1.02.2007

The American Dollar: Countries Running, Not Walking, Away From It

The New York Times has a piece up today detailing how many countries along with central banks are tiptoeing away from the U.S. dollar, which was in enough trouble before but during the Bush years has been in rather sustained free fall (not a good thing).

I think it's more like nations and banks are fleeing from the American dollar and it's happening for a number of reasons, not the least of which is Mr. Bush's disastrous fiscal policy and the way he has completely dessimated what little good was left of the American image throughout the world.