DOLLAR/EURO @ 160 IS INEVITABLE... AND PROBABLY GOING TO 200 AT SOME POINT.
The U.S. budget deficit will put pressure on the dollar, according to Bill Gross, who manages the world's biggest bond fund at Pacific Investment Management Co. in Newport Beach, California.
``Three years hence, we will see a trillion-dollar deficit to support the U.S. economy,'' said Gross in an interview on Bloomberg Television. ``That's a lot of paper, and that's a lot of compression downward of the value of the U.S. dollar against most other currencies.''
YES BILL...A TRILLION DOLLARS PER YEAR IS STILL A "LOT OF MONEY" EVEN IN THESE DEGENERATE TIMES...
WHAT IN THE WORLD CAN "WIEMAR BEN" DO...? THE FED IS STILL PRINTING MONEY LIKE IT'S 1999! AND THE BUBBLES ARE BOILING AND THE DOLLAR IS AT 86 ON THE EURO...NOT 160...HEADING FOR 200!!
