Downtown’s Billion Dollar Baby
DOWNTOWN LOS ANGELES – For the past two and a half years, Downtown has eagerly watched the progress of the Convention Center hotel. The development that began with a massive groundbreaking ceremony on June 1, 2007 — complete with a chandelier suspended from a crane, hanging over city and business officials as [...]
Euro Declines for Third Day Versus Dollar, Yen as Growth Slows
Feb. 12 (Bloomberg) — The euro fell for a third day against the dollar and the yen on speculation that Europe’s recovery from last year’s recession is slowing.
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I believe that the US government is on the verge of bankruptcy, and that when/if this occurs, it will cause a collapse of the US dollar. My question is what effect this will have on other currencies such as the Canadian dollar or Euro. What is the safest currency to be in when/if this occurs?
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