Printing US dollars…
I think that one of the main reason for the financial crisis is not the real estate market. I strongly believe that falling of the purchasing power of US dollar started much earlier.
Just think over the following. The USA “print” (issue) dollars as there is a huge demand for them/ Why? Because it plays the role of world money. And this is true not only for a traditional economy but for a black (shadow) market too.
But as electronic money develops they start substituting real American dollars on the currency market. BUT FED continued printing and printing. So, the day came and dollar started to loose it’s purchasing power! Such easy!
