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Old 16th April 2007, 02:49 PM
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Re: April 16 (Bloomberg): What Grows $1 Million a Minute?

The dollar is finished as the World's Reserve currency.

China has been the main new source of finance to the US and it is now getting its money out.

The dollar will inevitably fall in value, especially as it becomes ever more apparent that the Bush Administration and the Federal Reserve are helpless to stem the tide.

Down is inevitable. Gradual decline in my book is just wishful thinking. It is really just a question of when it will happen and how much damage it will do. To minimise the outfall, it should have happened about 3 years back. To delay the necessary hard decision that will be necessary to get the US economy back on an even keel will only serve to exacerbate the damage that is eventually wrought by the markets.
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