Dollar is Trash, Latin America is Gold...The US dollar has hit a 33-month low...The dollar is in a heap of trouble, says real estate billionaire Sam Zell. And with the United States economy in such disarray, he sees Latin America as very attractive, particularly Colombia, Peru and Chile. "We’re printing money at a staggering rate. It all comes down to how much longer everybody is going to be willing to take a depreciating currency,”
http://www.moneynews.com/StreetTalk/Sam-Zell-Dollar-Latin/2011/05/18/id/396786?s=al&promo_code=C488-1
Showing posts with label Currency. Show all posts
Showing posts with label Currency. Show all posts
Wednesday, May 18, 2011
Wednesday, April 20, 2011
It’s Official: China Will Be Dumping US Dollars
It’s Official: China Will Be Dumping US Dollars..The Fed WILL continue to pump money into the system 24/7 and it’s going to result in the death of the US Dollar.
China announced that its foreign currency reserves are excessive and that they need to return to “reasonable” levels. In politician speak, this is a clear, “we are sick of the US Dollar and will be taking steps to lower our holdings.” Remember, the US Dollar is China’s largest single holding. And China has already begun dumping Treasuries (US Debt)...The dimwits in Washington don’t understand this because their advisors are all Wall Street stooges who don’t think debt or deficits matter.
http://www.zerohedge.com/article/it%E2%80%99s-official-china-will-be-dumping-us-dollars
China announced that its foreign currency reserves are excessive and that they need to return to “reasonable” levels. In politician speak, this is a clear, “we are sick of the US Dollar and will be taking steps to lower our holdings.” Remember, the US Dollar is China’s largest single holding. And China has already begun dumping Treasuries (US Debt)...The dimwits in Washington don’t understand this because their advisors are all Wall Street stooges who don’t think debt or deficits matter.
http://www.zerohedge.com/article/it%E2%80%99s-official-china-will-be-dumping-us-dollars
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