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Message: US Dollar Nosedives Through .7700 USDX

Li, head of the Asia department at the Chinese Academy of Social Sciences, a top government think tank just confirmed my suspicion that the fall of the dollar is (orchestrated by the US Gov) all part of the currency war game, a race to the bottom, it is proof that confidance has not been restored to the financial system, it is a sign of pure desperation by governments to save their economies. Have you heard anyone from the U.S.Goverment backing a strong dollar lately? see what I mean? Gold will be King !! GRIM

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BEIJING | Thu Oct 14, 2010 6:39am EDT

"The dollar's depreciation may appear to be market-driven. In reality, it is a depreciation colored by very strong, deliberate actions," Li said in the paper, which serves as the chief mouthpiece of China's ruling Communist Party.

http://www.reuters.com/article/idUSTRE69D15B20101014?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/businessNews+(News+/+US+/+Business+News

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