Posted by: tristar3research | March 25, 2009

Jim Rogers: Dollar is Doomed – FED Forced Short Cover of US$

Dollar Devaluation Underway After Short Squeeze engineered by the FED- What is the role of the PPT?:

Heli Ben: Quant Easing Means Accelerated Devaluation

Helicopter Ben: "Quantative Easing" Means Accelerated Dollar Devaluation

“We are headed for a massive dollar devaluation, regardless of the means–whether it is planned and accomplished by central banks, or by the markets reacting to huge government money printing that force the devaluation. Unlike during the Great Depression, we are no longer on the gold standard. Currencies are free to float and can be manipulated by central banks or politicians and moved by markets. In fact, I believe that one or both has already begun.In early December, Treasury Secretary Henry Paulson traveled to Beijing to encourage the Chinese to strengthen their currency (devalue the dollar versus the Chinese renminbi).”

Rogers continues: “Our Federal Reserve chairman, Ben Bernanke, then surprised most everyone by effectively moving the Fed funds rate to 0%, another move to devalue the dollar. Coming next, a new Bretton Woods? The G-20 met in November, scheduled another meeting for April and in the weeks following the November meeting, physical gold all but disappeared. Are central banks buying gold in preparation?”

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