Dollar to Hit 50 Yen, Cease as Reserve Currency

by Benjamin Domenech on 9:10 am October 15, 2009

“The U.S. economy will deteriorate into 2011 as the effects of excess consumption and the financial bubble linger,” said an analyst at Japan’s third-biggest bank. “The dollar’s fall won’t stop until there’s a change to the global currency system.” If the dollar really falls to 50 yen, the Japanese economy would get taken apart.

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