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Tuesday, January 11, 2011

Obama, Sarkozy Discuss Dollar

“Shying away from his earlier calls for the dollar’s global dominance to be mitigated, French President Nicolas Sarkozy walked a bit of a political tightrope Monday, recognizing the U.S. dollar as ‘the world’s No. 1 currency’ in a meeting with President Obama at the White House.” (Washington Times)

Since the Fed was founded, the dollar has lost 95 percent of its value.

FEE Timely Classic
“Faith in the Fed” by Hans F. Sennholz