A Brief History of the Dollar
Some people are saying that the dollar's days are numbered. Maybe so. Let's look at the dollar's long history, and see how we got to where we are today.
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Dollar
Shrinking Dollar Sets Off Alarms Overseas, But Helps US
Washington Post | Anthony Faiola | Posted 10.28.2009 | Home
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Uk,
Recovery,
Rate Change,
Economy,
Currency,
Globalization,
Pound,
Recession,
Euro,
Economic Recovery,
Yen,
Exchange Rate,
Globalisation,
Dollar,
Japan,
China,
Home News
The dramatic decline of the U.S. dollar is aiding the American economic recovery but setting off alarm bells overseas, with corporate executives, poli...
Palin vs. Krugman on the Dollar -- Who Is Right?
Dave Johnson | Posted 10.23.2009 | Business
A falling, or "weak," dollar is great for American manufacturers. Conservatives, though, are trying to use the complexities of the relative value of the dollar in currency markets as an anti-Obama political issue.
The Best Risk Reward Proposition
Alan Schram | Posted 10.19.2009 | Business
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Berkshire Hathaway,
Dow Jones,
Inflation,
Dollar,
Business News,
Warren Buffett,
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Wal-Mart,
S&P 500,
Business News
This will be a different kind of inflationary cycle. The dollar will decline, but Real estate prices will not be going up because few property owners can raise rents right now.
The US Dollar: Don't Just Do Something, Stand There!
Marshall Auerback | Posted 10.15.2009 | Business
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Fed,
Credit Crisis,
Default,
Inflation,
Dollar,
Interest Rate,
Depreciation,
Business News
It seems there isn't a day that goes by without more commentary on the demise of the dollar and the concomitant risk of a collapse of the world's reserve currency.
No Love for Uncle Buck
Garrett Johnson | Posted 10.14.2009 | Business
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Gold,
Reserve Currency,
Weak Dollar,
Dollar,
Financial Crisis,
Gold Currency,
Dollar Currency,
Wall Street,
Business News
The dollar will not be allowed to collapse. Instead its decline will be managed. This will include violent corrections that will savage any dollar bear who is trying to make a quick buck.
It's Time to Teach Children About Money
Don McNay | Posted 10.12.2009 | Business
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Keen Johnson,
Kentucky Governor,
Kentucky Guardianship Administrators,
Children,
Have and Have Nots,
School Curriculum,
Rowman & Littlefield,
Cell Phone,
Gambling,
Bailout,
Lexington KY,
Dollar,
Grade School,
Timothy Geithner,
Happy Chandler,
Financial Meltdown,
Great Depression,
McNay Settlement Group,
Ipod,
Educators,
Ky,
Clu,
Savings Rate,
Education,
Louisville,
Son of a Son of a Gambler,
Million Dollar Round Table,
High School,
Ben Bernanke,
Teachers,
Investments,
John Mellencamp,
Frugal,
Main Street,
Darwin,
Keen Babbage,
Financial Crisis,
The American College,
Richmond,
Personal Finance,
Impact,
Casinos,
Msfs,
Structured Settlement,
Lottery,
Chfc,
Handling Money,
Kentucky,
Payday Loans,
Don McNay,
Hank Paulsen,
Slot Machines,
Recession,
Henry Clay High School,
Credit Cards,
Wall Street Bailouts,
Wall Street,
Vanderbilt University,
Eastern Kentucky University,
Certified Structured Settlement Consultant,
Cssc,
Extreme Economics,
Too Big to Fail,
Payday Leading,
Business News
I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.
Interview With Max Keiser: China and Russia Don't Want to Finance American Debt Anymore
Max Keiser | Posted 10.08.2009 | Business
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Max Keiser,
Article,
Economy,
Gold Bullion,
Russia,
Dollar,
Robert Fisk,
American Debt,
Activist,
China,
Death,
Business News
Finance critic Max Kesier says China and Russia are interested in collapsing the US economy by rejecting the dollar.
Baby Boomers: 1969 - Europe on 5 Dollars a Day; 2009 - Europe on 500 Dollars a Day
Brent Green | Posted 10.01.2009 | Living
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King David,
Adventure and Educational Travel,
Dollar,
Europe,
Rome,
Goliath the Gallery of the Accademia,
Michaelangelo,
Venice,
Euro,
Baby Boomers,
Recession,
Italy During Recession,
Italy,
Travel During Recession,
Living News
Arthur Frommer's best-selling book published in 1957, Europe on 5 Dollars a Day, is quaintly incongruous 52 years later.
Big Deficit, Bob Rubin, and the Strong Dollar
Dean Baker | Posted 11.08.2009 | Business
Does Robert Rubin know that his strong dollar policy directly contradicts his fixation with low budget deficits? Either he is ignorant of the fundamentals of economics or he is dishonest.
Banana Ben Strikes Again
Michael Pento | Posted 10.16.2009 | Business
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National Debt,
Global Currency,
Federal Reserve,
Dollar,
Currency,
Business News,
China,
Ben Bernanke,
Price of Oil,
Business News
The world's reserve currency can't inflate its way to prosperity. The danger of causing a disorderly decline of the dollar is very high.
Who Isn't John Galt? Part 2
Robbie Gennet | Posted 09.29.2009 | Politics
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Human Rights,
Bob Marley,
Evil,
Bubbles,
Bill Gates,
Architecture,
Dick Cheney,
Dollar,
Greed,
Empathy,
John Lennon,
Wall Street,
Ayn Rand,
Bible,
Artists,
Morality,
The Fountainhead,
Republicans,
Alan Greenspan,
Ethics,
Atlas Shrugged,
Capitalism,
Republican Party,
Jimi Hendrix,
Politics News
To those who posted about having to "share" their earnings with those who had "no hand in it at all": you are truly living in a fictitious reality.
Who Isn't John Galt?
Robbie Gennet | Posted 09.26.2009 | Entertainment
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Empathy,
Artists,
Dick Cheney,
Ayn Rand,
Dollar,
Ethics,
Republican Party,
Greed,
Bob Marley,
Bible,
Architecture,
Bill Gates,
Capitalism,
Evil,
John Lennon,
Human Rights,
Wall Street,
The Fountainhead,
Alan Greenspan,
Atlas Shrugged,
Jimi Hendrix,
Bubbles,
Republicans,
Entertainment News
If you are an Artist, Rand's books free you from the opinions of others and put ironclad gates around your sense of purpose, unlocking the freedom to create your art.
Should the United States Worry About the Dollar?
Georges Ugeux | Posted 09.26.2009 | Business
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International Trade,
Dollar Value,
Treasury Department,
Japan,
China,
Dollar,
Business News
By not including the dollar in its international strategy and leadership, the U.S. misses out on an important way to create solidarity and loyalty among trade partners, and fair treatment for creditors.
Income Inequality: Can We Tax Our Way Out of Trouble?
Alan Schram | Posted 09.16.2009 | Business
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Business News,
Taxes,
Financial Crisis,
National Debt,
Federal Budget Deficit,
Income Inequality,
Dollar,
Business News
The top 1% of incomes in the country paid 40% of all personal income tax in 2007. You might think this is fair, and maybe it is. However, higher taxes on the top income will spawn a different problem.
Trouble Looming in China
Alan Schram | Posted 09.02.2009 | Business
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World Trade Organization,
Great Recession,
Dollar,
Business News,
Credit Crisis,
China,
Saving Money,
Financial Crisis,
Business News
The Chinese economy is posting impressive growth of almost 8% annually, even as the rest of the world is going through excruciating economic pain. How is that resilience possible?
China's Dollar Scam Must End
Diane Francis | Posted 08.29.2009 | World
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Walmart,
Currency Manipulation,
Clinton,
Trade,
Dollar,
Secretary of Treasury,
Imf,
Market Manipulation,
Obama,
Japan,
Weak Dollar,
China,
China-Currency-Manipulation,
China Currency,
World News
The bilateral talks, or G-2, between the U.S. and China have resulted in little substantive progress. This is because there is a continuing, inexplicable failure on the part of the U.S. with other countries to pressure China to curb its currency manipulation.
BRIC Nations Meet, Call For Monetary Diversity
AP | VLADIMIR ISACHENKOV | Posted 07.17.2009 | World
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Economy,
Foreign Affairs,
Advocacy,
India,
Russia,
China,
Brazil,
Bric,
Bric Nations,
Dollar,
United States Dollar,
BRIC Summit,
Dmitry Medvedev,
Luiz Inacio Lula Da Silva,
Hu Jintao,
Manmohan Singh,
World News
YEKATERINBURG, Russia — The leaders of four major emerging economies _ Russia, China, Brazil and India _ apparently failed Tuesday to reach cons...
BRIC: Emerging Economic Powers Meet In Russia -- Western Powers Not Invited
nytimes.com | CLIFFORD J. LEVY | Posted 07.17.2009 | World
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Global Financial Crisis,
India,
Bric Russia,
Dollar,
Brazil,
US Currency,
Bric,
China,
World News
MOSCOW Leaders of some of the world's most powerful economies gathered Tuesday to discuss how they can exert more control over the global financial s...
The Plummeting Dollar Prosperity Plan
Michael Pento | Posted 07.07.2009 | Business
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Falling Currency,
Gdp,
Economy,
Weak Dollar,
Dollar,
Economic Crisis,
Federal Reserve,
US Dollar,
Financial Asset Prices,
Bosnia,
China,
Business News
As long as we continue to substitute spurious growth models for genuine growth policies we will continue to lose global power and influence.
Are Credit Markets Back to Normal?
Alan Schram | Posted 06.22.2009 | Business
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Dollar,
Money Market Funds,
Wall Street,
TED Spread,
Bonds,
Business News,
Credit Crunch,
Libor,
Saving Money,
Credit Markets,
Tarp,
Financial Crisis,
Business News
Credit markets may not be completely healed, but they are in much better shape than they were three months ago.
Is Hyper Inflation Coming?
Alan Schram | Posted 05.21.2009 | Business
Debasing the currency is the best way to destroy a capitalist system. Unfortunately, the US has plenty of incentive to debase its currency and pay off the debts in cheaper dollars.
Don't Turn the Recession into a Depression
Alan Schram | Posted 05.09.2009 | Business
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Dollar,
Interest Rates,
Taxes,
Housing Bubble,
Business News,
Federal Reserve,
Obama,
Tariffs,
Financial Crisis,
Great Depression,
Business News
Many compare the current economic crisis to the Great Depression of the 1930's. While their origins were similar, the denouement should not be.
Counting the Cost of Good and Bad Debt
Jim Wallis | Posted 04.26.2009 | Politics
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President Obama,
Pay,
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Tax Cut,
Loans,
Tax Cuts,
Homeless,
Health Care,
Cost of War,
Greed,
Irs,
Money,
Veterans,
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Education,
Trillion,
Biblical,
Health,
Rich,
Healthcare,
Spending,
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Military,
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Bush Presidency,
Proposed Budget,
President Clinton,
Economy,
Luke,
Politics News
While watching President Obama's press conference Tuesday evening, I was struck by a few things that are often forgotten in the criticism of his proposed budget.
Anti-Dollar Contagion Gains Pace
Michael J. Panzner | Posted 04.24.2009 | Business
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Geopolitics,
Russia,
Currency,
International Monetary Fund,
China,
Dollar,
China Reserve Currency,
Super Reserve Currency China,
China Currency,
Worlds-Reserve-Currency,
Reserve Currency,
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Business News
As was the case with the now hobbled U.S. banking system, the dollar's fortunes have long depended on the confidence of others.
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Nathan Lewis | Posted 11.06.2009 | Business