28-9-2010 Dollar kaput ???

DOLLAR KAPUT ???

Dollar Is ‘One Step Nearer’ to Crisis on Burgeoning Debt Burden, Yu Says
By Shamim Adam and David Yong
Bloomberg News
Tuesday, September 28, 2010

SINGAPORE — The U.S. dollar is "one step nearer" to a crisis as debt levels in the world’s largest economy increase, said Yu Yongding, a former adviser to China’s central bank.
Any appreciation of the dollar is "really temporary" and a devaluation of the currency is inevitable as U.S. debt rises, Yu said in a speech in Singapore today.
"Such a huge amount of debt is terrible," Yu said. "The situation will be worsening day by day. I think we are one step nearer to a U.S. dollar total crisis."

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