Dollar at Risk of Crashing, Triggering Inflation: Strategist - CNBC

http://www.cnbc.com/id/40007252

By: Jeff Cox
CNBC.com Staff Writer

Federal Reserve policies have put the US dollar the risk of crashing, which will hammer consumers through higher prices, strategist Axel Merk told CNBC.

Investors should brace for a much weaker dollar [.DXY  76.59    0.71  (+0.94%)   ] by diversifying out of the greenback and into currencies of other countries, said Merk, chairman and chief investment officer of Merk Investments, of Portland, Maine.

Merk spoke the day after the Fed said it will be embarking on a program to buy $600 billion in Treasurys in an effort  to pump up the economy by increasing liquidity. Critics say the program, also known as quantitative easing, will further devalue the dollar and ultimately create inflation.

"It's with the best of intentions but I think it's a very, very wrong policy," Merk said in an interview.

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YouTube - REALITY REPORT #62 - Homeland Security Targets Activists

Image via Wikipediahttp://www.youtube.com/watch?v=27NyET1Uzm8&feature=player_embedded

http://RealityReport.TV | http://RestoreTheRepublic.com | In this edition of the Reality Report, Gary Franchi blows the lid off the Pennsylvania DHS list targeting activists. He also sits down with Arizona State Senate Libertarian Candidate Andrea Garcia to talk about her race for the Senate seat. Obama gets schooled during his own Town Hall meeting on CNBC, and we have the video. Nina breaks down the headlines including who is funding the Ground Zero Mosque and how the U.S. is in bigger debt than the Government is letting on. She also plays the controversial video of the middle school students praying at a Mosque during a field trip and reports on a new tax concept being proposed in the UK. The viewers brand a new "Enemy of the State" and the mailbag is sifted.Andrea Garcia: Arizona State Senate Candidate - http://blip.tv/file/4150609

http://RealityReport.tv | http://RestoreTheRepublic.com | In this edition of the Reality Report, Gary Franchi discloses how the Department of Homeland Security is maneuvering around the 1974 Privacy act to set up a new centralized database for citizens. He also travels to New York to find out what the media neglected to cover regarding 9/11 memorials planned for the 9 year anniversary of the World Trade Center attacks. He interviews Richard Gage about Building 7's collapse and 9/11 family member Manny Badillo recounts his confrontation with DHS Secretary Janet Napolitano while at the reflecting pool. John Uhlich is interviewed about why he traveled from Chicago to mourn his cousins murder at Ground Zero. Nina breaks down the headlines including DHS new Iris scanners and reveals the news about settlement connecting Autism to Vaccines. She also plays Candidate Marg Bakers inflammatory remarks about rounding up people for Concentration Camps and provides the truth behind the mysterious third beam of light that pierced the night sky in New York on 9/11. The viewers brand a new "Enemy of the State" and the mailbag is sifted.

Richard Gage: Building 7's Shadow - http://blip.tv/file/4122235
9/11 Family Member Meets Janet Napolitano - http://blip.tv/file/4122247
WTC 7 Press Conference 9/11/10 Part 1 - http://blip.tv/file/4122313
WTC 7 Press Conference 9/11/10 Part 2 - http://blip.tv/file/4122253
9/11 Family Member Travels to Ground Zero - http://blip.tv/file/4122330
WTC Employee Discusses pre 9/11 Power Downs - http://blip.tv/file/4122360

 

 

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