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Wednesday, February 15th, 2012

Posts Tagged ‘ KOF ’

The Fed’s Talk Won’t Save the Dollar

Jul 3rd, 2008 | By Bill Bonner | Category: Politics & Economics

Editor’s Note: Bill Bonner in The Daily Reckoning says the recent slide in the dollar is nothing compared to the all-out collapse that could be on its way. Central banks throughout the world are holding $5 trillion, and some are getting worried about the greenback’s decline. Meanwhile, the euro and gold are become increasingly attractive holdings. If global central banks start dumping their dollars, it could mean the end of the global financial system as we know it…