Peter Schiff on Bretton Woods 2

Peter Schiff of Euro Pacific Capital says the US has been exporting their irresponsible monetary policy all around the globe and has abused their privilege of producing the reserve currency. If this weekend's get together at Bretton Woods helps reshape the global economy, will it mark the end of the US dollar's dominance?

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Category:

News & Politics

Tags:

• rt
• rttv
• rtamerica
• russia today
• peter schiff
• euro pacific capital
• us
• usa
• usd
• dollar
• global economy
• bretton woods
• economics

[98bigbutt]

The American people needs to have a violent revolution like those in the Middle East or in Europe.

[WhereDidItAllGo7]

Peter Schiff 2012! 

[rickbar123]

@rhysqqq Run that NAM propaganda crap on a tea bagger.

[rhysqqq]

@mmalody So there's no value in civilization? I guess if we were cave men, I'd agree with you.

[rhysqqq]

@rickbar123 No, I don't think he has anywhere to move his asian holdings to right now. If the USA economy were better, he could move them here. He's not in the business of losing money for sentimental reasons. Don't forget that America used to have the highest wages AND cheapest exports. Wages are a function of productivity. Productive workers can make more money for their company and get paid more money.

[rhysqqq]

@lalogrumbacher wow that is so vicious you'd think you work for the The Bernank.

[rickbar123]

@rhysqqq So tell us................what the relocation point ?????? You think he has better than Asia ???

Let's face it, workers in China earn 300 a month and workers in Veit Nam earn 60 a month. His money is staying in Asia.

[rhysqqq]

@rickbar123 yeah, cause he doesn't know how to reallocate his holdings. it's not like he's a professional investor or nothin

[rhysqqq]

@javierislas91711 japan can't default until we do. we owe them more than they owe others. all they have to do is cash in. their debt is high but their assets are higher

[javierislas91711]

dude the gov is doin the right thing. look at japan 200% debt to GDP ratio-no natural resources-and their still there, still alive, there not living in huts.

we will be fine no matter what, we have infrastructure and tons of resources.

[vincentca2004]

@TheDmoore323 Just look at Italy. Then come back to me talking about a businessman in charge that doesnt give a shit about the people or their freedoms. Berlusconi with his influence has made laws giving him immunity against any form of criticism as long as he is in office. Talk about fascism, the whole country has fallen so low that the society takes drugs to feel better and gambling as a way to become rich. The USA needs a leader by example, only person that will do that is Ron Paul.

[capitalistbotherer]

it's never too late to invest in gold bullion coins. what's the alternative? watch your fiat money turn into toilet paper?

Investing is gambling, but not investing is 100% guarantee of making a loss.

Buy gold.