SchiffReport: Will China Pull a "Switzerland" on the U.S. Dollar?
[video]
Prepare for the greatest transfer of wealth. Buy physical silver and storable food.
Peter Schiff, author of Crash Proof 2.0: How to Profit From the Economic Collapse
The Schiff Report (1/16/15)
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Source: http://silveristhenew.com/2015/01/16/will-china-pull-a-switzerland-on-the-u-s-dollar/
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I doubt it – China is using it’s reserve dollars and purchasing USA assets faster that I can pop – popcorn! They are not in the habit of shooting themselves in the foot by devaluing their dollar holdings and delivering a knock out punch to their largest trading country. Anyway – I do not fault the article in suggesting purchasing storable food and gold/silver as a probable counter against a probable depression somewhere between now and 2020.
there are too many old products
no jobs no buyers
we need new products