Bill Gross – US Federal Reserve will “rob” creditors. Enquirica Research is a Calgary based research firm focusing on independent analysis of alternative asset classes, exempt market securities and investment opportunities, primarily in western Canada and particularly in agriculture and energy. Enquirica research is available on its website - www.enquirica.com.

1. Enquirica Research – Bill Gross – US Federal Reserve will “rob” creditors
January 20, 2011 Calgary
Bill Gross made a startling frank comment at the Forbes' annual investing roundtable: “I
don't know if the U.S. has reached a desperate point, but it is employing instruments and
vehicles and policies that smack of desperation. We are not looking at a default here, but
at years of accelerating inflation, which basically robs investors and labor of their real
wages and earnings. We are looking at a currency that almost certainly will depreciate
relative to other, stronger currencies in developing countries that have lower levels of
debt and higher growth potential. And, on the short end of the yield curve, we are looking
at creditors receiving negative real interest rates for a long, long time. That, in effect, is a
default. Ultimately creditors and investors are at the behest of a central bank and
policymakers that will rob them of their money.”
Enquirica Research is a Calgary based research firm focusing on independent analysis
of alternative asset classes, exempt market securities and investment opportunities,
primarily in western Canada and particularly in agriculture and energy. Enquirica
research is available on its website - www.enquirica.com.
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