Apr 22, 2014

U.S. Dollar: The World Has A Lot More Confidence Than They Should

They can`t keep printing money without collapsing the Dollar. And I think that is the real collateral damage. The Federal Reserve will keep printing money to keep the bond market propped up, to keep the equity market propped up, the housing market propped up and the Government in business to enable them to keep borrowing and spending. So they will keep on printing and printing and printing until the bottom falls out of the Dollar, which will happen eventually. It should have already happened. But the world has a lot more confidence in our money than they should. Eventually they won`t and the confidence will fail and that is the crisis that we are heading into.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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