Max Kaiser – US Dollar Likely to Lose 50% Value in Near Future
Posted by newforex Saturday 31 July 2010 7:50 am
RT.com AND http Max Kaiser believes there is going to be a currency re-valuation across the globe. The dollar would probably be cut in half versus made of the trading currencies. Gold in particular will have to be, as it was in the 30s, valued upward. Gold and precious metals and any currency that brings in to the basket of commodities or precious metals as the basis of the currency will in concert I believe move 50-60% in one day or one week or may move over 100% in a week. This means that all the currencies will be revalued against gold. And the currency which will lose the most would be the US dollar.
Posted by newforex Saturday 31 July 2010 7:50 am
RT.com AND http Max Kaiser believes there is going to be a currency re-valuation across the globe. The dollar would probably be cut in half versus made of the trading currencies. Gold in particular will have to be, as it was in the 30s, valued upward. Gold and precious metals and any currency that brings in to the basket of commodities or precious metals as the basis of the currency will in concert I believe move 50-60% in one day or one week or may move over 100% in a week. This means that all the currencies will be revalued against gold. And the currency which will lose the most would be the US dollar.