Monday, October 25, 2010

Dollar at Risk of Becoming 'Toxic Waste': Charts

http://www.cnbc.com/id/39828427

14% less buying power in the last 2 months.
When Ben puts out QE2, the dollar won't be worth a plug nickel.
Like I said Ben doesn't give a damn if you eat, as long as the stock market stays green.

"The dollar is being trashed, we've actually had effectively devaluation of about 14 percent in the last two months," Griffiths said.

His view is contrary to that of HSBC foreign exchange strategist David Bloom, who told CNBC that a continuation of the currencies war after the G20 might put pressure on risky assets, causing a flight to safety into the dollar.

The