Sunday, December 03, 2006

Envisioning Economic Collapse Part 2

A recent Boston Globe article on the declining dollar suggests that a currency collapse is imminent. While well reasoned the author ignores that it is in very few countries interest to see that happen. There would be, the author suggests, a run on the dollar into the euro.
What money manager would see the european union as being more stable than America? Why?
Still, the article is noteworthy because confidence in currency is critical to maintaining social order. Counterfeiting and money order fraud have grown to such proportions that the demise of physical currency is what is imminent.

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