Word: dollarized
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Dates: during 2000-2009
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...there are deeper reasons to fear a persistently weak dollar. For decades, various emerging markets in Asia and the Middle East have either officially or unofficially matched their currency rates to the dollar to limit their own currency fluctuations and thus stimulate trade. Since these countries tend to be exporters, they have also historically generated buckets of surplus dollars, which they funneled into U.S. Treasury bills, attracted by the dollar's long-term stability. This arrangement benefited the U.S., providing it with a bountiful source of buyers willing to fund its debts, despite the relatively low interest rates on offer...
China, Japan and others welcome the chance to scale back their U.S. holdings, but even the hint of a sale could send the dollar tumbling - as happened earlier this month when a Chinese official suggested China might shift some of its currency reserves to offset the "weak" dollar. The notion that the days of the dollar's dominance are numbered is, in fact, increasingly popular. In September, Alan Greenspan, former chief of the U.S. Federal Reserve, said it's "absolutely conceivable that the euro will replace the dollar as [the] reserve currency, or will be traded as an equally important...
Declining faith in the dollar also helps to explain the surge in prices of a host of commodities - a classic hedge against currency instability. This includes the spike in oil, which has been further boosted by soaring demand, political turmoil in the Middle East and rampant speculation by trend-following investors. "Four times in the last 40 years we've had major disruptions in global oil supplies coming from geopolitical events in the Middle East," says Lewis Alexander, chief economist at Citi. "If you were to see one of those scenarios play out, that would be a big additional shock...
...White Party: You can’t fund the entire thing, but the UC will pay for small compact mirrors, razor blades, dollar bills, and your dues for the Hasty Pudding Club...
...Make it Rain: Get your money in dollar bills, and throw them up to make it rain! Alternatively, pay someone to seed the clouds and make it rain on YardFest again. Take that, College sponsored...