[lbo-talk] Coming Currency Shock

Eugene Vilensky evilensky at gmail.com
Wed Nov 24 22:10:19 PST 2004


I lurk the list but I'm not sure my big question has been touched upon:

Are other major 'developed' countries in as much danger of having their economies tank if the US goes under? That is, will this be accompanied by a global depression?

On Nov 22, 2004, at 12:50 AM, R wrote:


>
> November 16, 2004
>
> The Coming Currency Shock
> Declining Superpower Act
> By PAUL CRAIG ROBERTS
>
> China's currency peg to the US dollar prevents correction of the US
> trade imbalance and imperils the US dollar's role as reserve currency.
> ...



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