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glasstiger
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Alasdair Macleod: No escape from the dollar as the currency standard - Chris Powell - GATA

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.

Commented 3709 days ago

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Beginning of the headline :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/re... Read More

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