Tue. May 26th, 2020

Timor Invest

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How a weaponized dollar could backfire

1 min read

Project Syndicate/Jeffrey Frankel

George Washington as depicted on dollar bill“The phrase ‘currency war’ has now been popular for a decade, and the United States government’s more recent ‘weaponization’ of the dollar is generating controversy. But ironically, a martial approach could end up threatening the US currency’s global dominance.”

USAGOLD note:  This article assesses the prospects for the dollar over the longer term and where it stands with respect to its strategic value in the global economy. . .An interesting, deep-thinker kind of read from Harvard’s Professor of Capital Formation and Growth.

Repost from 10-25-2019

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