Monday, March 30, 2009

Worst Case: The Day The Dollar Falls

YouTube
MyEconomics101

This is a Dutch (Netherlands) documentary from 2005. It is about a 'Worst Case' scenario where speculation on the currency exchange market plus a substantial sell-off of dollars from a hedge fund cause a chain reaction in the market, the economy and the political system.

I uploaded it as it is quiet astonishing what similarities the 'expected' events have - with what we have seen in the past months since the sub-prime mortgage market broke loose. Manufacturing (global economy/trade) came to an nearly grinding halt. And what we see right now (or will see) with quantitative easing/low interest rates in the US&UK or the debates what is the right and what is wrong approach. And what political tension it can create (as we have seen in the discussions and comments at Davos Jan 09).

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