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The Impending Collapse of the Dollar...

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The Impending Collapse of the Dollar... Empty The Impending Collapse of the Dollar...

Post  News Hawk Sun Aug 16, 2015 8:14 am

But Schiff said investors should be worried about the U.S., not China.


“China's economy is not failing and this is a small devaluation, 2 percent. The Chinese currency has increased in value dramatically over the past several years along with the US dollar. So this move was motivated not by the exchange rate between the yuan and the dollar, but between the yuan and all the other currencies because the dollars is in a bubble right now,” he said.

The Fed is not going to raise interest rates, contrary to Government announcements.
—Peter Schiff

If I held a "Reverse Mortgage", I'd be very worried now.


News Hawk
News Hawk

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