Global currency system is breaking down

The global economy is at the point of maximum danger

By Guest Column —— Bio and Archives--July 21, 2008

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By Ambrose Evans- Pritchard, Telegraph It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.

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