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Thursday, May 3, 2012

''Wiil The Dollar Be Replaced as Reserve Currency?''

 a contrarian view

From InvestmentU
By Carl Delfeld

''The greenback gets no respect these days. Every morning my inbox is bursting with emails from gurus advising investors to run for their financial lives – away from the U.S. dollar.

Jim Rogers even suggested that the dollar could go to confetti. Other investors are predicting that the U.S. currency is on its last gasp.

Well, I hate to burst their bubble… The dollar is going to stay on top through the twenty-first century for two reasons: The weakness of competitors and the stable, flexible and open political institutions of America.''

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