Dollar headed for collapse: Mahathir

[whirlygigspin]

AFP , KUALA LUMPUR
Thursday, Mar 31, 2005

"The US dollar is facing an imminent collapse and the global economy will suffer a "catastrophe" when it is rejected as the currency for trade, former Malaysian prime minister Mahathir Mohamad said in remarks published yesterday."

http://www.taipeitimes.com/News/world/archives/2005/03/31/2003248499

see also: Dollar "catastrophe" prompts call to replace George W Bush
http://www.theinquirer.net/?article=22247

"THE FORMER prime minister of Malaysia, Mahathir Mohamad, has launched into a swingeing attack on US president George W. Bush and warned that the global economy was heading for a catastrophe with the dollar in danger of imminent collapse."

"Mahathir claimed that the only reason the US dollar was keeping its value was because of a widespread fear of global meltdown when it collapsed."

related: IMF urges Malaysia authorities to abandon peg on U.S. dollar
http://www.etaiwannews.com/World/2005/03/16/1110937730.htm


--dollar slides on comments--
http://www.thebulliondesk.com/content/reports/tbd/jimmy/300305ny.htm

"...renewed pressure on the dollar after comments from former Malaysian prime minister Mahathir Mohamad in which he said the US dollar was facing an imminent collapse and the global economy will suffer a “catastrophe”. Fourth quarter GDP data from the US has also pressured the greenback after coming in below expectation at 3.8%."

[cornermouse]

1. Would Wolfowitz's elevation to the World Bank have any

effect on the dollar? Just wondering.

[ClintonTyree]

2. I'm sure the World Banking Community.................

will feel MUCH better about the dollar with Wolfie at the healm. :eyes:

[cornermouse]

3. To be honest, I don't really understand why the neos

keep acting like the dropping dollar is no big deal. I originally thought they probably have already diverted most if not all of their money elsewhere, but maybe with Wolfowitz in the World Bank, they think they can keep bluffing?

[TR Fan]

4. This is the same Mahathir who

said the Jews "ruled the world by proxy"?

[Blue Gardener]

5. Does this guy have any credibility?

I agree the dollar is in trouble, but I'd like to hear it from someone without an agenda.