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U.S. Dollar: the Good, the Bad and the Ugly

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Uploaded by on Jun 15, 2009

Russian President Medvedev suggests the dollar is on its way out; Russian Finance minister Kudrin says there is no substitute for the dollar. The Chinese see a need to diversify out of the dollar; the Japanese say their trust in the dollar is unshakable. Lets look at this puzzle and make some sense of it.

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  • the dollar is going to be worth shit in a couple of years.

  • At 4:55 when the phone rings, it was probably Bernanke calling saying "The economy is fine, pay no attention to facts and figures."

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