Volcker says dollar's role in danger as U.S. influence declines

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investorzzo
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Volcker says dollar's role in danger as U.S. influence declines

With oil about to pass 90 dollars and Gold posied to move over 1400, one has to wonder if the next shoe is about to drop. IMF looks for more US bailouts to help shore up Europes next country to need assistance. If the economy is ready to turn and I mean if? Inflation could get ugly in 2011. Doesn't look like congress will deal with any real cuts in the deficit until the 2012 election. Jon

"This is a troubling time for America, a troubling time for the world,” Volcker said in remarks to Common Cause, a civic group. He said the U.S. is facing its most difficult economic crisis since World War II. “If ever there were a need for clear-headed, confident leadership, nationally and internationally, that time is now.”

http://www.bloomberg.com/news/2010-12-01/volcker-says-dollar-s-global-ro...

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