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Saturday, July 11, 2009

China's Dai Bingguo: ditch the dollar!

“We should have a better system for reserve currency issuance and regulation,” said Dai, a Chinese state counselor, “so that we can maintain relative stability of major reserve currencies exchange rates and promote a diversified and rational international reserve currency system.”
-- from "The Power Shift of 2009, Sell This Sector, Buffett’s Housing Cure and More!" by Addison Wiggin and Ian Mathias

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