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The dollar has problems but so have all other currencies. Right now the world can not get enough dollars. The dollar will not drop dead over night. It is still the world's reserve currency. It will still take many more years until this changes! Always remember that any currency is also a political voting mechanism and the world voted against Bush and therefore the dollar over the last years. Once there are more productive investments in the US and less waste on wars, the dollar will recover!
Jan 17 10:40 am
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All Comments by stefalb »Exclusive Interview with Jim Rogers: Inflation Is Coming [View article]
On Jan 17 05:47 AM mbr wrote:
> Faced with the state of the US of North America what would you do
> if you had to decide about using your USD reserves? Keep buying US
> treasuries to preserve exports to the US? But US demand is going
> down and the fed prints whatever money is needed, so what is the
> point? Instead it would be wiser to spend the reserves buying hard
> assets, patents and products that can be used to develop china's
> internal economy. Guess who the beneficiaries might be...