Friday, October 7, 2011

Requiem for the U.S. Dollar


The dollar is faith-based . . . . There’s nothing behind it but Congress. And now the world is losing faith, as well it might. The greenback is a glorious old brand that’s looking more and more like General Motors.
 . . . James Grant
In The Wall Street Journal

For more on the end of the dollar standard and what it portends, click here.

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