The only way China can stop its inflation problem is to stop importing it from the U.S., which means … they have to let their currency rise. If that happens, the U.S. had better brace itself. It will unleash an inflationary nightmare here in the United States. As the Chinese currency increases in strength, the dollar must decrease. And, so Americans [would] experience higher prices, falling purchasing power and a lower standard of living. - in Yahoo Finance
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI) , SPDR S&P 500 ETF (NYSE:SPY) , iShares Russell 2000 Index (ETF) (NYSE:IWM), SPDR Gold Trust (ETF) (NYSE:GLD)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
