Dollar Speculation

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Speculation about the dollar continues this week. A number of articles like this one are circulating.

Leaders of the so-called BRIC nations — Brazil, Russia, India and China — had on Monday called for a “more diversified” currency system.

“The BRIC leaders are divided between supporting the US dollar — as it is the only choice for now — and advancing the march for an alternative,” said Phil McHugh, who heads the corporate foreign exchange desk at currenciesdirect.com.

The lead article in World News and Prophecy this issue goes into more detail. I say again that I do not feel this is imminent, but the continual discussion does nothing to bolster confidence in the American economy.