Friday, September 25, 2009

The Dollar is not the new Yen , it is the new Peso we’re still early in this bull market on gold

Peter Schiff on the Squacke box CNBC Sept 25 2009 CNBC The dollar is a fatally floated currency

“I don’t know when the dollar is going to strengthen,” Peter Schiff said “The dollar isn’t the new yen, it’s unfortunately the new peso.”
“The yen has gone a lot higher but the dollar is going to go a lot lower, which makes it ideal,” said Peter Schiff. “Not only can you borrow dollars for very cheap and earn to carry by investing in higher yielding assets, but the dollar is going to fall sharply. So anyone who puts on the carry trade is going to make a ton of money.”
“I wouldn’t be looking at any pullbacks from these currencies. There’s a much better chance that the dollar drops through a trap door…I’ve been shorting the dollar for years. I do it because I own foreign currencies, precious metals, and foreign stocks.” Schiff added , Peter Schiff was with Brian Dolan, of,

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