(6 pm. – promoted by ek hornbeck)
Yesterday in the first segment of this interview we heard Jane D’Arista, author of The Evolution of U.S. Finance: Federal Reserve Monetary Policy: 1915-1935 and research associate with the Political Economy Research Institute (PERI), University of Massachusetts at Amherst, talking with Paul Jay of The Real News Network about the fact that the global economy has lost the American consumer as the engine for the whole system.
Here in segment 2 D’Arista continues her conversation with Jay, talking about private capital looking for investment safety by abandoning the US Dollar to other things they think will better hold real value such as precious metals, oil, etc. and more about the history of how we got into the economic situation we are in today.
And about who benefits…
Real News Network – April 15, 2010
Can US dollar remain world’s currency? Pt.2
Jane D’Arista: Big states will defend dollar, but private capital may move to precious metals and oil
Part 1 of this interview is here.