue their support of the dollar. In the future they'll keep assets in other currencies such as the euro or in gold. That could strongly depress the value of the dollar. OPEC has also been slowly moving out of the dollar and into euros and gold...

//www.isil.org/towards-liberty/death-of-dollar.html


Informant: Thomas L. Knapp
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