A Must Read: The Ferguson Report

First,I must say that being British I don't know who Former Maryland Senator Tim Ferguson is.I know he is a conservative Republican but that's it .I hope others will imform me.

I started reading this and I know many may find this interesting.

The Ferguson Report

Despite the apparent swift U.S. military success in Iraq, the U.S. dollar has yet to benefit as safe haven currency. This is an unexpected development, as many currency traders had expected the dollar to strengthen on the news of a U.S. win. Capital is flowing out of the dollar, largely into the Euro. Many are beginning to ask whether the objective situation of the U.S. economy is far worse than the stock market would suggest. The future of the dollar is far from a minor issue of interest only to banks or currency traders. It stands at the heart of Pax Americana, or as it is called, The American Century, the system of arrangements on which America's role in the world rests.

Yet, even as the dollar is steadily dropping against the Euro after the end of fighting in Iraq, Washington appears to be deliberately worsening the dollar fall in public comments. What is taking place is a power game of the highest geopolitical significance, the most fateful perhaps, since the emergence of the United States in 1945 as the world's leading economic power.

More at:

fergusonreport.myonlinepublication.com...


Edit: I 've just finished reading it now and I must say it is probably one of the most comprehensive reports on global currency and defence that I've read.

I really do recomend reading this.

[Edited on 10-2-2004 by John bull 1]

I agree JB1, Ferguson has laid it out crystal clear. Excellent read..