The Death of the Dollar: Will the Fed Kill the Greenback at Tomorrow's FOMC Meeting?

Months or years from now, when analysts are studying the death of the U.S. dollar, they'll look back and see that the greenback's demise began on a specific day - Wednesday, April 27, 2011. As in ... tomorrow. At 12:15 p.m. tomorrow, at the conclusion of a two-day Federal Open Market Committee (FOMC) meeting, we'll find out whether U.S. Federal Reserve Chairman Ben S. Bernanke and his policymaking posse opted for a sharp increase in U.S. interest rates - which appears to me to be the only solution to a looming third-quarter crunch. Unfortunately, I don't think that Bernanke & Co. will make the needed move. And without that sharp rate increase tomorrow, investors can look forward to rampant inflation, an evisceration of the U.S. Treasury bond market and - in a worst-case scenario - the death of the dollar. Let me show you why.... To understand why it's crunch time for the dollar, please read on ...