The U.S. dollar’s day of reckoning may be inching closer as its status as a safe-haven currency fades
Forget what you heard about "printing" dollars and China's growing unease, says hedge fund manager Mark Dow.
The U.S. dollar is expected to strengthen in coming months, but analysts said the currency is steadily losing influence." /><meta name="subsection" content="Business" /><meta name="section" content="Article" /><script type="text/javascript" language="javascript" charset="ISO-8859-1
Commodities, stocks and foreign currencies all rise as investors sell dollars.
Bob Chapman | A stock market crash will make people downright venomous toward this cabal of middle class pauper-makers.
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
With Brazil and Asia intervening to weaken their currencies, Europe must now follow suit.
Clearly, Matt Drudge has developed a fascination with the declining U.S. dollar.
Let me stick my neck out. The dollar will still be the world’s dominant reserve currency in 2030, sharing a degree of leadership in uneasy condominium with the Chinese yuan. It will then regain much of its hegemonic status as the 21st century unfolds.