Thursday, October 28, 2010

China Daily: Devaluation of the US dollar

According the the Christian Science Monitor:

Those nagging whispers warning that the United States is heading for an Argentina-like currency crisis are getting louder. The prospect of a prolonged devaluation of the US dollar is just one more challenge in what has already been a difficult period for savers and investors. Have we really reached the point where the greenback is in danger of becoming an “also ran” currency?

The dollar just doesn't seem to have the same bang for the buck it used to. 

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