The Dying Dollar
Paul Craig Roberts

United States

#1 Nov 23, 2013
The Dying Dollar

Paul Craig Roberts
November 23, 2013

Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base.

Now China is going to let the dollar decline further in value. China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of the growing avoidance of the dollar to settle trade imbalances means that the dollarís role as reserve currency is coming to an end, which means the termination of the US as financial bully and financial imperialist. This blow to the dollar in addition to the blows delivered by jobs offshoring and the uncovered bets in the gambling casino created by financial deregulation means that the US economy as we knew it is coming to an end.
hands on ar

Gurnee, IL

#2 Nov 24, 2013
Yeah and none of you people give a dam this country as a whole is falling apart, but u got ur I phone and facebook and mtv so what else matters bunch a sissys
no one cares

Gurnee, IL

#3 Nov 24, 2013
Amen brother

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