He'd be smart to sell his countries dollar reserves. I think we are in for a HUGE devaluation. Most of Europe, Russia are cutting their ties to dollar markets, gold and precious metals are going up. China is buying ALL our debt...
What we have brewing, thanks to good ol' Dubya is a recipe for utter disaster.
What I forgot to tell you is Argentina is liquidating aprox 1/3 of it's foreign reserves to get out from under it's IMF debt three years early.
It's a major turn around for a country racked with crippling inflationary concerns. This fact and fact millions of dollars left Argentina with the last devaluation practically ruined the middle classes. The IMF wanted them to cool down the their economy even further.
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