EL-ERIAN: 'DOLLAR COULD LOSE IT'S RESERVE CURRENCY STATUS' 2-22-2011 El-Erian Says Political Unrests Add Stagflationary Winds
Mohamed El-Erian made one of his regular media appearances today (in addition to his almost daily Op-Ed, released earlier) appearing on Bloomberg Surveillance with Tom Keene and talking the developments in the Maghreb
Feb. 22 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., talks about the impact of political protests in Middle East and North African nations, including Libya, on the global economy. El-Erian speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
RESERVE CURRENCY
The USA has corrupted global banking aided by the Federal Reserve and the zionist banking sector endorsed by a complicit media. The spin that comes out of Washington defies credabilty under careful analysis. The USA has failed in their financial responsibility and duty of care spending over half the economy that is declared on defence which means global war and World domination. Consuming 30% of the World's resources and underpaying for its over spend and reliance upon oil.