'The Dollar Is Going to Go to Hell': Trump

Tuesday, 17 Jul 2012 | 10:50 AM ET

The U.S. needs to pay down its debt, and that won’t happen if Federal ReserveChairman Ben Bernanke "goes wild" with more stimulus, Donald Trump told CNBC’s “Squawk Box” on Tuesday.

Trump on Politics & the US Economy
Trump Organization Chairman & President, Donald Trump provides his perspective on political attacks, Ben Bernanke's testimony on Capitol Hill, and how to prompt economic recovery and create jobs.

“The fact is that the country owes $16 trillion, and we just can't keep doing this,” Trump said. “The dollar is going to go to hell.”

Trump said the artificial Fed stimulus has done nothing, and the only way to get the country back on track is to start paying down debt. (Related: The Biggest Holders of U.S. Government Debt).

“We're not going to be doing it if Bernanke goes wild,” Trump said.

Trump doesn’t think Bernanke will undertake aggressive stimulus but added “he may do something minor, but minor is too much.”


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