from Gold Core:
Trends forecaster, Gerald Celente, who correctly forecast the recent $10 billion taper, told Russia Today overnight that the Federal Reserve is again “blowing bubbles,” as is the ECB.
After the Nasdaq and property bubbles, we now have huge debt bubbles being created, said Celente. This is leading to BRICS nations having concerns about a “monetary tsunami” and concerns about the euro and dollar and may lead to a new reserve currency for the world – possibly a basket of currencies.
This poses risks to both the dollar and the euro and both may fall in value in the coming months and the question is “which one is going to go first?”
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