September 16, 2012

Nobody Is Going To Want To Trade Their Stuff For Our Rapidly Depreciating Paper

The American economy depends on our ability to print money and trade it for what the rest of the world produces, but as the dollar is falling through the floor, nobody is going to want to trade their stuff for our rapidly depreciating paper. - in CNBC

Related: PowerShares DB US Dollar Index Bearish(NYSEARCA:UDN)

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.