Washington – Tear Down Your Wall Against Currency Competition
December 15th, 2009 by Ron Holland
Although the faltering dollar could rebound in the short run, the longer-term prognosis is terminal unless Washington dramatically reduces spending and borrowing. When the global run on treasury debt and the dollar develops, the current relative minor fluctuations in values will be replaced by a virulent death spiral of historic proportions seen few times in world history.
Phi Beta Iota: Above is just one of hundreds of stories along the same lines.
