Beggars *Can* Be Choosers
Posted by Christopher Smith
It really does seem like the world is having a collective allergic reaction to the greenback, and trends seem to be pointing to full blown anaphylactic shock sometime in the near future. You know it is bad when you try to give away greenbacks and people turn up their noses and ask for Euros. I am at best an armchair historian and economist, but I seem to recall that the last time the world saw a loss of confidence in a reference currency (the Pound Sterling), we had a depression that lasted a decade! Here’s hoping we get a smoother ride than that.