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[Tuff-Stuff]

Former PBOC Banker: US Dollar Is "One Step Nearer" To A Crisis
Joe Weisenthal | Sep. 28, 2010, 6:34 AM


This will likely get some play today.

Former PBOC advisor Yu Yongding is speaking in Singapore today. He said the country is getting nervous about its currency portfolio.

ForexLive:

He opined that the greenback is “one step nearer” to a crisis and that a devaluation in the currency may be inevitable.

Before you freak out, consider two things. One is that he's a former advisor.

Two, he's been singing this tune for a long time


Read more: http://www.businessinsider.com/yu-yongding-us-dollar-is-one-step-nearer-to-a-crisis-2010-9#ixzz10pBm2Gng