[QODLink]
People & Power
Death of the Dollar 2
Max Keiser investigates the ill health and possible demise of the US dollar.
Last Modified: 08 Feb 2008 12:25 GMT

Max Keiser investigates the possible demise
of the US dollar
Since the Spring of 2003, the US dollar has lost over one third of its value.

This year alone the dollar has fallen by over nine per cent against other major currencies.

While a declining dollar has been hailed by many American commentators as a solution to the growing US trade deficit, America's trading partners complain that they are having to pay for America's own economic shortcomings. As the dollar falls most heavily against the euro, for example, it makes US exports significantly cheaper compared to euro exports.

Speaking before the US Congress in early November, Nicolas Sarkozy, the French president, warned: "The dollar cannot remain 'someone else's problem.' If we are not careful, monetary disarray could morph into economic war. We would all be its victims."

But the most dramatic evidence of the dollar losing its currency reserve status is in the Middle East. Some Opec nations are even pressing to change the pricing of oil out of dollars.

Analyst Max Keiser reports from the Gulf.

Watch part one of this episode of People & Power on YouTube

Watch part two of this episode of People & Power on YouTube

This episode of People & Power aired from Wednesday 19 December at the following times:

Wednesday: 14:30 GMT
Thursday (repeat): 01:30 and 13:30
Friday (repeat): 06:30 and 20:30
Saturday (repeat): 03:00


To contact us click on 'Send your feedback' at the top of the page

Watch Al Jazeera English programmes on YouTube

Join our debates on the Your Views page

Topics in this article
People
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lacking cohesive local ground forces to attack in tandem, coalition air strikes will have limited effect, experts say.
Hindu right-wing groups run campaign against what they say is Muslim conspiracy to convert Hindu girls into Islam.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
Muslim caretakers maintain three synagogues in eastern Indian city, which was once home to a thriving Jewish community.
Amid fresh ISIL gains, officials in Anbar province have urged the Iraqi government to request foreign ground troops.