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Largest mutual fund bill gross said, you ready for this? he said the dollar is in danger of losing 20% of the value in the next few years if the federal reserve continues the unconventional monetary easing. peter shif said qu2 defaces value of money. by devaluing money, you need more of it to buy things. remember the $20 gold piece? i could still buy the same two suits that i did in 1879. the same coin. how many more dollars? it used to take $20. how many more dollars does it take to buy the gold coin? when fed creates money, prices rise. some rise more rapidly than others, like gold. commodities respond quickly to the weakening dollar. oil is at a six-month high today. takes longer for the price of goods to kick up. as a result, qe2 americans will have to endure a lower standard of living. it s a tax on all americans. ....
Largest mutual fund bill gross said, you ready for this? he said the dollar is in danger of losing 20% of the value in the next few years if the federal reserve continues the unconventional monetary easing. peter shif said qu2 defaces value of money. by devaluing money, you need more of it to buy things. remember the $20 gold piece? i could still buy the same two suits that i did in 1879. the same coin. how many more dollars? it used to take $20. how many more dollars does it take to buy the gold coin? when fed creates money, prices rise. some rise more rapidly than others, like gold. commodities respond quickly to the weakening dollar. oil is at a six-month high today. takes longer for the price of goods to kick up. as a result, qe2 americans will have to endure a lower standard of living. it s a tax on all americans. ....