Friday, May 15, 2009

Will the US Dollar no longer be the standard in the future?

The Almighty Renminbi?
Published: May 14, 2009
The dollar may be challenged by other currencies, most likely the Chinese renminbi, sooner than we think if we do not get our financial house in order.

http://www.nytimes.com/2009/05/14/opinion/14Roubini.html

What do you guys think? I see America's dollar's strength dwindling, this won't be the case as Professor Roubini states if the US starts moving away from its dependency on borrowing and reign in on her spending.

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