America and the Dollar Illusion - GoFuckYourself.com

ForteCash · 11-24-2006, 11:20 AM

America and the Dollar Illusion

By Gabor Steingart

The dollar is still the world's reserve currency, even though it hasn't deserved this status for a long time. The devaluation of the dollar can't be stopped -- it can only be deferred. The result could be a world economic crisis.

Read the entire article: http://www.spiegel.de/international/...440054,00.html

About the Author:

Gabor Steingart, 44, heads DER SPIEGEL's Berlin office. His last book was titled "Germany: The Decline of a Superstar" and, like "World War for Prosperity," was a bestseller in Germany. Steingart was chosen as "The Economic Writer of the Year" in 2004.

GigoloMason · 11-24-2006, 11:27 AM

Lawlerskates. Amazing that an article that long can completly ignore why the dollar IS still the world's reserve currency as opposed to the historical alternatives.

I'd really like to meet a sensationalist author who could write an article that provided even a semblance of a balanced arguement and still get their point across

polish_aristocrat · 11-24-2006, 01:07 PM

interesting article

marketsmart · 11-24-2006, 01:13 PM

checking out the article...

JimiJimi · 11-24-2006, 01:15 PM

US$ vs Euro$ is in a free fall because of interest rates differential. in other words the fed will be force to raise rates or allow to the dollar to fall.

Dollarmansteve · 11-24-2006, 02:11 PM

the US abandoned its strong dollar policy over a decade ago, (the strong dollar is the primary reason for its insane current account deficit). Things do not happen with currencies like the US dollar or Euro, Yen, etc without being allowed to happen.

JimiJimi · 11-24-2006, 02:38 PM

Quote:

Originally Posted by Dollarmansteve

the US abandoned its strong dollar policy over a decade ago, (the strong dollar is the primary reason for its insane current account deficit). Things do not happen with currencies like the US dollar or Euro, Yen, etc without being allowed to happen.

This shit is out of control now that the Chinese control so many $$$.

11-24-2006, 11:20 AM	#1
ForteCash Confirmed User Join Date: Feb 2006 Location: Kansas City, Missouri Posts: 3,278	America and the Dollar Illusion America and the Dollar Illusion By Gabor Steingart The dollar is still the world's reserve currency, even though it hasn't deserved this status for a long time. The devaluation of the dollar can't be stopped -- it can only be deferred. The result could be a world economic crisis. Read the entire article: http://www.spiegel.de/international/...440054,00.html About the Author: Gabor Steingart, 44, heads DER SPIEGEL's Berlin office. His last book was titled "Germany: The Decline of a Superstar" and, like "World War for Prosperity," was a bestseller in Germany. Steingart was chosen as "The Economic Writer of the Year" in 2004. __________________ NO PILLS - NO EXPENSIVE STRETCHERS - JUST REAL EXERCISES THAT WORK! "Upsell Your Members The Top Penis Enlargement Site!" Link Exchanges & Traffic Trades www.penilefitness.com/links/ ICQ: 63935693 $50 per trial with www.ForteCash.com

11-24-2006, 11:27 AM	#2
GigoloMason Confirmed User Join Date: May 2005 Posts: 742	Lawlerskates. Amazing that an article that long can completly ignore why the dollar IS still the world's reserve currency as opposed to the historical alternatives. I'd really like to meet a sensationalist author who could write an article that provided even a semblance of a balanced arguement and still get their point across __________________

11-24-2006, 01:07 PM	#3
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	interesting article __________________ I don't use ICQ anymore.

11-24-2006, 01:15 PM	#5
JimiJimi Confirmed User Join Date: Aug 2006 Location: Ft. Lauderdale, Florida Posts: 483	US$ vs Euro$ is in a free fall because of interest rates differential. in other words the fed will be force to raise rates or allow to the dollar to fall. __________________ Call or Click http://18666WebCam.com

11-24-2006, 02:11 PM	#6
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	the US abandoned its strong dollar policy over a decade ago, (the strong dollar is the primary reason for its insane current account deficit). Things do not happen with currencies like the US dollar or Euro, Yen, etc without being allowed to happen. __________________ I died.

11-24-2006, 01:13 PM	#4
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	checking out the article...