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Keyword: 911analogyabuse

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  • Dumping of US dollar could trigger 'economic September 11'

    08/31/2005 12:38:24 AM PDT · by Travis McGee · 67 replies · 2,669+ views
    The Australian ^ | August 29, 2005
    There is a potentially fatal flaw at the heart of the global economy: the strong possibility of financial meltdown following a collapse of confidence in the greenback, Clyde Prestowitz tells Bruce Stannard August 29, 2005 THE nightmare scenario that haunts global strategist Clyde Prestowitz is an economic September 11 -- a worldwide financial panic triggered by a sudden massive sell-off of US dollars that would lead inexorably to the collapse of economies around the world. If that happens, Prestowitz predicts: "It would make the Great Depression of the 1930s look like a walk in the park." Australia would be sucked...