Analysts worry about the dollar as it falls over 10% against a basket of currencies

Peotr Pushkareov, chief analyst of the Kiev-based company TeleTrade, points out the crisis of a dollar system due to growth of the huge debt that the United States is unable to serve. According to Paul Craig Roberts, chairman of the Institute for Political Economy, the U.S. national debt is now over $20 trillion. More than $500 billion go towards interest on the U.S. national debt each year, whereas both tax revenues to the Treasury and new loans are insufficient.

The dollar has fallen over 10% against a basket of currencies on world markets in 18 months. However, the dollar has recently advanced a little during a setback. At present, the euro costs $1.15 and is forecast to reach $1.3 by this year-end. Incidentally, James Rickards, editor of the Strategic Intelligence newsletter, notes that today's $100 bill is only worth 10 cents on the dollar, compared with the $100 bill of 1969.