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Alasdair Macleod: No escape from the dollar as the currency standard

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Chris Powell
GATA
Published : August 15th, 2014
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Category : GoldWire

Developing countries may be able to trade with each other without the U.S. dollar but so many dollars are floating around the world and constituting so much of central bank reserves that there may be no getting away from the dollar standard without crashing the world financial system. That's the argument today of GoldMoney research director Alasdair Macleod, whose commentary, headlined "No Escape from the Dollar as the Currency Standard," is posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/no...e-dollar-as-...
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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glasstiger   8/15/2014 at 4:49 PM GMT
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I wouldn't go as far as saying there is "no escape" from the US dollar.
The world may be quite different by the time 2040 rolls around.
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I wouldn't go as far as saying there is "no escape" from the US dollar. The world may be quite different by the time 2040 rolls around. Read more
glasstiger - 8/15/2014 at 4:49 PM GMT
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