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Aug. 19 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund, said the dollar will weaken as its status as a reserve currency is eroded by concerns about the increasing U.S. money supply.
Originally posted by crw2006
Is this finally it? Are we going to see major devaluation here? Or is it going to be a long downward spiral like the track we are currently on? Many of us here already know that this was bound to happen, the question was when. Im taking this as a warning and I am going to diversify to protect my wealth. Should be a very interesting fall!