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Alasdair Macleod: No escape from the dollar as the currency standard
11a ET Friday, August 15, 2014
Dear Friend of GATA and Gold:
Developing countries may be able to trade with each other without the U.S. dollar but so many dollars are floating around the world and constituting so much of central bank reserves that there may be no getting away from the dollar standard without crashing the world financial system. That's the argument today of GoldMoney research director Alasdair Macleod, whose commentary, headlined "No Escape from the Dollar as the Currency Standard," is posted at GoldMoney here:
http://www.goldmoney.com/research/analysis/no-escape-from-the-dollar-as-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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