Thursday, March 24, 2011

Investment Legends: “Dollar Collapse Inevitable”

Jeff Clark, BIG GOLD
BIG GOLD: A lot of economists, including the government, believe the worst is behind us economically. Do you agree? If not, what should we be on the lookout for in 2011?

Jim Rogers: It is better for those getting all the government largesse, but the overall situation is worse. More currency turmoil. State and local problems, plus pension problems.

Bill Bonner: None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises. Deleveraging takes time. 2011 will, most likely, be a transition year... not unlike 2010. But the risk is that one of these latent crises will become an active crisis.

Peter Schiff: To me, it's like watching someone walk into the same sliding glass door again and again. Wall Street must know by now that large infusions of liquidity from the Fed spur present consumption at the expense of investment for the future. We are an indebted family going out for an expensive meal to celebrate getting approved for a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.
Read More:

China's Secret Plot to Dump the Dollar

...and 3 Surprising Places You Should Put Your Money Right Now to Avoid the Carnage and Prosper.

Read More:

No comments:

Post a Comment

Kalender Ekonomi & Event

Live Economic Calendar Powered by Forexpros - The Leading Financial Portal