China Fortifies As U.S. Currency Sinks Further -- Hudson Institute
Gold is up (over $1,000 per ounce), oil is up (over $70 per barrel), other commodities are up and the dollar is ... down (a lot). Which is both good news and bad news.
As the world’s economies recover, so does investors’ appetite for risk, which means that they no longer feel they have to keep their funds in the dollar — a relatively safe place.
So far so good. But there is another reason the dollar is around its lowest level in a year. The Obama administration has no policy to prevent the dollar from sinking further. In fact, the administration’s policy is a torpedo aimed at the dollar’s strength and acceptability as the world’s reserve currency.
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COMMENTARIES, OPINIONS, AND EDITORIALS
The New Rules: In Afghanistan, It's About More Than Just the U.S. -- Thomas P.M. Barnett, World Politics Review
Did Afghan War Reporter Endanger Lives? -- Tunku Varadarajan, Forbes
Obama Fumbling Chance for Mideast Peace -- M. Zuckerman, US News
9/12 was a transformative event -- Clarice Feldman and Rosslyn Smith, American Thinker
The biggest bully on the block doesn’t always win -- Tom Streithorst, American Conservative
Netanyahu plays a Russian rope trick -- Sreeram Chaulia, Asia Times
Mystery of Kim’s successor deepens -- Sunny Lee, The National
The Forgotten War (Iraq) -- Washington Post, editorial
Former Republics Buck Russia's Influence -- David Stern, Global Post
Mexico's Hopeless Drug War -- Mary O'Grady, Wall Street Journal
9/12: The Revolution Has Begun -- Chris Burgard, Big Hollywood
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