Peter Schiff is at it again. This time, he spoke with CNBC discussing China’s two percent devaluation, the United States economy and how the greenback will win the currency war, which Schiff warns means every American loses. Essentially, the fierce competition between the U.S. and China means Americans are racing to the bottom. We reported earlier about comments Schiff made this week about the devaluation.
Here are a few interesting comments made by Schiff on the business news outlet:
“America is going to win the currency war.”
“I think we’re going to win, but right now you have a dollar bubble.”
“They are going to do QE4, they’re going to do QE5, they’re going to do QE’s indefinitely until a currency crisis ends the party and they can’t do it anymore. And that crisis is going to come. That is what the drug addicts on Wall Street want. They want another fix, and I think the pushers are going to provide it, unfortunately.”
“This economy will be in recession if the Fed raises rates, and it’ll be in recession even if they don’t raise rates.”
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