The dollar is “one step nearer” to a crisis and a devaluation may be inevitable,...

|By:, SA News Editor

The dollar is “one step nearer” to a crisis and a devaluation may be inevitable, former People's Bank of China advisor Yu Yongding says. “Such a huge amount of debt is terrible. The situation will be worsening day by day. I think we are one step nearer to a U.S. dollar crisis.”