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UNDERSTANDING THE IMPORTANCE OF THE DOLLAR

25 November 2009 by Cullen Roche 1 Comment

Excellent presentation here from John Tamny of Toreador Research & Trading.  He not only describes why the dollar is such an important influence on the global economy, but also debunks many myths for why governments prefer a fiat currency based system.  This is a must listen in this dollar dependent market:

Please find the link here.

Cullen Roche

Cullen Roche

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Comments
  • DH

    Seems to me the strength in the dollar during the 1980s and 1990s was the result of high real interest rates created by Volcker and Greenspan, not necessarily the president’s policies. Reagan actually wanted Volcker out after his first term.

    11/27/2009 at 12:01 PM