The rising Dollar index, which reached its 12-year highs against the basket of currencies, is not a reason for optimism, warned Ron Paul, a former Republican congressman and two-time US presidential candidate.
"It's not so much that the dollar is a great currency. It's the fact that nothing else is any better. The fundamentals are a disaster. The economy is in bad shape when you have more than half the people hardly making ends meet," Dr. Ron Paul underscored.
The United States is teetering on the brink of a disastrous financial crisis, the former congressman pointed out. The dollar's "rally" is not a sign that the US economy is strengthening, but just a byproduct of a world's surfeit of easy money .... http://sputniknews.com
