Monday, September 7, 2009

Bet on the Euro Rising to $1.47 dollars says Hellemeyer

More turmoils in the Currency front for the US if the monetary and structural problems of America are not addressed

America seems still in recession while the rest of the world seems to be pulling out it quicker the dollar may collapse as a result of US economic policies once the solidarity amongst the G20 members evaporates especially from China and Russia which has the third largest foreign currency reserve in the world mostly in US dollars says Folker Hellmeyer i the chief analyst at Landesbank Kreditanstin from Bremer Germany , he talks with Bloomberg's Rishaad Salamat about the outlook for the dollar. Hellmeyer says the Euro will soon reach $1.47 as Europe shows signs of recovery especially Germany and France while USA is still suffering from a large deficit and structural imbalances that if not addressed could have the dollar as the victim of these policies says Hellmeyer he agrees on this with re known economist Nouriel Roubini . Hellmeyer speaks from Bremen, Germany.

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forex fx currencies dollar Folker Hellmeyer Landesbank Kreditanstin Bremer Germany Marc Faber Peter Schiff Ron Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera gerald celente warren buffett marc faber jim rogers gold silver max keiser lou dobbs bob chapman alex jones david icke economy collapse stock market wall street