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Wednesday, December 03, 2003
26 NOVEMBER 2003
Current account deficit increasingly funded by foreign central banks, proportion of private money is declining. Financing at very favourable terms foreign capital, all they are getting for their hard work is more paper, which is reducing the value of their own currency. That is Japan and China central banks.
Current account deficit increasingly funded by foreign central banks, proportion of private money is declining. Financing at very favourable terms foreign capital, all they are getting for their hard work is more paper, which is reducing the value of their own currency. That is Japan and China central banks.