Ad Majorem.....Wealth Builders
From Money News | February 15, 2013
There are many indications that the US Dollars is losing its status as the world's leading currency. Many countries showing willingness to use other currency for their trades. Its share of world currency trade has shrunk from 90% of the total in l952 to merely 15% according to Bove, VP of equity research at Rafferty capital markets. The yen, euro's, Chinese yuan share has been increasing
The US Dollar has lost much of its value; and this is critical for the US economy. US can no longer print money to pay its debt; it must pay up...
The loose policy of US Federal Bank and wanton spending of US government, and growing lack of credibility of politicians may have to do with this?
Is the dollar still almighty?
Do you agree with Bove?
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