Breaking News from Moneynews.com Former China Adviser: US Dollar Is 'One Step Nearer' to Crisis Expert: Dollar Destruction Coming — 8 Ways to Profit Now Will the Stock Market Plunge 50% (or More) — Taking Your Retirement With It?
The U.S. dollar is “one step nearer” to a crisis as debt levels in the world’s largest economy increase, said a former adviser to China’s central bank. Any appreciation of the dollar is “really temporary” and a devaluation of the currency is inevitable as U.S. debt rises, Yu Yongding said in a speech in Singapore today.
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Wednesday, 29 September 2010
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