HomeContact Site map   Google    www    iipm think tank
   
   
Home Scrutiny Publications Under Cover Mus'ings  
 

Home > Scrutiny > The dollar hegemony...

  
   
     
   Case Studies  
       
  Marketing    
  Human Resource    
  Information Technology    
  Finance    
  Strategy    
       
 
     
   Industries  
       
  Steel    
  Glass    
  Banking    
  Prophylactic    
  Auto    
  Hospitality    
  Energy    
       
 
     
   Other links  
       
  IIPM    
  Planman Consulting    
  Planman Marcom    
  Planman Technologies    
  Daily Indian Media    
  Planman Financial    
  4P's Business and Marketing    
  Business and Economy    
  The Daily Indian    
  The Sunday Indian    
  Arindam Chaudhuri    
  GIDF    
       
 
  
         
Scrutiny
  
The dollar hegemony...
Now dollar to dictate supremacy
10/01/2008

World history has seen the use of swords in wars, then embargoes during the Cold War to claim supremacy. Recently, the world has witnessed use of financial institutions (FIs), infact dollar, as a tool to attain or retain supremacy. Inspite of enormous hue and cry about the US’s downfall, dollar kept the US alive. Inspite of national debt of over $9.815 trillion, the US treasury market remains the hottest ever investment destinations. The US’s simple formula ‘flood the world with dollars’ through unlimited import and in return flood the world with dollars and gold’s turmoil, to retain global exchange status has led dollar to replace gold. Share of the dollar increased to 90.4% from 87.3% in 1998 in foreign exchange market and became dominant reserve currency, being over 68% of global reserves in the world. This gave the US immense confidence to rule the world, inspite of its high medicare liability ($30 trillion), high social security liability ($12 trillion). Those who have intellectually positioned their currency over others, have finally superseded others in the race of economic gain. Finance intruments are to be most crucial tool to influence the world and dictate supremacy...

By:- B&E
Back

  
 
 
       
Home | Scrutiny | Publications | About us | Contact us
Copyright @2010 iipm think tank. All rights reserved.