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27 March, 2009

Global investors ponder implications of dollar collapse

The world bourgeoisie is beginning to consider the consequences of the huge deficit spending and money-printing operations that the Obama administration is using to fund its bailouts of Wall Street and major banks, says Alex Lantier in a World Socialist Web Site article reproduced by Countercurrents.

As these policies increasingly raise questions about the value of the US dollar, commentators are in particular pondering the desirability and implications of a diminished international role for the American currency.

Lantier’s article

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