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Economy - International

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CNN Money.com

Further cuts in U.S. interest rates would have a "harmful effect" on the dollar and the international finance system, a Chinese finance official wrote in a commentary Thursday in an official newspaper.

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Information Clearinghouse

For the majority of Americans who do not travel abroad, the only visible effect so far of the dollar's steep fall has been higher fuel prices at the pump. But that may be about to change, along with many other things.

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Telegraph.co.uk

To all intents and purposes, the Wahabi religious establishment of Saudi Arabia has just issued a fatwa against the US dollar. This bears watching.

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MarketWatch.com

Schultz in his intense, somewhat terrifying introduction: recession, possible depression; exchange controls; housing prices down 50%; credit card company failures...

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Novosti / Russian News & Information Agency

The sale of our country's oil in U.S. dollars has been completely eliminated," ISNA reported Oil Minister Gholamhossein Nozari as saying. He also said "the dollar is no longer a reliable currency."

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Spiegel International.com

What if panic breaks out and the new mantra is to "get out while you can?" If that happens -- and this is the horror scenario -- the dollar will crash and, along with it, the international financial markets.

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DUBAI/LONDON (Reuters)

Investors from Dubai to China could be considering similar deals with cash-strapped U.S. banks, hoping to ride a recovery in their stocks and avoid the political barriers that could have been thrust in their path in better times, analysts said.

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Housing Doom

The French president, Nicolas Sarkozy, has warned the United States Congress that the US risks triggering "economic war" if it attempts to devalue its way out of trouble by allowing a relentless slide in the dollar.

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Common Sense Forecaster

Sequence 6 - « Very Great Depression » in the US, social unrest and the militaries' growing influence on public affairs Sequence 7 - Major acceleration in world's strategic rebuilding, attacks on Iran, Israel on the brink, Mid-eastern chaos,

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Alternet

"Developing nations must create their own mechanisms of finance instead of suffering under those of the IMF and the World Bank, which are institutions of rich nations ... it is time to wake up." That was Lula Da Silva, the president of Bra

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The Australian

ONE of the writers who best understood the phenomenon of totalitarianism in the 20th century, British historian Robert Conquest, argues that any totalitarian attempt to control all aspects of life is untenable in the long run and allowing a far great

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der Spiegel

Flush with cash from going public and from strong growth at home, Chinese banks are now eying the U.S. It's part of a broader push to become global titans offering a wide range of financial services.

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www.bloomberg.com

Oct. 24 (Bloomberg) -- Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency.

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Daily Telegraph

Ian Stannard, a Paribas currency analyst, said the data was "extremely negative" for the dollar. "It exceeds the worst fears. It is not just foreigners who are selling US assets. Americans are turning their back as well," he said.

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L. Neil Smith for The Libertarian Enterprise

As a libertarian, for example, I knew a collectivized "command and control" economy can't work, in particular, because it can't discover or establish price. Price is the single most important item of information that's necessary

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Financial Times

The toll of big bank losses from the credit squeeze toppled $18 bn on Friday after Merrill Lynch and Washington Mutual revealed heavy damage inflicted by financial market turmoil. Merrill Lynch said it would take a $5bn writedown and record a

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