The dollar has had its day

In this column Rabobank’s Chief Economist Dr. Wim Boonstra argues that the world is experiencing the latter days of the dollar era. In the absence of a different reserve currency any time soon, Dr. Boonstra advocates a return to a value standard that is not dependent on one country. The US Treasury Secretary sent an urgent letter to Congress early january. It warned of an array of economic disaster scenarios that could arise if Congress does not approve raising the federal government&rsq