Tuesday, May 10, 2011

Currency Depreciation

In essence the depreciation of the U.S. dollar adopted by the U.S. government indicates that its solvency is on the brink of collapse, therefore it wants to cut its debt through the act of devaluation with the national will; such a move has severely harmed the interests of creditors.
Source: Dagon Credit, Surveillance Report for Sovereign Credit Rating (PDF), November 2010
Taken From: Sovereign Man, The Worst Advice I've Seen In Years, 4/18/2011

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