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QE2 risks currency wars and the end of dollar hegemony
As the US Federal Reserve meets today to decide whether its next blast of quantitative easing should be $1 trillion or a more cautious $500bn, it does so knowing that China and the emerging world view the policy as an attempt to drive down the dollar.
Posted by: tipper 2010-11-02
http://www.rantburg.com/poparticle.php?ID=308878