We remember when it came out. The “Esperanto Money,” we called it, referring to the ersatz language that never quite caught on. The dollar is bad enough; at least it is supported by the full faith and credit of the United States of America, for whatever that is worth.
June 3rd, 2008 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "Euro"
An International Currency Not Just on Paper
Once it was clear that Britain’s global position was fatally compromised by its poor finances, it took all of five years for the dollar to become the preferred international currency. It can happen fast when people have a real alternative.
April 14th, 2008 | Dan Denning | 2 comments | Continued
Euro Hits Fresh All-Time Highs Versus the Dollar
The Euro hit fresh all-time highs versus the Dollar already this month – and we’re only one trading day in. So might US investors want to switch out of gold bullion ahead of Easter this year and move into the single currency instead? After all, the Euro still pays 4.0% interest per year – a feat that dumb gold could never promise or achieve – and with Eurozone inflation holding at a record 3.2% year-on-year in February, the European Central Bank (ECB) is clearly in no mood to start slashing rates now.
March 4th, 2008 | Adrian Ash | 0 comments | Continued