Bloomberg/Niall Ferguson/4-22-2023
“Readers will therefore understand why my initial response is one of skepticism to any new claims that the demise of the dollar is imminent. But here they come again — not just Lula but a cluster of widely respected economic commentators. According to Peter C. Earle of the American Institute for Economic Research, ‘the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed.’”
USAGOLD note: Ferguson weighs in on the current controversy surrounding the greenback’s hegemony, presents both sides of the argument (though he doesn’t believe the dollar’s demise will come anytime soon), and says some positive things about gold……
