‘The Dollar Is Going to Go to Hell’: Trump

Justin Menza
CNBC
July 17, 2012

The U.S. needs to pay down its debt, and that won’t happen if Federal Reserve Chairman Ben Bernanke “goes wild” with more stimulus, Donald Trump told CNBC’s “Squawk Box” on Tuesday.

“The fact is that the country owes $16 trillion, and we just can’t keep doing this,” Trump said. “The dollar is going to go to hell.”

Trump said the artificial Fed stimulus has done nothing, and the only way to get the country back on track is to start paying down debt. (Related: The Biggest Holders of U.S. Government Debt).

“We’re not going to be doing it if Bernanke goes wild,” Trump said.

Full story here.

This article was posted: Tuesday, July 17, 2012 at 8:47 am