Media Monitors Network – "The US Federal Reserve Bank, a private institution, is printing $1 trillion to buy toxic bonds to shore up the economy. Will this work? Perhaps temporarily but most economists predict a sharp decline in the value of the dollar within the next five years. With too many dollars in circulation and a massive debt, the dollar will fall in value vis-à-vis other currencies. The Chinese have already called for a new global reserve currency to replace the dollar as it did to the British pound after the Second World War."
This entry was posted in Syndicated and tagged trillion, currencies, decline, federal-reserve, british-pound, us-federal-reserve, bonds, economy, next five years, economists, federal reserve bank, massive debt, media monitors network, reserve currency, private institution, second world war, circulation, us federal reserve bank. Bookmark the permalink.