Zell: Dollar’s Global Fall Will Be ‘Disastrous’ for US Living Standard

Greg Brown MoneyNews.com 3/3/2011

Billionaire real-estate magnate Sam Zell warns that Americans should brace for a “disastrous” 25 percent decline in the standard of living if the U.S. dollar’s reign as the global reserve currency ever ends.

He says that there are signs in the market that it could eventually happen. As it is now, […]