[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
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.