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| Subject: US dollar 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). 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. [Wikipedia: 2009] The threat of inflation By John Schroy, on March 31st, 2009 |  Leave a comment  The supremacy of the US dollar is not yet dead, but portents of a fatal cancer — inflation — are there for all to see. The extreme, profligate spending of the Obama administration, combined with populist, irresponsible bank lending policies promoted by Barney Frank and Chris Dodd, portend rising interest rates, the collapse of the bond market, and the end of dollar supremacy. Furthermore, a large part of the American electorate doesn’t understand or is unaware of what lies ahead. March 31st, 2009 | Print Article |  Email Article |  Topics: Barack Obama, Barney Frank, Bernard Madoff, Bill Clinton, China, Chris Dodd, Dennis Kucinich, Euronext, executive stock options, Fannie Mae, fiscal deficit, Freddie Mac, General Motors, IMF, industrialization, Inflation, Jimmy Carter, Lyndon Johnson, Monica Lewinsky, Nancy Pelosi, NASDAQ, NYSE, oil, OMX Group, reserve currency, Ronald Reagan, Stock Buybacks, sub-prime mortgages, Timothy Geithner, unemployment, US dollar, Warren Buffett | Category: Inflation, featured | Leave a comment |  Short urlDevaluation threatens investors By John Schroy, on March 30th, 2009 | Leave a comment  In the financial crisis, the US Treasury took steps to protect the dollar as the world reserve currency, allowing AIG funds to pass through to foreign banks and engaging in currency swaps with foreign central banks. However, the Pelosi-Reid Congress, by unprecedented domestic spending, has raised a real possibility of future high-level inflation. It will be up to US voters whether government finances return to a reasonable basis. The Federal Reserve cannot neutralize the negative impact an out-of-control Congress. March 30th, 2009 | Print Article | Email Article | Topics: AIG, Barack Obama, China, Inflation, Paul Volcker, REITs, reserve currency, Timothy Geithner, TIPS, US dollar, US Treasury | Category: World Economy | Leave a comment | Short urlUS Trade Deficit By John Schroy, on April 9th, 2006 | One comment  When the Sage of Omaha, Warren Buffet, fretted last year that the trade deficit signified that foreigners were taking over the United States, he echoed common misunderstandings about the excess of US imports over exports and the growing volume of dollar assets held by the rest of the world. The nice thing about the US trade deficit is that it represents the exchange of foreign goods and services for dollars, not foreign money. April 9th, 2006 | Print Article | Email Article | Topics: Currencies, Mercantilist Ideology, unemployment, US dollar, Warren Buffett | Category: US Trade Deficit | One comment | Short urlFeatured articles on inside pages
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