Wednesday, August 3, 2011

The long good bye

Dollar’s Reserve Status Is Waning, U.S. Treasury Borrowing Committee Says

The committee of bond dealers and investors that advises the U.S. Treasury said the dollar’s status as the world’s reserve currency “appears to be slipping” in quarterly feedback presented to the government.
Full text
Comment: Different from the times of earlier warnings, the demise of the dollar can no longer be stopped now.

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