Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.

 

“Dollar’s future unstable”

Published time: August 26, 2010 13:03
Edited time: August 26, 2010 13:03

The dollar’s role as the world's main currency is over and its future is unstable, says author and journalist Webster Tarpley.

Meanwhile, the US Senate could soon approve a $2 billion plan for a car trade-in program called cash-for-clunkers. Its aim is to encourage people to buy more fuel efficient models.

It is all part of the bail-out plan to save the struggling US economy. However, experts fear Obama's methods will lead to an economic crash.

For his part, President Barack Obama has recently said that the US is witnessing the beginning of the end of the recession. He says new figures show progress is being made, with the economy shrinking less than expected.