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09-11-2007 10:31
World dumping US dollar
It is looking as though the Econophoria may be over - according to top conservative US economist, writer, academic AND humanitarian Dr Paul Craig Roberts the World is finally, necessarily slowly dumping the US dollar: The End is near! World dumping US$ mostly out of self interest but some hopefully following his advice (see: Stop war! Save Iran!Dump the$ ), QUOTE: "If the rest of the world would simply stop purchasing US Treasuries, and instead dump their surplus dollars into the foreign exchange market, the Bush Regime would be overwhelmed with economic crisis and unable to wage war. The arrogant hubris associated with the “sole superpower” myth would burst like the bubble it is. 
 
The collapse of the dollar would also end the US government’s ability to subvert other countries by purchasing their leaders to do America’s will. 
 
The demise of the US dollar is only a question of time. It would save the world from war and devastation if the dollar is brought to its demise before the Bush Regime launches its planned attack on Iran." END QUOTE 
 
Also see Paul Craig Roberts on China's whip-hand China threat to dollar is real.
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