Staff / TruthdigMar 4, 2011
You know Fox News is all over this story: The Utah House of Representatives is fixin' to vote on a measure that would make gold and silver coins a viable alternative to the boring -- and inflation-prone -- forms of currency currently in national circulation. Dig deeper ( 1 Min. Read )
Staff / TruthdigMay 17, 2010
The answer to the headline question, at least on Monday, would be $12234, as the euro dropped to its lowest point in four years As this CNN report puts it in somewhat startling terms, " Ongoing debt concerns prompted a flight to the safety of the US dollar". Dig deeper ( 1 Min. Read )
Staff / TruthdigMay 5, 2010
The once-mighty euro, a currency that humbled American tourists in its day, has sunk to a 13-month low against the dollar. Greece's impending bailout apparently isn't settling nerves in the eurozone, which includes other major economies that look a little wobbly as of late. Dig deeper ( 1 Min. Read )
Robert Scheer / TruthdigJan 13, 2010
The Chinamen did it In the great American tradition of finding foreign scapegoats for our problems, the hunt is on to somehow hold China responsible for the misery that Wall Street financiers inflicted upon the world . Dig deeper ( 3 Min. Read )
William Pfaff / TruthdigDec 11, 2009
Economist Joseph Stiglitz says the International Monetary Fund should create a new reserve currency, rather like declaring that a massive gold mine has been discovered under the IMF building. Dig deeper ( 3 Min. Read )
Chris Hedges / TruthdigJun 15, 2009
This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful. Dig deeper ( 6 Min. Read )
Staff / TruthdigJul 24, 2008
Last week it was Budweiser that was sold to the Europeans, this week it is the NBA that fell victim to a global economic shift that's seen the dollar nose-dive vis-à-vis the euro. Respected young forward Josh Childress accepted a fatter offer from a Greek club than the one his U.S. team reportedly was making. He may not be the last. Dig deeper ( 1 Min. Read )
Staff / TruthdigJul 16, 2008
The once-mighty US dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices Prices U consumers pay shot up 11 percent in June -- or more directly, your paycheck just got 11 percent smaller. Dig deeper ( 1 Min. Read )
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