Jon Stewart on the current political climate; Xi Jinping's visit to Russia; the Fed's dilemma
Fareed Zakaria GPS
The Dollar's Role in the Global Economy
Dollar dominance is firmly entrenched for many good reasons. A globalized economy needs a single currency for ease and efficiency. The share of dollars in global central bank reserves has dropped from roughly 70% to 60%. America's politicians have gotten very used to spending seemingly without any concern about deficits.
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