Saturday, November 26, 2011

New Reserve Currency & Roubini Behind the Scenes

"The question is: Is that any more stable than the dollar? In the long run it’s really no more stable, but in the short run it may work to paper over. I mean we papered over the depression in 2010 with dollars. We may paper over the depression in 2011, 2012 with euros. Eventually they are going to try to paper it over with SDR’s, but at the end of the day it’s all just paper.”

- Read the full interview at King World News, here: