Thursday, September 4, 2014

Forced move away from dollar

We’re flexing a lot of muscle that we don’t have. We’re irritating a lot of people that we need to suck up to. We’re creating extra incentive for people to move away from the dollar. That could ultimately be the biggest problem for the [stock market]. A big drop in the dollar and acceleration of inflation would put pressure on the Fed to raise rates.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009