Like the best health care system in the world, bar none, the (formerly almighty) US Dollar is high up on Obama’s list of targets for destruction.
Add the United Nations to a list that includes China and Russia in calling for an alternative to the dollar as the world’s sole reserve currency.
A United Nations panel has recommended a multilateral currency regime instead.
. . .
Nobel laureate economist Joseph Stiglitz argues that the dollar is indeed in trouble.
“Higher deficits spark market concerns over future inflation; concerns of inflation contribute to a weaker dollar; and both come together to undermine the greenback’s role as a reliable store of value around the world,” he wrote in The Atlanta Journal Constitution.
Obama has decided, this will be the end of the line for the US Dollar, a symbol of human greed which comes only from capitalism. Obama’s work on the US Dollar is just about done.