Understanding all about Dollar

If you trade in equity or commodity market then you must have develop an understanding about the Dollar.


Lets see what Chuck Butler,President,EverBank World Markets WWW.EVERBANK.COM, has to say about some of the best books ever written on this subject


One of the first books I ever read about the dollar, was written in 1972, Gerald Krefetz, titled , "The Dying Dollar" Another book that was published in in 2003 was Richard Duncan's "The Dollar Crisis"

The Dollar Crisis was followed by two books by Addison Wiggin and Bill Bonner, "Financial Reckoning Day" and "Empire of Debt"... Addison also wrote "The Demise of Dollar", and then Craig Karmin wrote, "The Biography of the Dollar", All of these have done a wonderful job of explaining things to people that normally wouldn't understand all that's going on, financially

The reason I brought this up is that Richard Duncan was in the news last night, as he gave an interview in Hong Kong yesterday... Let's listen in to Richard Duncan...

"The bad news is at the end of a 10-year period we're still not going to have fixed the problem. Eventually it will lead to high rates of inflation well down the line and really destabilize things to the point where they may be irreparable damage. A kind of "Fall of Rome" scenario."

Of course Mr. Duncan was talking about the U.S. Budget Deficits, which he feels will continue to pile up in the next decade, eventually reaching an unsustainable level that may result in an economic collapse...

I think it would behoove us to listen to Richard Duncan, for in his book, "The Dollar Crisis" published in 2003, he told us that persistent Current Account Deficits by the U.S. were creating an unsustainable boom in global credit that was destined to break down, resulting in a worldwide recession.

Reproduced from the News Letter of Chuck Butler