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Nadlique's Blog of Financial Freedom

Nadlique's Blog of Financial Freedom

http://www.nadlique.com

This blog is about a journey of a 21-year-old Malaysian towards financial freedom. Materials such as investing, business, equities, and derivatives are presented. The author also posts his daily thoughts and observations.

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This blog is currently rated a 4.00 out of a possible 5 based on 1 comment.

4 stars John Watson

The Fall of the dollar:- USA cannot continue to print dollar bills. The reason for this is that the !Fed! owe 47 trillion dollars and every person in America would have to pay $94,500 the fed to clear what America owes. In Europe we would have to pay the European Central Bank $2,500 to clear the debt. Never in Americas history have the imbalances in the economy has so pronounced or so dangerous, Over the next year the dollar will lose 35 - 45% of its value. America while still the worlds number one economic power , is showing itself to be unreliable steward of its own economy/currency. In this period the European Central Bank will try to protect the dollar by rising our rates. Big mistake, as during this period Japan and China will dump trillion dollar bonds and the dollar will really be in big trouble, this is the reason Gold has risen from $300 to $890 over a very short period, Gold will rise to $1400 per ounce during 2008 and 2009. John Watson

Posted: June 5th, 2008 | Report This Comment

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