Tuesday, May 21, 2013

Paul Craig Roberts: Washington Signals Dollar Deep Concerns

http://www.informationclearinghouse.info/article35002.htm?utm_source=ICH%3A+Boston+Suspect%27s+Writing+on+the+Wall&utm_campaign=FIRST&utm_medium=email

Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE).

If the dollar were not the reserve currency, Washington would not be able to finance its wars or continue to run large trade and budget deficits. Therefore, protecting the exchange value of the dollar is Washington’s prime concern if it is to remain a superpower.

The threats to the dollar are alternative monies--currencies that are not being created in enormous quantities, gold and silver, and Bitcoins, a digital currency. 

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