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Reader Letters

Not All Doom and Gloom

I’m a longtime reader of and normally I find your news section to be very well chosen and insightful. I was surprised you posted a link to “The Dollar Nosedive: Why America’s Currency Is the World’s Problem.”

This article is not news, it is one-sided nonsense using fragmented quotations to bolster such a baloney argument. To say that the dollar is brutalizing the world economy could very well be the narrowest and most Amero-centric idea I’ve heard in years. Yes, there is a global shift, but this gentrification is not necessarily all doom and gloom.

A much more pervasive and insightful article would have analyzed beyond the Amero-centric conservative economic dogma of “change is bad” and instead determined how the world marketplace will need to become less dependent on a single currency. America along with other countries reliant on the power of one currency, are now forced to negotiate more diversified economic agreements that may also allow them to gain an independence beyond a monopolized single currency. History has proven time and time again that reliance on one economic dogma, such as the Asian or now the American market, is a recipe for monetary decline.

Rich Cole

Rosecrans Baldwin co-founded TMN with publisher Andrew Womack in 1999. His latest book is Everything Now: Lessons From the City-State of Los Angeles. More information can be found at More by Rosecrans Baldwin

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