Greenspan:Former Fed Boss Says Euro Could Replace U.S. Dollar As Favored Reserve Currency

Greenspan:Former Fed Boss Says Euro Could Replace U.S. Dollar As Favored Reserve Currency

biz.yahoo.com

FRANKFURT, Germany (AP) -- Former U.S. Federal Reserve chairman Alan Greenspan said it is possible that the euro could replace the U.S. dollar as the reserve currency of choice.

According to an advance copy of an interview to be published in Thursday's edition of the German magazine Stern, Greenspan said that the dollar is still slightly ahead in its use as a reserve currency, but added that "it doesn't have all that much of an advantage" anymore.

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It seems as if the drunken spending by the U.S. government is finally catching up with it.

biz.yahoo.com
(visit the link for the full news article)

It's amazing how Easy Al has opened up all the sudden about how #ed we are. Of course he has a new book out right now that will give him millions of dollars to dump into gold and euros.

He's even admitted to have heavily diversified out of the dollar.

First he admits that the sub-prime mess could cause a recession, then comes the admission that Iraq is about oil, and now this?

I think Easy Al's new book should be retitled "Duh!"
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