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Sunday, June 21, 2009
The death of the dollar?
interrogation surrounding the faith of the dollar have increased dramatically after the spectacular arrest of two Asian citizens last week trying to smuggle $134bn in US state bonds from Italy to Switzerland at the Monte Chiasso border , Switzerland is very known amongst investors and tax invaders for being a tax haven with a very strict banking secrecy ...The British paper The Telegraph is wondering if the Dollar is Dead and have published an article entitled " Is this the death of the dollar? "
read the entire article here :
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This should not come as a surprise. These events happen in light of the use of FIAT currency.
ReplyDeleteBut I hope the dollar will not totally collapse by imposing as soon as possible sound monetary policies, and going to a pure gold standard.