The Diminishing Dollar
It began as a series of explosive claims in a British newspaper on Tuesday, October 6, and quickly turned into an all-out rout of the already beleaguered U.S. dollar on international markets. By early October 2009, the price of gold, off for several quarters from its all-time highs reached in March 2008, was back above the $1,000/ounce level, driven by concerns that the Federal Reserve’s inflationary activities might seriously undercut the dollar’s strength. Then the bottom fell out. The catalyst was a brief article, “The Demise of the Dollar,” by investigative journalist and longtime Middle East expert Robert Fisk, writing...
Original Article: Forum: News/Activism
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