“Ashraf Laidi, chief market strategist at CMC Markets in London, described the Fed’s move as "doing away with ambiguity." He said in a report that the U.S. central bank gave the green signal to a fresh wave of monetization of government debt at the expense of the U.S. currency.” I am afraid that In a [...]
“Ashraf Laidi, chief market strategist at CMC Markets in London, described the Fed’s move as "doing away with ambiguity." He said in a report that the U.S. central bank gave the green signal to a fresh wave of monetization of government debt at the expense of the U.S. currency.”
I am afraid that In a decade we will look back and try to remember when a dollar or pound actually had any value….and then we will be forced to a global currency by the IMF or United Nations when a lira, peso, sterling and dollar are interchangeable. Just as government and the bankers in the last decade colluded to make billions by inflating the money supply and issuing worthless mortgages and securities, this government inspired inflationary scheme will devastate retirees, small business and others on fixed incomes.
comment by NERDGASM
Doesn’t matter if the Dollar falls to the floor the EU is just an economic powerhouse and nothing more. It’s just a grouping of several countries that may or may not use the Euro that is the only resemblance they have to an actual country. EU wont last in the long run and the Euro will fall in the dirt.