Friday, April 22, 2011

Quote from April 2004 (at a time when Bernanke & Co. promised eternal prosperity)

"A fall in the dollar from its pedestal with no substitute to replace it would … support the theory that we may be entering a period of currency chaos and a global economic contraction," warned economist Antony Mueller. "In the final stages of the currency crisis, the dollar will most likely devalue not so much against the euro and the yen, but, instead, most of the currencies combined will devalue drastically against gold."
Source
The Demise of the Dollar? (2002)
The End of Dollar Supremacy (2003)
Mr. Bailout (2004)

No comments:

Post a Comment