Jan 20, 2015

You Never Want To Win A Currency War

How many more dollars are the Chinese going to buy before they give up, just like the Swiss, before they surrender? And when you surrender in a currency war, your people is victorious, they win. You never want to win a currency war. You want to lose. Unfortunately a currency war is the war the Americans are going to win, to our own detriment.

Related trading instruments: Swiss Franc, Chinese Yuan, U.S. Dollar;

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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