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Keyword: globalisteconomy

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  • G-7 Abandons The Dollar

    10/05/2009 11:54:51 PM PDT · by bruinbirdman · 72 replies · 2,560+ views
    Forbes ^ | 10/5/2009 | Carl Gutierrez,
    Greenback fell further after the G-7 would not come to the rescue. The Group of Seven will let the dollar fall. The heated climate before the Istanbul meeting led some to expect global policymakers to take a stand, but despite the strong tone, Andrew Wilkinson, senior market analyst at Interactive Brokers, said it was short on action. "It invites investors to test the dollar's lines of resistance in order to see what response, if any, might be forthcoming in the event of a further fall in the value of the dollar," Wilkinson said. The dollar's loss of value over the...