American Time magazine predicted depreciation of the dollar and, eventually ousting him from the position of world reserve currency. Against the background of rising inflation and falling unemployment Reserve Bank of Australia in early October, raised the rate of the discount rate. His example, the magazine writes, soon followed by financial regulators in China, India, New Zealand and Singapore, and a few months, perhaps the ECB. And only one very marked central bank - the U.S. - is unlikely to support this trend in the foreseeable future, since unemployment in the United States reached 9.8% and continues to grow. From the perspective of Time, is one more unpleasant news for the dollar bowed, which has practically turned into a tool for currency speculation.

Now more appropriate to leave the dollar and invest in more profitable currency, the magazine advises. On the depreciation of the dollar win and the holders of gold assets: this precious metal is still considered the best hedges against the weakening dollar, as well as on inflation.

With regard to the dollar, he does not have self-worth. He became the world's reserve currency only because the economic power provided by the United States, and in the case of a new sverhekonomiki, whether the European Union, China, India, Brazil or Russia, the currency of this new power could replace dollar as world reserve currency in the same way as in the past century, the dollar replaced the pound sterling, wrote Time.

In early October, as it became known that the Gulf countries, China, Russia, Japan and France by 2018, in mutual intention of the oil deal to move to currency basket, which includes gold, yen, yuan, and the new single currency of the Council on Gulf Co-operation. It would be fantastic this news may sound, the mere fact that such allegations are made, shows how seriously shaken confidence in the dollar, sums up Time.

Solid fiction

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