Other Stories You Might Like
Gold Shines Bright As Dollar Fades (281)
Peter Schiff Spills Truth About Economy (3)
Countries to Drop U.S. Dollar, Buy Up Gold (3)
Obama Stimulus Seals the Dollars Fate (3)
Signs of Our Times (410)
World Economic Forum Held at Davos, Switzerland (42)
Peter Schiff predicts Imminent Doom – Fear And Loathing In America (6)
Is Bill Clinton Becoming Sage-like? (0)
Can Obama Weatherize Against Corrupt State Leaders? (0)
Republicans Lie About Spending Cuts Again (120)
A lot of thanks for all your valuable efforts on this website.
I appreciate you for churning out these invaluable, safe, revealing and as well as fun thoughts on this topic.
Play math online games on your computer with your good friends or with your teacher or dad and mom on zMathGames™. Our educational math online games will sharpen your math abilities and increase your fast thinking skills and coordination all simultaneously.
Hello.This post was really interesting, particularly because I was looking for thoughts on this matter last Monday.
You made a number of fine points there. I did a search on the matter and found mainly persons will have the same opinion with your blog.
Exactly, other parts of the world will become the grand spenders, the time of the U.S. importing everything from China is coming to an end, they’ll need to start producing. I meant to say the Yuan not Yen. It’s obvious to the rest of the world that the Chinese are keeping their currency undervalued and I’m assuming they’ll take their hands of the currency when they need to, it would be a big step for them to take since export is very important to them and everything will be priced higher for the buyers of the world but it will also open many doors for them when importing.
What I’ve been contemplating: I believe the Chinese are in a great position, they have been devaluing their currency for decades. I’m no expert in this but if they (the Chinese government) have been keeping the Yuan down by printing more then they need to (like the bailout packages) for years, but they don’t throw that money away but use it to buy up foreign currencies or other valuables such as gold and silver. If their government have been doing this for years they must be in great position right now… plus the wealth their citizens posses at them moment can double if or when they choose to go down that road. Am I oversimplifying the situation or could this be reality?
well, how will Yen skyrocket, Japan is going through the same ass as the US. Chinese lose a lot of jobs because of all the outsourcing that occurred. most of the Chinese products end up on the western markets either as a product or a part of a product. Even if the situation like you describe began to happen, why would they come to US to buy the stuff they produce.
Plus, maybe it’s time some other part of the world became a grand spender, and not the US.
The states will get raped if this happens. Mr. Schiff has been correct so far, so I’ll take his word on it before I’ll listen to anyone else. Heed his words people!
are you second guessing Mr. Schiff on the global crisis Mr. Rieper? many men have tried but none succeeded… about Asia, it depends on when or if they let their currencies into a supply and demand state like other currencies. Can you imaging the position they’ll be in if the dollar goes into freefall and the Yen for example skyrockets up, they’ll feel like westerners in Zimbabwe when they visit the States.
i don’t think Asia is going to profit a lot from this mess, they’ll suffer as well.