A top analyst writes: Funds such as Pimco are now short in Treasury Bonds. One of the world's most successful currency traders, George Soros, now says the U.S. dollar is no longer the world's reserve currency. It now costs about $75 to fill up a family car. This time last month, the average fill-up ran about $50. Because the Federal Reserve won't stop printing money, trips to the grocery store are averaging $200 where they used to be be about $100 - even for couples whose oldest kids have left home. The assault on the U.S. economy is in full swing and taking flight following successful revolutions through insurrection in such diverse Islamic states as Yemen, Bahrain, Saudi Arabia, Egypt, Libya, Tunisia and Morocco.
Tuesday, April 12, 2011
George Soros - U.S. Dollar no longer world's reserve currency
A top analyst writes: Funds such as Pimco are now short in Treasury Bonds. One of the world's most successful currency traders, George Soros, now says the U.S. dollar is no longer the world's reserve currency. It now costs about $75 to fill up a family car. This time last month, the average fill-up ran about $50. Because the Federal Reserve won't stop printing money, trips to the grocery store are averaging $200 where they used to be be about $100 - even for couples whose oldest kids have left home. The assault on the U.S. economy is in full swing and taking flight following successful revolutions through insurrection in such diverse Islamic states as Yemen, Bahrain, Saudi Arabia, Egypt, Libya, Tunisia and Morocco.
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