Friday, March 4, 2011

Loss of the dollar as world reserve currency

Real estate billionaire Sam Zell told CNBC today " My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disasterous to our country." He continued, " I'm hoping against hope that ain't gonna happen, but you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. Zell predicts a "25% reduction in the standard of living" if the U. S.  loses its place as the reserve currency.
Hey, are you glad now you voted for Obama? - George Bivins

Contact my email - georgebi@windstream.net - See my blog - http:www.gradycountyenquirer.blogspot.com/

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