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25 February, 2009

If $ falls, so does US

If incompetence in Washington, the type of incompetence that produced the current economic crisis, destroys the dollar as reserve currency, the “unipower” will overnight become a third world country, unable to pay for its imports or to sustain its standard of living, warns Paul Craig Roberts, who was Assistant Secretary of the Treasury in the Reagan administration, in an article titled “How the US economy was lost”.

Roberts’s article, distributed by, can be accessed here.

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