Now dollar to dictate supremacy
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 Those who have intellectually positioned their currency over others, have finally superseded others in the race of economic gain.
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 Those who have intellectually positioned their currency over others, have finally superseded others in the race of economic gain.
Source : IIPM Editorial, 2012. An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
