If you're struggling to understand how the dollar is valued and what role debt plays in its price, read this excellent article by Desmond Lachman. In it, he explains why the dollar is weakening, but nonetheless is still the global currency of preference. He also neatly explains why the Chinese have us over a barrel.
http://american.com/archive/2009/march-2009/q-a-how-to-think-about-the-u-s-dollar
1 comments:
It depends what country your talking about. In Panama-A dollar is a dollar but every where else not worth damn-"would have said dime but...LOL!! more currency"
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