Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Dollar at Risk of Becoming ‘Toxic Waste’

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Oct 25, 2010

The dollar’s slump could get far worse if the dollar index takes out last year’s low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.

“If the (dollar index) takes out the low that was made roughly a year ago I really think that will not only encourage more sales, it will cause a little bit of minor panic,” Griffiths said. “A year ago it was deemed too cheap, if it goes any lower than that it’s actually become toxic waste.”

The dollar resumed its recent downtrend Monday in the wake of a meeting of finance ministers from the Group of 20 nations at the weekend. The meeting failed to yield a definitive agreement on currencies, putting selling pressure on the greenback.

“The dollar is being trashed, we’ve actually had effectively devaluation of about 14 percent in the last two months,” Griffiths said.

Full article here

This article was posted: Monday, October 25, 2010 at 9:41 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Conservatism is the New Counter-Culture See the rest on the Alex Jones YouTube channel.

UN to Censor the Internet to Save Feminists' Feelings See the rest on the Alex Jones YouTube channel.

© 2015 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.