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James Turk: Three strikes against the dollar

Section: Daily Dispatches

9:45p ET Wednesday, December 20, 2006

Dear Friend of GATA and Gold:

James Turk, founder of GoldMoney, editor of the Freemarket Gold and Money Report, and consultant to GATA, has just called a third strike against the U.S. dollar.

The first strike, Turk writes, was Iran's conversion from dollars to euros. The second was the U.S. government's proclamation of a ban on melting one-cent and five-cent coins now that their metal value exceeds their currency value. And the third -- a strike against not only the dollar but also the euro and the yen -- is an expansion of government control over economies, including the prospect of capital controls such as Thailand briefly experimented with this week.

Turk's new analysis is titled "Three Strikes Against the Dollar" and you can find it in the "Founder's Commentary" box at the top left of the GoldMoney home page here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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