Coming soon, the erosion of the greenback

Inefficient monetary and fiscal programs mean that a lot more money may need to be spent and printed to achieve what policy makers would like to achieve. Amongst the unintended consequences caused by such policies may be a weakening of the US dollar.

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    COMMENTS

    Pravin

    10 years ago

    Shadi Katiyal,

    Nobody knows re. paper currency that will replace dollar.The dollar based system is only 37 years old.It is not a golden truth -just a passing fad in the grand scheme of things monetary. Paper currencies have come and gone thousands of times.It if futile to pretend to know which folly will replace the current fancy

    Shadi Katyal

    10 years ago

    It is intersting to read all these doom and gloom stories and Indian press loves to mpublish and gloat over it.

    Here is the question for all readers?
    we all know US Dollar is a world trading currency but what will replae it?
    Let us hear about your knowldge about this subject as I find such gloom and doom articles ofte.
    Maybe the editor can shed some light too

    The mother of all bubbles

    China’s huge arsenal of reserves is increasing its global influence. The trouble is, China is trapped in an arrangement of its own making. As China and other Asian nations buy more and more US treasuries, it becomes harder to unload them without causing huge capital losses. That’s one of the biggest bubbles building up.

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    Another financial tsunami looms large

    The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation. Europe’s monetary union is now facing a severe crisis.

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