“Dollar Index Headed for Rapid Collapse” Over Next 3 to 4 WeeksSubmitted by Bob-45 on Thu, 09/20/2012 - 00:32
By Mac Slavo
September 18, 2012
If you think the Federal Reserve’s quantitative easing will only affect the US dollar, think again.
Now that the United States has officially begun it’s third round of money printing to the tune of at least $40 billion monthly, central banks around the world will also act to ‘defend’ their currencies in kind.
Moreover, because everyone is joining the fray, all of that extra money will make its way into key resource stocks and commodities, adding further upside price pressure to essential goods like food and fuel.
It’s a race to the bottom, and the losers are the 99.9% of us who aren’t being kept in the loop.