The Government Just Made The U.S. Dollar Even Less Desirable

As if the U.S. Dollar did not have enough trouble, the government just made the U.S. Dollar even less desirable by increasing the regulatory burden on everybody around the world that makes transactions in U.S. Dollars. FATCA, the Patriot Act and all those anti money laundering laws, it is very difficult now globally to bank and transact in U.S. Dollars.

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