Dollar Coming or Going? – It is not so easy to kill a reserve currency – The Daily Bell

Dollar Coming or Going?

The Daily Bell – by Staff Report

Greenback debased and doomed? Not so fast  … “As far as investors are concerned, there’s an old saying: don’t fight the Fed. The Fed has a larger credit line than you do.” Indeed, one of the main reasons why the dollar has been under pressure in recent months has been the diversification of reserves by central banks, mainly in Asia, away from the US currency. These reserve managers have been accumulating dollars as they fight to stem the appreciation of their currencies. But, if the Federal Reserve is really trying to debase the dollar, it may need to rethink its strategy. In spite of the prospect of cheap US money flooding currency markets, the dollar has rallied since the central bank’s decision last week to embark on another round of Treasury bond-buying. – Financial Times

Dominant Social Theme: The dollar is healthier than you think.

Free-Market Analysis: It is common knowledge that the dollar is doomed and that the powers-that-be seem to be in a hurry to consign it to the grave apparently prepared for it. But this Financial Times article makes an argument that we have made in the past: It is not so easy to kill a reserve currency. (No surprise there as the Financial Times along with the London Times and the Economist magazine act as major outlets for power elite plans.) Yes, there are reasons in fact, as the article excerpt above points out, why even printing another trillion or so dollars may not have a substantial impact. In this article, we shall further examine this supposition.

3 Comments

  1. Hi I am so glad I found your weblog, I really found you by accident, while I was looking on Aol for something else, Anyways I am here now and would just like to say many thanks for a fantastic post and a all round interesting blog (I also love the theme/design), I don’t have time to look over it all at the moment but I have book-marked it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the fantastic work.

  2. you must read authentic coach bag with confident for more detail

  3. to buy ugg clearance suprisely and check coupon code available

1 Trackback

  1. Buy Backlinks (Trackback)