{"id":8645,"date":"2008-09-24T15:38:36","date_gmt":"2008-09-24T15:38:36","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/us_dollar_set_to_be_major_casualty_of_hank_paulsons_bailout\/"},"modified":"2008-09-24T15:38:36","modified_gmt":"2008-09-24T15:38:36","slug":"us_dollar_set_to_be_major_casualty_of_hank_paulsons_bailout","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=8645","title":{"rendered":"US dollar set to be major casualty of Hank Paulson&#39;s bailout"},"content":{"rendered":"<p>Whether or not tomorrow\u2019s accounts of today\u2019s turmoil prove David Owen of Dresdner Kleinwort right; whether or not this is the beginning of the end of the dollar\u2019s pre-eminence in the world\u2019s central banks and foreign exchanges, the economic landscape has undoubtedly changed forever.<\/p>\n<p>The US taxpayer bail-out of America\u2019s banking sector is an event whose significance will reverberate for many years. What it means for free markets, for the way Western economies are run, for the prosperity of the world economy, must remain to be seen.<\/p>\n<p>But as investors scrambled to make sense of last week\u2019s events, already one conclusion was all but irrefutable \u201d\u201c the US dollar will have to take another major fall.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/3062121\/US-dollar-set-to-be-major-casualty-of-Hank-Paulsons-bailout.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether or not tomorrow\u2019s accounts of today\u2019s turmoil prove David Owen of Dresdner Kleinwort right; whether or not this is the beginning of the end of the dollar\u2019s pre-eminence in the world\u2019s central banks and foreign exchanges, the economic landscape<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=8645\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,600,593,599,594],"tags":[],"class_list":["post-8645","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-housingreal-estate-market","category-personal-finance","category-stock-market","category-the-september-2008-proposed-henry-paulson-700-billion-bailout-package"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8645"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8645\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}