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Dollar’s days as dominant currency numbered

Posted on 19 January 2009

From Bdafrica.com: For the world monetary system, the financial crisis which erupted in the summer of 2007 is a cataclysmic shift that will prove every bit as significant as the outbreak of the First World War (which heralded the sterling’s demise as a reserve currency) and the suspension of gold convertibility in 1971 (which marked the end of bullion’s monetary role).

The crisis marks the passing of an era in which the US dollar has been the world’s undisputed reserve currency for making international payments and storing wealth….. Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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