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Email this article: The Real Crash is coming, says Peter Schiff
Posted: Mon May 28, 2012 10:09 pm
INTERNATIONAL. "When the US governments delaying tactic, which involves continuous borrowing and money printing is no longer tenable, the dollar could collapse, interest rates and consumer prices could soar and the US economy could implode. That's the real crash that I was warning about, and the one we all need to be worried about now."
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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