Rise Of The Rupee, Real And Renminbi: Rival Currencies Take Aim At Dollar's Dominance -- Spiegel Online
The dollar is losing its position as the world's leading currency, but it's not only the euro which will benefit. In the future, economists predict, up to five different currencies will dominate the global financial system.
The historical first simply couldn't end without the usual mantra. At the first-ever press conference in the 98-year history of the US Federal Reserve, Fed Chairman Ben Bernanke announced last Wednesday what everyone was expecting, and wanting, to hear. Flanked by the Stars and Stripes as well as the flag of the US central bank, he said: "The Fed believes that a strong dollar is both in American interests and in the interest of the global economy."
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My Comment: With the dollar and the US economy in decline .... expect the American military to follow suit. And who are the rising nations .... the same ones whose currencies are rising .... Brazil, India, and China.