Monday, December 24, 2007

The US Dollar: The Long Farewell?

The last time the world went through a change like this, it took over 40 years to complete. Before World War I, the British pound reigned supreme, accounting for 64 percent of the world's currency reserves and 60 percent of all international trade. Britain then impoverished itself in two world wars, but the U.S. dollar did not fully replace the pou

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