Is The Dollar Is Losing Steam?



David Patrick Columbia, a gold bug, recently got us interested in the slide of the dollar globally. And this article, from The New York Times, adds to our concern about whether or not the empire is running out of gas. From The Times:

"THE dollar used to be the universal tourist currency, accepted almost anywhere, from the streets of Hanoi to the plains of Africa. But the continued slide of the dollar against other currencies has led the greenback to be shunned in unexpected places, creating new problems for American travelers and pushing prices higher.

"Some tour operators say they have encountered newfound resistance to dollars in parts of Vietnam and Peru, especially in villages that are off the beaten path."

More here.