When the dollar talks back

When the dollar talks back – Opinion – International Herald Tribune

I guess that the joyride can’t last forever – at some point you’ve gotta pay the tab. As my dad is fond of saying, “There ain’t no free lunch.”

We’ve already seen that this government will do anything to ensure dollar hegemony, but there are forces here that may be unstoppable. This administration has pursued a fiscal policy that is clearly unsustainable – while at the same time, allowing the rise of a formidable currency competitor in the Euro.

A run on the bank is hard to stop . . .


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: