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  1. 03-22-2009, 04:06 AM #1
    AirborneSapper7
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    Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buy

    Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying

    By Ye Xie

    March 21 (Bloomberg) -- The dollar dropped the most against the currencies of six major U.S. trading partners since the Plaza Accord almost a quarter-century ago as the Federal Reserve’s plan to purchase Treasuries spurred speculation that it’s debasing the greenback.

    “What it introduces is the problem of the currency to the extent that the Fed is buying what isn’t desired by foreign holders,â€
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  2. 03-22-2009, 04:09 AM #2
    JBParrothead
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    ...and let's see, the first amnesty for illegal alien Mexicans was given to them in 1986....the entire country has steadily declined since then on every level...
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