Peter Schiff - Dollar Bubble Set To Burst And China's Gold
Peter Schiff was interviewed by Newsmax and said the US economy has plenty of problems of it’s own and that China’s devaluing of it’s currency will not be a problem for the United States.
The impending collapse of the US dollar is what investors should be focusing all their attention on. The dollar is in a bubble and ‘it will burst’.
The US economy is in a shambles compared to China’s economy. The FED knows this and will have to admit it.
Interest rates will not be raised and QE4 is coming says Peter, and it will sink the dollar.
There is big trouble on the way. We are on the verge of a much worse financial crisis than what we experienced in 2008 and it’s going to take the form of a currency crisis. You’re talking about currency wars. American is going to win the currency war, which is a race to the bottom, and you don’t want to win a currency war because a currency war is different from most wars in that the object is to kill yourself and unfortunately, we’re going to succeed.”
Peter Schiff
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Source and reference- http://www.newsmax.com/Finance/Economy/peter-schiff-dollar-china-economy/2015/08/11/id/669647/
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