Soros: "the end of an era based on the dollar"

Discussion in 'Current Affairs, News and Analysis' started by KGB_resident, Jan 23, 2008.

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    This high profile crook likely knows what he says about. The cnut wrote in FT


  2. Sounds to me like someone trying to hedge a bet.
  3. Firstly, everyone turns to gold during a downturn anyway.

    Secondly, China is heavily reliant on its exports to build its infrastructure so a recession in the west would have a devastating effect.

    Russia is reliant on its fossil fuel exports so the coming recession will probably see the bears grounded again.
  4. This article by Niall Ferguson is also to the point and along the same lines.

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