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YIKES! Will 2013 be 'Adios' to the Dollar Hegemony?
On Tuesday, China's Dagong Global Credit Rating company has put the U.S. on its Negative Watch List, citing the fiscal cliff isssue and expanding debt scale of the country. In its statement, Dagong said Washington lacks the willingness and measures to make debt payments, and the measures adopted in the past 2 years have actually led to long-term depreciation of the existing debt and losses to creditors. The debt burden of the US federal government has risen by 11.7% in 2012, far more than the claimed GDP growth of 3.4% over the same period...

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