Friday, September 21, 2007

U.S. Dollar in Free Fall? [Part 2]

Ben Bernanke has placed the dollar in a dangerous situation, say analysts

Fears of dollar collapse as Saudis take fright

By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 10:35am BST 21/09/2007

Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East. More...

China threatens 'nuclear option' of dollar sales
Ambrose Evans-Pritchard: Brace yourself for the insolvency crunch
The credit crisis in full

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