Wednesday, October 12, 2011

The U.S. dollar has started fading as the world's reserve currency

“The U.S. dollar has started fading as the world's reserve currency,” Rogers said, assailing what he called the U.S. government's de facto policy of devaluation. “However, the dollar could get a temporary boost if the government allows U.S. companies to repatriate their overseas cash without onerous taxation,” - in Marketwatch

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