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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (22453)2/27/2005 6:53:31 PM
From: Jamey  Read Replies (1) of 81118
 
"Dollar Crisis Evokes Panic Among World Financial Elite"
Comments by Volker, Rubin, and Bergsten.

"Most alarmist was Bergsten, who addressed the danger facing the United States in the form of its huge trade and current account deficit. "The U.S. must now import $5 billion in foreign capital a day merely to finance the current accounts deficit," Bergsten said. In the face of this, according to the London Financial Times, he forecast a sharp sell-off of the dollar coming "within weeks," and a full-blown dollar crisis."

larouchepub.com

James
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