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Causes of Inflation- the Reserve Currency Curse
Posted By admin On 29. March 2011 @ 14:31 In business news | No Comments
Causes of Inflation, Reserve Currency, Gold Standard
From [1] http://www.thegoldstandardnow.org/the-lehrman-gold-standard-articles/john-d-mueller/100-go-forward-to-gold-how-to-lift-the-reserve-currency-curse
Go Forward to Gold - How to Lift the Reserve Currency Curse
THE most disturbing aspect of the current financial crisis is that no U.S. official has correctly identified its primary cause. Experts variously attribute the economic reverses to subprime lending, derivative trading, excessive leverage, and regulation that was either too lax or too strict (take your pick), but these are symptoms rather than causes. Ignored is the main culprit: the dollar’s role as the world’s main official reserve currency. Though he almost certainly doesn’t realize it yet, President-elect Barack Obama will either set the dollar’s reserve-currency status on the path to extinction or risk becoming the next victim of what we call “the reserve-currency curse.”
Read more: [2] http://www.thegoldstandardnow.org/the-lehrman-gold-standard-articles/john-d-mueller/100-go-forward-to-gold-how-to-lift-the-reserve-currency-curse
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URL to article: http://blog.freedomist.info/2011/03/29/causes-of-inflation-the-reserve-currency-curse/
URLs in this post:
[1] http://www.thegoldstandardnow.org/the-lehrman-gold-standard-articles/john-d-mueller/100-go-forward-to-gold-how-to-lift-the-reserve-currency-curse: http://www.thegoldstandardnow.org/the-lehrman-gold-standard-articles/john-d-muel
ler/100-go-forward-to-gold-how-to-lift-the-reserve-currency-curse
[2] http://www.thegoldstandardnow.org/the-lehrman-gold-standard-articles/john-d-mueller/100-go-forward-to-gold-how-to-lift-the-reserve-currency-curse: http://www.thegoldstandardnow.org/the-lehrman-gold-standard-articles/john-d-muel
ler/100-go-forward-to-gold-how-to-lift-the-reserve-currency-curse
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