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Posts Tagged ‘ Debasement ’

How to Sell the Dollar

Aug 5th, 2008 | By Addison Wiggin | Category: US Dollar & Forex Trading

In 2004, then Treasury Secretary John Snow was traipsing about the globe trying to “talk the dollar down.” Why? In a word: debt. At the time, our debt stood at $7 trillion, with interest payments in fiscal 2003 totaling $318 billion. But now the U.S. national debt stands above $9 trillion, with interest payments in fiscal 2007 adding $1.4 billion a day.

Tags: Addison Wiggin, bear market, Bretton Woods, Debasement, Devaluation, Dollar Bear, Interest Payments, John Snow, National Debt, Strong Dollar, Term Options, Treasury Secretary, Weak Dollar
Posted in US Dollar & Forex Trading | No Comments »

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