Tuesday, December 9, 2008

Currencies - Long Term

Currencies: "Main currencies, longer term"
Norton's comment: looks like we are headed for a stronger us dollar for a while as the World recession finds it a relatively safe haven. Deflation will show up also for a while until the Treasury printing presses break down and foreign investors question the backing of the US dollar as fiat currency. It appears that China and Saudi Arabia are quietly beginning to sell off their us dollars from their reserves and increasing their store of gold bullion.

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