Dollar Hits Record Low

The following sentence says it all: “In our risk scenario, little progress on the fiscal front raises the probability of a fiscal crisis and the odds that the Fed becomes the buyer of the last resort,” said David Woo, currency strategist for Bank of America Merrill Lynch, in a note to clients today.”This would accelerate the process of the USD’s demise as the global reserve currency and cause it to decline in a disorderly manner.” The "disorderly decline" business means serious and painful levels of price inflation, all thanks to our crime bosses in DC and at the Fed.

Adjusted For Inflation, Dollar Hits Fiat-Era Low – CNBC: www.cnbc.com/id/42809381

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