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Well that was a big move!
hmmm... well looks like the traders have decided we are heading up up and away against the USD.
Jimmy Rogers has said he is selling all of his US dollars and I bet he is at now.
The US now has a low rate currency and it appears that they are going to throw out the risk of devaluating their currency inorder to jumpstart or save the economy which ever way you see it.
Make no mistakes this will be the biggest Fed borrowing and spending since the WWII bond borrowings. It's a case where there can be no doubts on what has to be done as depression will set in if they dont revive spending and keep the unemployment lines down.
I dont think currency and how the state of rest of the world is doing will matter as the US is coupled still to the global economy, whats good for the goose is good for the gander.
