News & videos about the predicted collapse of the United States dollar, as well as the American stock market in 2014.

Wednesday, November 3, 2010

Fund Manager: Dollar in Danger of Losing 20 Percent of Value

Will the Fed's actions this week cause the dollar to drop 20%? Try 50%.

Don't believe it? Check back in six months and see if we we're right.
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.  "I think a 20 percent decline in the dollar is possible," Gross said, adding the pace of the currency's decline was also an important consideration for investors.

"When a central bank prints trillions of dollars of checks, which is not necessarily what (a second round of quantitative easing) will do in terms of the amount, but if it gets into that territory—that is a debasement of the dollar in terms of the supply of dollars on a global basis," Gross told Reuters in an interview at his PIMCO headquarters.
US Federal Reserve: Fed Easing May Mean 20% Dollar Drop: Gross - CNBC

Need to Lose 9 lbs in Only 11 Days? - Learn the Secrets Behind The Idiot Proof Diet and save 50% with this secret bonus code.

No comments:

Post a Comment

Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.

Search US Dollar Panic

Loading...