Tag Archives: DOLLAR DEMISE

DOLLAR DEMISE

GREETINGS,

EVERYONE BUT AMERICA SEEMS TO KNOW THAT HER DOLLAR IS DONE.I SHOULD SAY EVERYONE KNOWS BUT THE AVERAGE AMERICAN PUBLIC…BUT THE TRUMPET IS BLOWING TOOTING THE DEMISE;”Will the Dollar still be the World’s Reserve Currency in 5 Years?”
Interview with Menzie Chinn

By Mike Whitney

October 29, 2009 “Information Clearing House” — 1-Mike Whitney: What is the present composition of reserve holdings in central banks–and has there been a substantial falloff in US dollar reserves in recent years? (Are central banks ditching the dollar?)

Prof. Menzie Chin: I’ve found it puzzling that there’s all this talk about the prospects for the dollar, in the wake of the G-20 meetings, and more recently World Bank President Zoellick’s comments about the primacy of the dollar as a reserve currency. My puzzlement arises from the fact that many of the concerns now being voiced have been voiced before. Continue reading