“Dollar’s future unstable”
Published: 05 August, 2009, 23:09
Edited: 26 August, 2010, 13:03
TAGS: Crisis, Politics, Currencies, Economy
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.
05.08.2009, 22:16
5 comments
Not all empires die in Afghanistan?Unlike Britain and the Soviet Union in the past, America's goal in Afghanistan is not to occupy the country, but to prevent it from harboring terrorists, says Megan Ortagus of the Institute for the Study of War. |
06.08.2009, 02:43
“Obama unwilling to look weak over AMD issue”US President Barack Obama’s advisers do not want to him to appear weak in dealing with Russian concerns about an anti-missile defense system in Eastern Europe, says Joseph Cirincione, president of the Ploughshares Fund. |
Webster Tarpley is a "larouchie", part of the team of the American (Democrat) politician Lyndon Larouche, and that is why he talks about Gold and dislikes the Euro...
This is and has been the agenda for the european central bankerswho under the disguise as the federal reserve will collapse economy in order to continue the war economy that has been the bankers power since 1910. When the peoples stop banking then what will the bankers do then?