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The Limited Shelf Life of Dollar Fruit
dailyreckoning.com — In the vaults of various central banks around the world lies $4.8 trillion worth of foreign currency reserves - the fruit of selling oil and widgets, mainly to U.S. consumers. And like oranges or papayas …these dollars have a limited shelf life. We have not been invited to peek into these vaults, but we have no doubt what we would find:
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