Saturday, March 5, 2011

Ray Dalio On The U.S. Dollar

"I think it's inevitable that the dollar's role as a world currency diminish from the dominant world currency to one of a few and it will happen over a gradual time.  We've been very lucky, because the dollar is the world's currency and considered the place that's safe so foreign countries will save there and we've been able to borrow at cheaper rates than we could have otherwise.  And so that is diminishing."

Ray Dalio

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