Dollar versus Global Currency: World Leaders Deny US Dollar's Demise

ABC News by Matthew Jaffe | Oct. 7, 2009 (News Report)

Is the dollar's status as the world's reserve currency in jeopardy? How are U.S. officials responding? And should the average American be worried? Full Story »

Posted by Michael Bugeja

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Dwight Rousu
3.5
 by Dwight Rousu - Oct. 8, 2009

The article provides lots of opinions, but without facts and data the opinions all sound like posturing of people with an academic interest, a political interest, or a financial interest.

The 1980 to 2009 export of production jobs and knowledge, along with huge deficits to pay for wars of choice and to cover tax cuts for the privileged few who own government have all imperiled the dollar. China will own US corporations and dictate policy unless financial strength is restored. And global warming disasters will not help.

the dollar’s status is “fragile” but it is “not quite in demise yet because there is not a clear strong alternative.”

But everybody is looking for the exit. Think BRIC – Brazil, Russia, Iran, China.

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Dwight's Rating

Overall
3.5

Average
from 14 answers
Quality
3.6
Facts
3.0
Fairness
4.0
Sourcing
5.0
Style
3.0
Context
3.0
Depth
3.0
Enterprise
4.0
Relevance
5.0
Popularity
3.0
Recommendation
3.0
Credibility
3.0
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