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The U.S. Dollar: A New Accord (Repost)

From news_archive.php?id=99120

I found this article VERY well written, informative, and timely... I hope you enjoy it as well... source http://seekingalpha.com/article/88866-the-u-s-dollar-a-new-accord "Whatever man can conceive and believe, he can achieve...." -Napoleon Hill It was 1985 when world finance ministers from the G5 (then just France, Germany, Japan, the United Kingdom and the United States) led a coordinated effort to devalue the U.S. dollar. It was known as the "Plaza Accord" because it was signed and agreed upon at the Plaza Hotel in New York City. The idea was to lower the value of the USD vs. its trading partners to reduce ... (full story)

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