20 de septiembre de 2010

Déjà vu devaluacion en Estados Unidos

http://en.wikipedia.org/wiki/Nixon_Shock
By the early 1970s, as the costs of the Vietnam War and increased domestic spending accelerated inflation,[1] the U.S. was running a balance of payments deficit and a trade deficit, the first in the 20th century. The year 1970 was the crucial turning point, which, because of foreign arbitrage of the U.S. dollar, caused governmental gold coverage of the paper dollar to decline 33 percentage points, from 55% to 22%. That, in the view of Neoclassical Economists and the Austrian School, represented the point where holders of the U.S. dollar lost faith in the U.S. government’s ability to cut its budget and trade deficits........In 1971, the U.S. government again printed more dollars (a 10% increase)[1] and then sent them overseas, to pay for the nation's military spending and private investments....