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Tuesday, May 1, 2012

Ron Paul: "The End of Dollar Hegemony''

From LewRockwell
By Ron Paul

Before the US House of Representatives, February 15, 2006

''A hundred years ago it was called “dollar diplomacy.” After World War II, and especially after the fall of the Soviet Union in 1989, that policy evolved into “dollar hegemony.” But after all these many years of great success, our dollar dominance is coming to an end.

It has been said, rightly, that he who holds the gold makes the rules. In earlier times it was readily accepted that fair and honest trade required an exchange for something of real value.''

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