US dollar set to be major casualty of Hank Paulson's bailout | WHAT REALLY HAPPENED


US dollar set to be major casualty of Hank Paulson's bailout

The US taxpayer bail-out of America’s banking sector is an event whose significance will reverberate for many years. What it means for free markets, for the way Western economies are run, for the prosperity of the world economy, must remain to be seen.

But as investors scrambled to make sense of last week’s events, already one conclusion was all but irrefutable – the US dollar will have to take another major fall.

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