US prints dollars to ride crisis
Wednesday, April 8, 2009 : PermalinkMedia 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."
Tags: bonds, british-pound, circulation, currencies, decline, economists, economy, federal reserve bank, federal-reserve, massive debt, media monitors network, next five years, private institution, reserve currency, second world war, trillion, us federal reserve bank, us-federal-reserve
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