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View Full Version : How the US Became Banker to the Post-War World (Part 3) - Bloomberg



NewsWhore
03-27-2012, 06:40 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHlwMf7VzQ-p2iybLC8tYY6_95DnA&url=http://www.bloomberg.com/news/2012-03-27/how-the-u-s-became-banker-to-the-post-war-world-part-3-.html)


How the US Became Banker to the Post-War World (Part 3) (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHlwMf7VzQ-p2iybLC8tYY6_95DnA&url=http://www.bloomberg.com/news/2012-03-27/how-the-u-s-became-banker-to-the-post-war-world-part-3-.html)
Bloomberg
The world abandoned the fixed-exchange-rate system for a floating- rate system in which the value of a currency is set by supply and demand, and the dollar depreciated further, leading Time magazine to quip, “Once upon a very recent time, only a banana ...

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