US debt could trigger dollar collapse, UN warns | Press Esc: "US debt could trigger dollar collapse, UN warns
Submitted by Desha Priya on Thu, 2007-05-31 16:47.Global | Americas | United States | News
The United States dollar is facing imminent collapse in the face of an unsustainable debt, the United Nations warned today.
United States debt, which had now deepened to well over $3 trillion, might turn out to be unsustainable in the rest of 2007 or next, putting further downward pressure on the United States dollar, Rob Vos, the Director of the Development Policy and Analysis Division of the Department of Economic and Social Affairs (DESA), told correspondents at a Headquarters press conference."
Don't worry, we will take over Iran to switch their oil back into US dollar valuations, to raise our dollar back up. We are also pressuring Iraq to privatize their oil. That means that multinational corporations will get control, and their profits will also help to prop up the US dollar.
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