Video: Eichengreen: Dollar in Danger as Global Reserve

Tuesday, 15 Mar 2011 12:31 PM
By Greg Brown

The dollar is likely to lose its status as the world’s safe haven currency, warns a former adviser to the International Monetary Fund (IMF), leading to a mix of global reserve currencies, including the Chinese yuan.

Meanwhile, rising oil could lead to a second recession, an outcome for which the United States should plan by getting its fiscal house in order, Barry Eichengreen, a professor of economics and political science at the University of California, Berkeley, tells Newsmax TV.

video at the link

Video: Eichengreen: Dollar in Danger as Global Reserve http://www.moneynews.com/StreetTalk/bar ... /id/389524

In 1997 and 1998, Eichengreen was senior policy adviser at the IMF. His most recent book is “Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System.â€