Daily Reckoning Group Research Project: Trade of the Decade | Gold …
It welcomed members it shouldn’t have, and it will pay the price. There is just too much variation among member states for all to live under one currency. And with the hard times ahead, people will at first flee the weaker currencies to the dollar. … Net result will be a crash of the economy similar to the Japanese crash, and possibly the Western economies in the very near term. In 10 years, the renminbi should have bottomed out. The stronger Western economies will have …
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