Comments on: “Dollar demise”: Inexorable but not sudden Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: michaelw_ny Mon, 03 Nov 2014 22:00:41 +0000 As the adolescents below vent their rage and hatred at the USA, I am indebted to one of them for pointing out that the article in the Independent you refer to here was written by Robert Fisk. Oh dear, there is not in all of England a more rabid left-wing USA hater than Fisk. Do you suppose that the highly educated Politicians of Finance might enter that into their calculations? Golly. What a thought. Oh, by the way, the Romans did not have a “dinar”, they had a “denarius”. Thought you might want to know.

By: VeryGoodJeeves Fri, 31 Oct 2014 19:21:17 +0000 I’m betting on a quick bust.

By: gotham1883 Thu, 30 Oct 2014 04:15:30 +0000 All fiat currencies are evil. It does not matter which country creates it.

By: gotham1883 Thu, 30 Oct 2014 04:13:53 +0000 All the other countries are printing money too at break neck speed to keep up with Americas money printing. These guys are clueless. All the fiat currencies in the world will go down together. Fiat currencies were created by criminals. They should all be pulled out of their concrete buildings and lined up along their walls and used for target practice. Millions have suffered and died due to these counterfeiters. Unless this is stopped millions more will suffer and die.

By: evilhippo Wed, 29 Oct 2014 21:16:37 +0000 Reading an article about the dollar in “the Independent” is a bit like reading an opinion piece about Jewish culture in Der Angriff circa 1942.

By: Anthony Hernandez Mon, 12 Oct 2009 20:26:05 +0000 The demise of the dollar has been gradual. It has been on a downward slope since the early 1970’s. We are now witnessing the final descent and this will be rapid. Watch for the proposed “One World Currency” to begin circulation around 2012.

By: Gaspard Fri, 09 Oct 2009 12:29:49 +0000 Amalia Schrute, I am glad you bring that angle in and we should link it to Rolfe’s article graphic above: iles/2009/09/public-and-private-debt-bur den.jpg

In that instance I commented on the ‘band’ within which government and business debt moved/should move. Having thought about it more, I got worried what this ‘debt’ word actually means and commented on it in one of Agnus Crane’s blogs: to compare it to GDP, it needs to be some form of movement in money supply. I am just weary that we are dividing a position (debt) by a time result (GDP) which would be like dividing the balance sheet by the income statement. Anyway, as long as we make the same logic mistake consistently, let’s move on: in essence, looking at you figures, there is a disparity or inconsistency.

Taking all into account, my gut feel remains that government debt and business debt should move in tandem at <50% each, else you land in a combined debt trap/credit crisis over 100%, and by the same token, GDP should be financed at +-50% cash and +-50% credit. Illiquidity is one thing, insolvency another. Then of course, the capital accounts remain as a debate, i.e. asset values versus capital and reserves.

I don’t understand what you mean with: ‘These currencies are already where the US dollar is supposed to be headed ten years from now.’ A (descending) World Bank table of the G20 countries would be interesting. I think that some economies cried wolf, they were/are actually better off than portrayed. Some did not even have a breath to cry wolf.

By: Amalia Schrute Thu, 08 Oct 2009 08:09:36 +0000 just to correct Patrick Sunseri
(Has anyone seen the Debt to GDP of the Euro nations, UK, Japan, Sweden. These currencies are already where the US dollar is supposed to be headed ten years from now).

Debt to GDP in 2008 (Data: Worldbank)

Japan 182,8 %
Italy 103,2 %
USA 65,6 %

Eurozone 65,2 %
France 64,4 %
Germany 63,1 %
European Union 58,9 %
UK 45,6 %
Swiss 43,7 %
Netherlands 42,4 %
Sweden 35,5 %

By: Ian Wed, 07 Oct 2009 19:40:26 +0000 It is funny how much Hot Air is Ventilated in this Dollar is so bad, yuck!.

But yet everyone uses it, I think it has alot to do with globalization and greed mixed with anti americanism, the new trend of dumping the worlds problems on somone. Even Obama said dont expect America to fix the worlds problems.

The dollar talk is just a fish and chips lunch topic for journalists.

By: krishnamurthi ramachandran Wed, 07 Oct 2009 18:34:34 +0000 Gladly to note that, many comments were received for this article.
I have already written comments ,stating that ,some, recent economic power nations are raising issues on replacing !Dollar! as a world currency.
The above questions and discussions were in air and in print.
I think that,Reuters had published my comments.
That may not be in immediate future.
But possibilities are very high in future decades.
Now, China, India, Brazil, Russia and South Africa is in very comfortable positions in economic,GDP,Per capita income, and in exports.
Whereas, America has come out from their shell.
Many Americans are jobless, her exports are not encouraging.
As per astrological prediction on economic subjects,Some other world noted currency will be in world trade and commerce.
There is a general adage says that, Nothing is permanent,All are subject to change at any time.
This proverb may be applicable to change,acceptance of new currency in world markets.