Marc Chandler on the Outlook for the Dollar, Euro and Yen in 2012

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Mitt Romney wins the new hampshire primaries -- he is the biggest recipient
of money from Wall Street so far this election cycle. Maybe Obama is trying to catch up though? He heads to a Chicago fundraiser at the home of a former bear sterns executive. Meanwhile, Geithner is in China to talk currency controls with Beijing, and we are in DC to ask if Uncle Sam should really even want to call a cease fire to this currency war. It's a question we will pose to our guest, head of global currency strategy at Brown Brothers Harriman, Marc Chandler. And speaking of currency, which currencies will prevail in 2012 -- the dollar, the yet, the swiss franc, the euro? Well, we did see the euro hit a 16-month low earlier this week against the dollar. Will we see a shake up in the global currency basket? Again, we'll be discussing this with FOREX strategist
Marc Chandler. And, in a funny twist of fate, it appears that Monti may have a new competitor in Italy as he and Merkel meet to talk about the eurozone debt crisis. Guess who isn't suffering, but rather benefiting from the crisis? The Italian mafia. That's right, the anti-crime group SOS Impresa reports that with 65 billion euros in liquidity, the Mafia is Italy's number one bank. Will we see the Camorra start sell forward protection contracts to take advantage of its newfound financial status?

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[crazeyspivey]

This guy is full of crap......clearly having a big interest in maintaining the failing monetary systems. He is wrong, wrong, wrong. Talk about "clean" dirty shirts.....they are all worn out and full of holes and need to be tossed in the trash. The new shirt that replaces them will be made with gold and silver threads. Go Ron Paul!

[notcher19]

@MarcusCMarcellus Admittedly, it is good to watch an alternative view but the current fiat monetary system is simply unsustainable. The utility maximizing behaviour of people that print the money will always lead to an abuse of the system. Checks and controls have to be in place to prevent this abuse and a gold standard is an outstanding control.

[vaiea62]

My friend used this forex method named: Effectus Forex Strategy and recieved about 425 pips in a month without working!Anyone else tried this?

[gettingrichinamerica]

@crazeyspivey

Education yourself before you quote sound bites of the stupid.

[crazeyspivey]

@gettingrichinamerica You speak with a slick, forked tounge, just like a greedy bankster. Go crawl back into the hole you just came out of.

[gettingrichinamerica]

@crazeyspivey

Don't let facts get in the way of your opinion. Educate yourself.

[waldentree]

Very interesting interview though.

[waldentree]

I can't stand this woman.

[Rustyshackleford08]

Why did they put this guy on the show??

[mjh62889]

Short term I bet this dude makes very accurate calls vs. a Marc Faber or Peter Schiff ... I question if his long term view is accurate though. This relativist argument in currencies admits that even currencies are based on consumer confidence, but fails to recognize commodities like gold or silver in the argument. What if the cleanest dirty shirt wasn't dirty at all? What if the shirt was gold? If the USD is only safe due to the shittyness of the Euro this won’t save the dollar long term.