Currency Crash Possible : The dollar will weaken and the U.S. risks seeing a crash of the currency unless it does more to control the deficit and reduce debt, said New York University Professor Nouriel Roubini, who predicted the financial crisis. “If markets were to believe, and I’m not saying it’s likely, that inflation is going to be the route that the U.S. is going to take to resolve this problem, then you could have a crash of the value of the dollar,” Roubini said in an interview today in Cernobbio, Italy. “The value of the dollar over time has to fall on a trade-weighted basis, but not necessarily relative to euro and yen.”
“We are at a cross-road,” Kenneth Rogoff, a Harvard University professor and former chief economist for the International Monetary Fund in Washington, said in an interview last week. “If the Obama Administration fails to rein in the long-term budget deficits, the dollar is set to decline for decades.” Nobody likes the Dollar
Banks !!! Alert !!! US Dollar !!! Alert
8, September 2009 by randolphbuss
Currency Crash Possible : The dollar will weaken and the U.S. risks seeing a crash of the currency unless it does more to control the deficit and reduce debt, said New York University Professor Nouriel Roubini, who predicted the financial crisis. “If markets were to believe, and I’m not saying it’s likely, that inflation is going to be the route that the U.S. is going to take to resolve this problem, then you could have a crash of the value of the dollar,” Roubini said in an interview today in Cernobbio, Italy. “The value of the dollar over time has to fall on a trade-weighted basis, but not necessarily relative to euro and yen.”
Like this:
Posted in Commentary, FX | Tagged banks, Currency, Debts & Deficits, Euro, NWO, US Dollar, Video | Leave a Comment
Comments RSS