The status of the US dollar as the world reserve currency gives the US a number of advantages over other countries. The world’s most important commodities are priced and traded in dollars, even if most of these commodities are not produced in the US. The fact that the world’s financial system is based on the dollar allows the Federal Reserve to export inflation to other countries, while the Federal Government runs a huge deficit with impunity.This article provides a perfect segue to my yesterday's commentary in relation to Marshall's excellent study entitled "Large Corporations Seek U.S.–European 'Free Trade Agreement' to Further Global Dominance".
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Tuesday, May 14, 2013
Russia's Plan For The BRICS To Dismantle The Dollar System
Click here to access article by Valentin Mândrăşescu posted on Testosterone Pit.