Announcement

Collapse

Economics 301 Guidelines

This is the area where economic theories and trends are discussed.

Balance your checkbook before participating.

Forum Rules: Here
See more
See less

And the global currency war intensifies

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • And the global currency war intensifies

    IMF alternative. Knew it was coming, just didn't think it would happen at the worst possible time; when the US and EU economies are on the brink of another meltdown...

    http://www.foxbusiness.com/markets/2...-to-imf-world/

    It's not so much that some new emerging economic power is going to replace the dollar (when it all comes down, they're coming with us); it's that our foreign creditors are losing confidence and respect in our dollar supremacy, hence, our longevity.
    "I was the CIA director. We lied, we cheated, we stole, it was like... we had entire training courses. It reminds you of the glory of the American experiment." - Mike Pompeo, Secretary of State (source).

  • #2
    US imposing more sanctions on Russia over Ukraine (can't help but correlate it to the BRIC move). This might have been effective and meaningful a decade or two ago, but today US is essentially just shooting themselves in the foot. This will just give the extra incentive for countries that are sanctioned to make strategic moves away from the dollar a lot faster.
    "I was the CIA director. We lied, we cheated, we stole, it was like... we had entire training courses. It reminds you of the glory of the American experiment." - Mike Pompeo, Secretary of State (source).

    Comment

    Related Threads

    Collapse

    Topics Statistics Last Post
    Started by Catholicity, 01-17-2014, 11:50 AM
    605 responses
    96,740 views
    0 likes
    Last Post rogue06
    by rogue06
     
    Working...
    X