28.8.05

The Australian: Dumping of US dollar could trigger 'economic September 11' [August 29, 2005]

The Australian: Dumping of US dollar could trigger 'economic September 11' [August 29, 2005]: "THE nightmare scenario that haunts global strategist Clyde Prestowitz is an economic September 11 -- a worldwide financial panic triggered by a sudden massive sell-off of US dollars that would lead inexorably to the collapse of economies around the world.

If that happens, Prestowitz predicts: 'It would make the Great Depression of the 1930s look like a walk in the park.'

Australia would be sucked into the vortex of such a recession, which would cause great hardship throughout the world, he warns."

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