Saturday, September 8, 2012

Craig Karmin about dollar...

Known American journalist Craig Karmin published the book "Dollar Biography" in which describes the bright past, the rough present and the long future of monetary unit of the USA. The carmine holds the opinion that, despite all problems, dollar yet will lose a title soon "the most popular currency" world. For the simple reason - to replace $ while there is nothing.
According to the Carmine, the dollar is no time gained the world popularity not only because of the increased power of economy of the USA. It was demanded because in the world trusted in words and affairs of the American government and in idea of America. As a result of $ became one of the most known and dear symbols of the stable present.
According to the Carmine, crash of dollar can become the beginning of crash of all world economy. The matter is that for dollar "are stuck" the majority of the transactions made by participants of international trade. The dollar - officially or informally - is a basis of financial systems of many states of the world. So, for example, the Iraq dictator Saddam Hussein is no time refused to accept dollars in payment for the Iraq oil and transferred all transactions to euro. However at his arrest in its suitcase euro, namely dollars (by $750 thousand in hundred-dollar banknotes) were found not. Nowadays 60 % of the let-out American dollars are outside of the USA!

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