| Video: Death of the Dollar 2 - Part 2 |
|
|
| Contributed by Max Keiser | |
 Max Keiser "The US economy is teetering into recession and the dollar is tumbling. For years everyone was worried about whether the great vendor, China, would continue funding America's massive debts, but it is the Middle East where we see the most dramatic evidence of the dollar losing its reserve currency status. The massive unfunded costs of the War in Vietnam forced the nearly bankrupt US off the gold standard in 1971. And today the trillion dollar cost of the Iraq War is equally driving down the dollar. Trade partners recognize that America will have to print dollars to have to pay for the war. The combination of America's wars, America's cheap money policies, China's rising energy needs has seen the price of oil skyrocket. And 'petro dollars' have come flooding into the Gulf Region..."
Also on taosplaza.com: Death of the Dollar Part 1. |
| < Prev | Next > |
|---|
