Dollar Ponzi

2015: The Year the Global Debt Delusion Implodes

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from Natural News:

A capital investment expert who chose to shutter his short-only hedge fund during the depths of the Great Recession of 2008-09 has warned in a recent interview that 2015 is likely the year in which the U.S. dollar takes a steep decline.

In his interview with King World News, Bill Fleckenstein, president of Fleckenstein Capital, also warned that the dollar “is an Internet stock that’s on borrowed time.”

“People are going to lose confidence in the central banks and there is going to be an ugly dislocation when that happens,” he continued. “Will they come back for another round (of money printing)? I’m sure the Fed will come with QE [quantitative easing] again when it turns out this one doesn’t work.”

Continuing, he said that, at the moment, there are people who believe in “the fantasy of central banks delivering economic Nirvana,” and that they are capable of keeping financial markets elevated indefinitely, as well as “those of us who say that this is going to end in disaster…”

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