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Sam Zell: Dollar is Trash, Latin America is Gold

“The dollar is in a heap of trouble, says real estate billionaire Sam Zell. And with the United States economy in such disarray, he sees Latin America as very attractive, particularly Colombia, Peru and Chile.

“We’re printing money at a staggering rate. It all comes down to how much longer everybody is going to be willing to take a depreciating currency,” Zell tells CNBC. The dollar hit a 33-month low in late April.

“We have to address the debt issues. The falling dollar is a vote of no confidence of the government of the United States.”….”

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