Friday, November 05, 2010

This is not even close. The dollar in ten years will be worth ten of today's cents. That's how the huge debts to other countries will be paid, it's called monetzation. Every nation that ends up where we are today monetizes it's debts away. Don't you wish YOU could do that?

The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world's largest mutual fund, said on Monday.

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