Still, we might not be far from the day when these Central Banks reach the conclusion that USD is too hot a potato to try to hold on its way down, and find better things to do with their reserve money.
Such as....
Gold ? the Dinar ? maybe... or ?
The Euro... I doubt it... Yen, not likely...
Unless the US economy completely collapses, I do not see a viable alternative... with the exception of China, most currencies are basket cases, worse than the dollar... a case of dumb and dumber ? -g (in the land of the blind, the one eyed is king)
And...
A lower dollar may help many US corp to weather this re-adjusting period while the US figures out in which way they can "fit productively" under the current transformation of wealth (from West to East). After all, there is a lot of technology in which the US is leader.
The Europeans are not helping their own case by not lowering rates, I suppose they are enjoying a stronger currency (as it is mentioned, in the article posted, easing inflation in their own economies by cheaper imports)...
Stakes getting higher in this poker game. |
