November 12, 2007 (LPAC)--In the midst of many dozens of commentaries suggesting the end of the U.S. dollar as the world's reserve currency, British agent Ambrose Evans Pritchard, reported in a London Telegraph article posted late Sunday night that the "U.S. Will Retake Economic Superpower Crown." "Every 20 years or so, the punditocracy consigns America to the economic dustbin ... [but] At the end of the day, the U.S. remains the only major power still producing babies at a rate high enough to survive through the 21st century as a dynamic society."
Evans Pritchard is dismissive of the "Europe" of the euro bloc, and says, "The dollar is at least the currency of a nation, backed by a unified democracy. There is no parallel with sterling of the lat 1940s. America is a rich republic of 300m, not a crumbling empire held by force. That said, the dollar may fall further yet..." But ultimately he believes that "America will now conquer market share at the expense of others in a beggar-thy-neighbor 1930s world." He notes that will all the troubles for the U.S., "the shares of Barclays, RBS...UBS, et al. are still in freefall, in many cases down 40pc."
Lyndon LaRouche commented that what Evans Pritchard is really saying is that the British are in much worse shape than the U.S.--if the U.S. acts with the power that it truly has, Constitutionally, institutionally, and economically.