There is a great post by Jessica Hupp over at CurrencyTrading.net which offers the opinions and forecasts of a dozen heavyweight financial execs from around the globe.

Take your sunglasses off, according to this group, the future is not so bright for the USD. (I agree)

Phrases like, “headed for further declines…” are used often.

This is a must read for gold bugs.

In an interview on National Public Radio in the United States Benn Steil, an economist for the Council on Foreign Relations says most national currencies should be eliminated because they end up being manipulated by politicians, and do more economic harm than good.

It’s four minutes long and you can listen to it at NPR’s Internet site here: http://www.npr.org/ (http://www.gata.org/node/4692)

A long essay Steil wrote for the May/June issue of Foreign Affairs, “The End of National Currency,” can be found at that magazine’s site here: http://www.foreignaffairs.org/

“Benn Steil says most national currencies should be eliminated because they end up being manipulated by politicians, and do more economic harm than good.”

Who Is Benn Steil?

Senior Fellow and Director of International Economics

Award-winning writer, editor of International Finance, and cofounder of a transatlantic financial markets consultancy firm. Currently writing a book analyzing the historical relationship between money and national sovereignty and its importance in understanding contemporary globalization.

Expertise: Financial markets; securities trading; international finance.Experience: Cofounder and managing member, Efficient Frontiers LLC, financial markets consultancy (current); Editor, International Finance (current); member, European Shadow Financial Regulatory Committee (current); Director, International Economics Programme, Royal Institute of International Affairs (1992-98).

Source: Council On Foreign Relations