Headline for the history books: "Why the Dollar Will Always Be the Reserve Currency for the World"Submitted by matt_ on Fri, 10/18/2013 - 15:11
...in the accompanying video interview with Martin Wolf, chief economics commentator for the Financial Times, he tells The Daily Ticker the dollar is under no threat as the world’s reserve currency.
“I’ve never been very worried about this,” he asserts. “The reason for that is there really is no alternative. The Chinese are not going to offer – and they cannot, given where they are in development, I think, for a decade or more – a genuine competitor for the dollar.”
Time will tell. Full story and video here: