Tuesday, October 6, 2009

The Changing Economic Order



The United States dollar (sign: $; code: USD) is the unit of currency of the United States. The U.S. dollar is normally abbreviated as the dollar sign, $, or as USD or US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. It is divided into 100 cents (200 half-cents prior to 1857). Link
The U.S. dollar is the currency most used in international transactions.Several countries use it as their official currency, and in many others it is the de facto currency. Since the close of World War 2, the dollar has maintained a positon of stability and hegemony in world economic affairs. The stability and strength of the dollar as an international currency has resulted in extensive foreign investments in the past 50+ years. Following the current economic crisis and continuing recession, will the United States' Dollar (U.+S. = $) now take a backseat to the Euro or new alternative currencies?

The end of the supremacy of the Yankee Dollar ?

China, Europe, Middle Eastern nations and the demise of the dollar?

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Current Reading

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Current Listening

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